XRP - USDT on 4H interval Targets and Stoploss
Hello everyone, let's look at the 4H XRP to USDT chart as you can see that the price is moving below the local uptrend line, and within the triangle outlined by the blue lines.
Let's start by setting goals for the near future that we can take into account:
T1 = $0.3923
T2 = $0.3980
T3 = $0.4028
T4 = $0.4070
and
T5 = $0.4133
Now let's move on to the stop loss in case the market goes down further:
SL1 = $0.3865
SL2 = $0.3833
SL3 = $0.3799
SL4 = $0.3754
and
SL5 = $0.3694
Looking at the CHOP indicator, we see that there is a lot of energy for a new move on the 4H interval, while the MACD indicator indicates a local downtrend.
Let's start by setting goals for the near future that we can take into account:
T1 = $0.3923
T2 = $0.3980
T3 = $0.4028
T4 = $0.4070
and
T5 = $0.4133
Now let's move on to the stop loss in case the market goes down further:
SL1 = $0.3865
SL2 = $0.3833
SL3 = $0.3799
SL4 = $0.3754
and
SL5 = $0.3694
Looking at the CHOP indicator, we see that there is a lot of energy for a new move on the 4H interval, while the MACD indicator indicates a local downtrend.