Ocean Protocol Uptrend, Next Target Mapped At 100% PProfits
The OCEANBTC (Ocean Protocol) chart is doing pretty good, we are looking at an uptrend.
After the 12-Feb. peak, OCEANBTC retraced and hit the 0.618 Fib. retracement support level, which opens the door for additional growth.
On a bullish cycle, retraces can go as short down as the 0.382 Fib. retracement level, but also 0.618 and 0.786 can be hit.
The stronger the bullish wave, the shorter the retrace.
Currently, OCEANBTC is moving above EMA100 (blue line) while it closed above EMA50 (magenta) yesterday.
The trading volume is also starting to increase.
Any trading above EMA50 and we are strongly bullish on OCEANBTC.
If prices drop and close below 0.00001711 (0.618 Fib. retracement support level), the potential for lower prices increases.
Here I am mapping up to 100% to the next target.
Additional resistance levels are marked on the chart.
Thanks a lot for reading.
Namaste.
After the 12-Feb. peak, OCEANBTC retraced and hit the 0.618 Fib. retracement support level, which opens the door for additional growth.
On a bullish cycle, retraces can go as short down as the 0.382 Fib. retracement level, but also 0.618 and 0.786 can be hit.
The stronger the bullish wave, the shorter the retrace.
Currently, OCEANBTC is moving above EMA100 (blue line) while it closed above EMA50 (magenta) yesterday.
The trading volume is also starting to increase.
Any trading above EMA50 and we are strongly bullish on OCEANBTC.
If prices drop and close below 0.00001711 (0.618 Fib. retracement support level), the potential for lower prices increases.
Here I am mapping up to 100% to the next target.
Additional resistance levels are marked on the chart.
Thanks a lot for reading.
Namaste.
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