Ripple has bounced nicely off of the top of its old wedge. I bought back in late Friday for a short term buy. We are waiting for the next court hearing. The SEC I firmly believe are about to lose and lose badly. They are basically now the ones on trial. With full disclosure of Bitcoin and Etherium communications to the court, if they fail to disclose, they lose, if they disclose and it proves Ripple can not be a security they lose. This could come down to a matter of words. When this is over you can expect companies like Coinbase to allow customers to again trade in Ripple.
Based on my indicator I decided to go long Etherium on Friday as well. You may note the bearish triangle. Although that is there it was cancelled by the bullish pivot, so you can see that green label. Once I had the green bullish triangle I was into the long. Waiting for the target.
XRP is basically a fundamental trade I’ll be adding to in the next week depending on market sentiment and the action in the market, Ripple, IMHO has a long long way to go.
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