Everyone's banking on this ascending triangle (A), but if that's our gauge, (B) makes more sense to me for a breakout. Buyers at support. RSI cools off. Upshot isn't so narrow. Fuller pattern, stronger foundation for a breakout (which, when successful, usually occurs right about there within said pattern (C). In other words: (A) shows an ascending triangle on...
DGB hasn't been this oversold on the daily since July 1'st, 2015. Is it really going to drop another 50%? I doubt it.
This is not meant to be an in-depth or professional analysis. Just a few short notes on the XRP/BTC pairing over the last two days. XRP is on a march, which I haven't seen in a long time. Normally, she just bounces to fill the gap and soon returns. This time, instead of blowing through the 4 HR resistance with no foundation, we're building one. Thus far, we've...
I'm proficient in basic analysis, but I (probably) don't have anything to contribute that's not already covered. I'm honestly just trying to get enough reputation points so that I can make comments. Mainly to point out blatantly bad TA. Like when two different people are calling shorts on ADA's "Bear Flag." That's a hell of a flag.