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Cryptocurrency OCEAN - we expect a local short. Trade #7Hello colleagues! It's time for our 7th potential trade! Today we will share with you a forecast and a potential trade for OCEAN The cryptocurrency market is now one step away from a strong momentum . Bitcoin's price is at the critical point of $25650-25750, below which there are a large number of stop orders from local buyers: Therefore, during this update of the lows, a strong wave of decline may occur, as well as a false breakout of local lows and a strong growth momentum. In our previous publications , we have shown cryptocurrencies for which we are ready to take long positions. Today, we will talk about a short position, for which the entry point is, in our opinion, right now. OCEAN 12H On the chart, we can see that the price of OCEAN has begun a local correction of the upward wave from 17 August. Sellers have updated local lows, which has triggered a local rise in OCEAN. However, this growth does not yet look confident either by candlesticks or trading volumes. If buyers are unable to update the daily high with candles from 04.09.23 today, entering a short position will be logical, reasonable, and low-risk. If the local high is updated, buyers will have a better chance of continuing to grow to 0.3577. Therefore, we plan to set a stop order for ourselves quite short. OCEAN short trade: Enter = $0.3287 Stop = $0.3352( - 1.98%) TP1 = $0.3031 (+5.84%) TP2 = $0.2923 P/L ratio = 5.42 We allocate $10,000 for this trade . If successful, we will receive $1105 . If we make a mistake, we will lose $204 What do you think of this trade? Write in the comments below our forecast!
OShort
by P_S_trade
17
OCEAN protocol - 90% rally? Hello everyone, today we would like to draw your attention to the Ocean Protocol This is one of the few coins that showed great performance and buyer interest in this bear market like other AI related coins We are now in a corrective phase after a strong momentum On the weekly timeframe, you can see a lot of candles with large shadows, which can tell us about further accumulation by big players during the correction. The longer the price stays in this range, the stronger the next impulse can be. To do this, we need at least: 1. Break the local downtrend 2. Exit above the weekly 100MA (preferably above $0.4) 3. See an increase in volumes (since they have only been falling lately, and this is not a good sign X Cancellation of the scenario will be: Fixing the price below the support zone ($0.24)
OLong
by razumcapital
The key is whether support can be received at the 0.3289 pointHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (OCEANUSDT chart) It looks dangerous because it is lowering the highs and lows, but since it is showing sideways movements above the lowest point, it is believed that it is conserving its strength. The 0.3490-0.3954 section corresponds to the important volume profile section. Therefore, the key is whether the price can be maintained by breaking upward through this section. The HA-Low indicator on the 1D chart is formed at 0.3289. Therefore, if support is confirmed around 0.3289, buying is possible. However, it is a selling time when it touches the 0.3409-0.3954 range and shows a downward trend. If it falls below the 0.3187-0.3289 range and receives resistance, a stop loss is necessary as there is a possibility of renewing the previous best low. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** The trading volume indicator is displayed as a candle body based on 10EMA. Display method (in order of boldest) More than 3x 10EMA trading volume > 2.5x > 2.0x > 1.25x > trading volume below 10EMA ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
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by readCrypto
OCEAN/BTC - Ocean Protocol: Resistance_Breakout_Confirmation◳◱ An impressive Resistance Breakout and Confirmation has been detected on the MIL:OCEAN / CRYPTOCAP:BTC chart. The price has surged above a key resistance level, accompanied by a compelling candle pattern, thereby signifying a promising bullish trend. Notable resistance levels can be pinpointed at 0.00001184 | 0.0000121 | 0.00001257, while substantial support zones are identifiable at 0.00001137 | 0.00001116 | 0.00001069. It is highly recommended to seize this opportunity by entering a trade within the present price range of 0.00001175 and setting sights on higher levels of profitability. ◰◲ General info : ▣ Name: Ocean Protocol ▣ Rank: 156 ▣ Exchanges: Binance, Kucoin, Bittrex, Kraken, Hitbtc ▣ Category/Sector: Services - Data Management ▣ Overview: Ocean Protocol is an ecosystem for sharing data and services. It provides a tokenized service layer that exposes data, storage, compute and algorithms for consumption with a set of deterministic proofs on availability and integrity that serve as verifiable service agreements. There is staking on services to signal quality, reputation and ward against Sybil Attacks. Ocean Protocol helps to unlock data, particularly for AI. It is designed for scale and uses blockchain technology that allows data to be shared and sold in a safe, secure and transparent manner. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.00001175 ₿ ▣ 24HVol: 3.792 ₿ ▣ 24H Chng: 4.074% ▣ 7-Days Chng: -10.89% ▣ 1-Month Chng: -19.42% ▣ 3-Months Chng: -7.29% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.00001184 | 0.0000121 | 0.00001257 ◢ Support: 0.00001137 | 0.00001116 | 0.00001069 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -6.49 ▣ Last 90D: -0.27 ▣ Last 1-Y: 0.92 ▣ Last 3-Y: 0.44 ◲◰ Volatility : ▣ Last 30D: 0.47 ▣ Last 90D: 0.82 ▣ Last 1-Y: 1.06 ▣ Last 3-Y: 1.32 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.53 - Bullish ▣ Reddit sentiment score is 0.70 - Bullish ▣ In-depth OCEANBTC technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
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by Crypto2AF
OCEANUSD - an upsite is limitedHello traders, Let's review OCEANUSD 1D chart. OCEAN still looks bullish and we expect a bit more upside, however it's limited now. It's not the best entry for fresh longs therefore we look for a short position soon as buyers will be taking profit and exiting their longs. - Our strategy is to acccumulate short between 0,465 - 0,50 usd - Target for shorts: 0,2620 usd - Please hit the like button and leave a comment to show your support ! Good luck!
