Hello everyone, let's take a look at the 4H XRP to USDT chart as you can see the price is moving below the local uptrend line.
Let's start by setting goals for the near future that we can consider:
T1 = $ 0.3425
T2 = $ 0.3498
T3 = $ 0.3558
and
T4 = $ 0.3617
Now let's move on to the stop loss in case of further market declines:
SL1 = $ 0.3310
SL2 = $ 0.3265
SL3 = $ 0.3226
SL4 = $ 0.3189
and
SL5 = $ 0.3137
Looking at the CHOP indicator, we can see that in the 4H range most of the energy has been consumed, while the MACD indicator shows a local downward trend.
Let's start by setting goals for the near future that we can consider:
T1 = $ 0.3425
T2 = $ 0.3498
T3 = $ 0.3558
and
T4 = $ 0.3617
Now let's move on to the stop loss in case of further market declines:
SL1 = $ 0.3310
SL2 = $ 0.3265
SL3 = $ 0.3226
SL4 = $ 0.3189
and
SL5 = $ 0.3137
Looking at the CHOP indicator, we can see that in the 4H range most of the energy has been consumed, while the MACD indicator shows a local downward trend.