XRP / USDT SHORT 4H
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 downtrend line.
Let's start by setting goals for the near future that we can consider:
T1 - $ 0.3199
T2 - $ 0.3275
T3 - $ 0.3335
T4 - $ 0.3393
and
T5 - $ 0.3481
Now let's move on to the stop loss in case of further market declines:
SL1 - $ 0.3079
SL2 - $ 0.3039
SL3 - $ 0.2976
and
SL4 - $ 0.2912
Looking at the CHOP indicator, we can see that in the 4H range the energy is slowly rising, while the MACD indicator shows a local downward trend, however the blue line is approaching the red line, if it crosses it from the bottom, it may confirm the upward trend change.
Let's start by setting goals for the near future that we can consider:
T1 - $ 0.3199
T2 - $ 0.3275
T3 - $ 0.3335
T4 - $ 0.3393
and
T5 - $ 0.3481
Now let's move on to the stop loss in case of further market declines:
SL1 - $ 0.3079
SL2 - $ 0.3039
SL3 - $ 0.2976
and
SL4 - $ 0.2912
Looking at the CHOP indicator, we can see that in the 4H range the energy is slowly rising, while the MACD indicator shows a local downward trend, however the blue line is approaching the red line, if it crosses it from the bottom, it may confirm the upward trend change.
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