Hello everyone, let's look at the 1D XRP chart to USDT, in this situation we can see how the price moves under the downward trend line, but we can see some price stabilization, which can affect the potential change of trend.
However, let's start by defining goals for the near future the price must face:
T1 = $ 2.57
T2 = $ 2.39
Т3 = 2.15 $
T4 = 1.76 $
Let's go to Stop-Loss now in case of further declines on the market:
SL1 = $ 2.77
SL2 = $ 3.07
SL3 = 3.40 $
The MacD indicator shows how we are still in the downward trend, but here you can see some stabilization, which may indicate an attempt to return to the upward trend.
However, let's start by defining goals for the near future the price must face:
T1 = $ 2.57
T2 = $ 2.39
Т3 = 2.15 $
T4 = 1.76 $
Let's go to Stop-Loss now in case of further declines on the market:
SL1 = $ 2.77
SL2 = $ 3.07
SL3 = 3.40 $
The MacD indicator shows how we are still in the downward trend, but here you can see some stabilization, which may indicate an attempt to return to the upward trend.
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