You dont think it will retest the 200ma before crashing through the .30 mark?
Forex_Monster
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@thedinarian, I don't think so though it is possible. It has broken the ascending channel signaling further price movement. That's why i plotted new channel to capture the movement. Price will need to break the new channel to test 200MA which is the support of the larger channnel.
thedinarian
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@Forex_Monster, Roger that sir, I hope you are right, either way we are heading to new ATA in this bull break. Thank you for your input. It would be great to see this clear the .34 mark without a retest. :)
thedinarian
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@Forex_Monster, Hey, I commented on the wrong chart, sorry I was referring to your XRP chart and I see that you have the retest shown there that I was referring to. My apologies, Go Theta, im 50/50 Theta/XRP right now and intend to hold throughout the bull break.