Hello everyone, let's look at the 1D XRP to USDT chart as you can see that the price is moving above the local downtrend line.
Let's start by setting goals for the near future that we can take into account:
T1 - $0.55
T2 - $0.59
AND
T3 - $0.64
Now let's move on to the stop loss in case the market goes down further:
SL1 - $0.50
SL2 - $0.48
SL3 - $0.46
SL4 - $0.44
AND
SL5 - $0.41
Looking at the CHOP indicator, we see that the energy has been used, the MACD confirms the ongoing uptrend, while the RSI is at the upper limit, which may affect the change of the trend to the downside.
Let's start by setting goals for the near future that we can take into account:
T1 - $0.55
T2 - $0.59
AND
T3 - $0.64
Now let's move on to the stop loss in case the market goes down further:
SL1 - $0.50
SL2 - $0.48
SL3 - $0.46
SL4 - $0.44
AND
SL5 - $0.41
Looking at the CHOP indicator, we see that the energy has been used, the MACD confirms the ongoing uptrend, while the RSI is at the upper limit, which may affect the change of the trend to the downside.