Think the dogs being called off at G-20 is enough to get the indices pumping again. Only thing I'm leery about is the trade seems too obvious. News/event based trades have been quite strong in 2019, though.
Before the Ripple insider traders from the May 65% in 5 day pump dump on you.
I'm pretty bullish XRP on the higher timeframes but this should be a good correction from this news pump. Especially now that king BTC is correcting again.
I thought it would pull back to retest the ascending tri horizontal breakout level but looks like that prior swing high caught it as support. it may still drift back to it but it's looking strong. It was a nice breakout on good volume. Measurement resolves around that prior consolidation area
It failed the pitchfork break yesterday but if it can get over this 8k barrier and hold it's going to start looking bullish again. A break out of the pitchfork is a signal that the trend is changing (secondary trend turning back to bullish). The primary trend is still clearly up so it would be a good look to flip this secondary downtrend to up again. We are right...