XRP has been on a tear since 2021 began!!
From a new ATH of .75 on Feb 1 we saw a MAJOR .40 correction (outside of our consolidation box)
'
The consolidation box is .41-.48 just showing alot of push-pull momentum.
Feb 10th we saw a breakout test for .54 that failed.
We are now consolidating around our last ATH of .50
I anticipate a breakout upward to the .60 zone if not to test a NEW ATH.
DXY has been on a blood bath the month of FEB.
entry:.531
entry:.498
SAFE ENTRY: .507
TP: .633
SL:.492
1:4 risk/reward ratio
**FAIL IF UNDER .4702**
From a new ATH of .75 on Feb 1 we saw a MAJOR .40 correction (outside of our consolidation box)
'
The consolidation box is .41-.48 just showing alot of push-pull momentum.
Feb 10th we saw a breakout test for .54 that failed.
We are now consolidating around our last ATH of .50
I anticipate a breakout upward to the .60 zone if not to test a NEW ATH.
DXY has been on a blood bath the month of FEB.
entry:.531
entry:.498
SAFE ENTRY: .507
TP: .633
SL:.492
1:4 risk/reward ratio
**FAIL IF UNDER .4702**
Comment:
Trade flourished perfectly. Two separate opportunities to TP. Retrace to the entry level. Testing more momentum.