Short
OCEAN 3 possible scenarios
1 - There is a bearish double top that sends this coin back down towards $0.35. Shown with the white line and RSI.
2 - There is a bearish possibility of it coming back from the recent break to get support before rising higher. this too is around $0.35
3 - There is a bullish possibility of it touching the higher red FIB level around $0.5, but then it will come back down as well because this is usually a reversal zone.
If BTC passes $35k, then this coin will negate all bearish scenarios.
2 - There is a bearish possibility of it coming back from the recent break to get support before rising higher. this too is around $0.35
3 - There is a bullish possibility of it touching the higher red FIB level around $0.5, but then it will come back down as well because this is usually a reversal zone.
If BTC passes $35k, then this coin will negate all bearish scenarios.
Note
OCEAN makes it way down for a clear double top! Price reduction comingNote
Further rejection down is possible as the double top is confirmedNote
Note
Entering supportTrade active
OCEAN touches the support area as I mentioned and is now in a super bullish descending wedge.Buy signal!
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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.