Long
OCEAN in a bullish descending wedge
OCEAN is opening this month with a very nice pattern called the Descending Wedge pattern. This is a special pattern that indicates a bullish break. The price can enter this pattern after a downtrend or an uptrend, but it is likely to break upwards towards the end.
We did have a "fake breakout" recently, so I am not going to say it is 100% bullish right now. However, indicators say that it not a bad time to start opening positions. It is a confirmation WHEN it breaks the wedge going up.
However, I am worried about the $0.22 level as it has been a zone of resistance before.
Take profits:
$0.22
$0.31
We did have a "fake breakout" recently, so I am not going to say it is 100% bullish right now. However, indicators say that it not a bad time to start opening positions. It is a confirmation WHEN it breaks the wedge going up.
However, I am worried about the $0.22 level as it has been a zone of resistance before.
Take profits:
$0.22
$0.31
Trade active
Open long position 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.