Long

OCEAN Protocol bullish move

Updated

Expect a bullish move in Crypto market based on good CPI wednesday, i chose from many pair that one because is very close to exit from the big weekly correction flag created after January 23 bull run..
Suport 200 D Moving Averages and short term support a D SMMA what will generate that big move what i am expect to be.
In case of correction (manipulation for creating liquidity the price may still reach 0.32-0.3 zone as i show in the chart!. Keep u posted guys

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A zooming image for understand what we expect till Wednesday

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Reacted well, close daily outside retested today on CPI data, if is not afaje breakout we remain bullish, anyway we are bullish in second scenarion from 0.32, but IMO is very less likely to see that price very soon.

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that will be in W tf

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correction on 1h tf almost finished, we still keep long

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Guys i give u a big hint in that last 3 update about how will evolve the outflow of USDT (position to reserves) and where i will expect as a big amount of capital to go back in position
In the last one pictures we see like USDT dominance will still increase (outflow) til arround 7.27%, i really don t believe will touch the upper liquidity trend, but even that aprox 7.4% the most outflow will not be from ALTs and for sure not from OCEAN,
If will touch the upper trend line max outflow will be from BTC as BTC to retest M and W support 0f 25k and 26k.
Is true will affect also Ocean and alts but not now will be the big correction for all market retest the low or even a bigger low, that will be a bit later.
In conclusion OCEAN still have target of 0.47(test of W smma) and then (a bit chance of 0.57-0.6 resistance before a bigger down trend based on recession and all the risk how definitely will be. Then guys keep long, if are in futures set the risk accordly and follow that 2 targets, will be with no doubt before a bigger correction to maybe 0.2 area. Good luck

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Nice bounce from D. SMMA, as i show u previously

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same structure, same idea, bounce from D smma

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and USDT keep resistance of 7.27% as i told u few days ago, if still intact will go down and if H&S breakdown that structure....... the end of yellow vertical will be the target. lets see how the market will react

Trader-MP

twitter @mihaipetrea6
telegram:@learntotrade20

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