OShort
by vf_investment
5
OCEAN Protocol Trend ContinuationOCEAN Protocol currently exhibits the potential for a trend continuation of its bullish momentum, suggesting the possibility of further upward movement in the near term. The price action indicates ongoing buying pressure and positive market sentiment, indicating a potential continuation of the upward trend. Considering the potential trend continuation, a price target of $0.38 could be set for Ocean Protocol. This target represents the projected upside that could be achieved if the bullish trend persists. Looking forward to read your opinion about it.
OLong
by TopgOptions
Ocean Performig bull flag pattern What is a bull flag? How to identify a bullish flag on forex charts   Bull flag trading strategy How reliable is the bull flag? Bull flag vs bear flag HOW TO IDENTIFY A BULLISH FLAG ON Crypto Charts It can be complex identifying a bull flag on a chart because the pattern entails several different components. Traders will need to correctly identify and understand these components to trade this pattern successfully. Key things to look out for when trading the bull flag pattern are: Preceding uptrend (flag pole) Identify downward sloping consolidation (bull flag) If the retracement becomes deeper than 50%, it may not be a flag pattern. Ideally, the retracement ends at less than 38% of the original trend Enter at bottom of the flag or on the breakout above the high of the upper channel boundary Look for price to break higher with a length potentially equal to the size of the flag pole
OLong
by UnknownUnicorn26572303
Surfing the High Tides: A Detailed Analysis of OCEANThe cryptocurrency market is no stranger to volatility. The past 24 hours has seen Ocean Protocol (OCEAN), a blockchain-based ecosystem that allows sharing and selling of data services, rise by approximately 20%. This significant move makes OCEAN one of the noteworthy performers in the crypto market today. But, as experienced traders know, what goes up can also come down. Let's delve into some technical analysis to decipher what these movements mean and what might be on the horizon for OCEAN. Using the one-hour chart for our analysis, we're seeing some interesting dynamics at play. The zero Fibonacci level is coming in at 0.3264, with the half-level touching at 0.3407, and the first level peaking at 0.355. The Fibonacci retracement levels are key markers used by traders to identify potential levels of support and resistance. In the short-term, we're seeing the upper Bollinger band at 0.3414, the middle at 0.3339, and the lower one indicating 0.3260. Bollinger bands are used to gauge volatility and price levels that are potentially overbought or oversold. A look at the RSI (Relative Strength Index) shows a reading of 63, suggesting that OCEAN is neither in overbought nor oversold territory. This indicator can often signal potential reversals when it breaches levels of 30 (oversold) and 70 (overbought). Delving deeper into volume analysis, we see the OBV (On-Balance Volume) indicator is showing a significant 526 million. The OBV provides us with a cumulative total of volume adjusted depending on price movements. It can be a useful tool to confirm the strength of a trend, with rising OBV typically supporting an ongoing bullish trend. Moreover, the MACD (Moving Average Convergence Divergence), a trend-following momentum indicator, stands at 0.0077, confirming the current bullish bias. The EMA (Exponential Moving Average) with a length of 50, currently at 0.3161, serves as a dynamic level of support or resistance and indicates the overall trend direction. As the price remains above the EMA, it can be considered a bullish sign. Shifting the analysis to a four-hour time frame, the zero level of Fibonacci is indicating 0.3558, the middle Fibonacci level is 0.2983, and the first level is 0.2408. This analysis offers a broader perspective on the price action, reaffirming the upward momentum. To conclude, the current indicators suggest continued bullish pressure for OCEAN. But, given the inherent unpredictability of the cryptocurrency market, these signals should be used as part of a more comprehensive trading strategy. Traders should stay alert to market changes and adapt their strategies accordingly. Always remember, in the world of cryptocurrency, education and vigilance are your most trusted allies. Happy trading!
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by ShawnMCR
7