Hello everyone, let's take a look at the 1H XRP to USDT chart as you can see the price is moving below the local downtrend line.
Let's start by setting goals for the near future that we can consider:
T1 - $ 0.3171
T2 - $ 0.3199
T3 - $ 0.3220
T4 - $ 0.3243
and
T5 - $ 0.3275
Now let's move on to the stop loss in case of further market declines:
SL1 - $ 0.3142
SL2 - $ 0.3097
and
SL3 - $ 0.3052
Looking at the CHOP indicator, we can see that in the 1H range, energy has been used, and the MACD indicator shows that the blue line is approaching the intersection of the red one from below, which would confirm a local uptrend.
Let's start by setting goals for the near future that we can consider:
T1 - $ 0.3171
T2 - $ 0.3199
T3 - $ 0.3220
T4 - $ 0.3243
and
T5 - $ 0.3275
Now let's move on to the stop loss in case of further market declines:
SL1 - $ 0.3142
SL2 - $ 0.3097
and
SL3 - $ 0.3052
Looking at the CHOP indicator, we can see that in the 1H range, energy has been used, and the MACD indicator shows that the blue line is approaching the intersection of the red one from below, which would confirm a local uptrend.