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Ocean

Head & Shoulders pattern possibly playing outGolden Ocean had quite a run from lows in March 2020 to late May 2022 of +490%. Since then stock is down approx 40%. We now have this H&S pattern on weekly chart which signals a change in trend and also a possible Death Cross on daily chart in the making. Technicals are bearish and fundamentals are not looking great with Chinas economy slowing down and consuming less. Spot rates have nosedived and dry bulk sentiment is ‘worst it has been in many years’. Short positions are currently at 2,52%. Conservative target: nkr 74 Pattern target: nkr 59 Good luck!
OSL:GOGLShort
by Zolly
2
OCEAN/USDT: bullish view invalidated - Turn Neutral---- Mid-term Analysis for the next coming 4 weeks to 3 months - Daily on Daily Chart (LOG)------- OCEAN/USDT: bullish view invalidated - Turn Neutral Context - The Global Crypto market leads by BTC and ETH reversed a new bullish trend - OCEAN for now is still underperforming ETH - Previous bullish view invalidated - Turn Neutral between 0,2150 and 0,1480 Previous Analysis 12/08/2022 : Market configuration - Graphical Elements : Graphical Resistance = 0,2150 & 0,7280 Graphical Support = 0,1480 - Mathematical Indicators: EMA ( Exp Moving averages) are now resistance = Bearish RSI indicator (below) is now below 50% - but Moving average still at 50% = Neutral - Elliot & Harmonic Wave (Fibonacci): Fibonacci Target (c) (B) has been already reached = 0,1480 Fibonacci resistance of the wave in progress = 0,2150 Fibonacci Bearish Target = 0,1480 / 0,0860 Fibonacci Bullish Target = 0,3410 / 0,5180 / 0,7280 (auto-similar move) Conclusion Neutral view (Mixed elements) : On current level the direct bullish dynamic has been invalidated - We turn Neutral between 0,1480 and 0,2150, only a break of those level would provide a clear directional conclusion NOTE : OCEAN invalidate the direct bullish scenario and continue to underperform the ETH - We advise to do not keep OCEAN in portfolio.
O
by JeanJean1983
OCEAN/USDT: Reversed up above key support at 0,1480---- Mid-term Analysis for the next coming 4 weeks to 3 months - Daily on Daily Chart (LOG)------- OCEAN/USDT: Reversed up above key support at 0,1480 as expected Context - The Global Crypto market leads by BTC and ETH reversed a new bullish trend - OCEAN for now is still lagging versus ETH - We are watching at 0,3410 area to bypassed to extend the bullish recovery in progress (in parallel of 2170 ETH) - Watch 0,1780 as key support Previous Analysis 09/06/2022 : Market configuration - Graphical Elements : Graphical Resistance = 0, 3410 & 0,7280 Graphical Support = 0,1480 - Mathematical Indicators: EMA ( Exp Moving averages) are now support at 0,2080 = Bullish / Neutral RSI indicator (below) is now above 50% with room to the upside = Bullish - Elliot & Harmonic Wave (Fibonacci): Fibonacci Target (c) (B) has been already reached = 0,1480 Fibonacci resistance of the wave in progress = 0,3410 Fibonacci support of the wave (2) = 0,1780 Fibonacci Bullish Target = 0,7280(auto-similar move) Conclusion Preferred case => As long as 0,1780 remains support we are looking to buy the dip in the buying area in order to test and then surpass 0,3410 (corresponding t 2170 ETH), before opening a further rise towards 0,5180 in a first step
OLong
by JeanJean1983
OCEAN targets till December 2022BINANCE:OCEANUSDT ✅Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it. Thank you. Same chart like almost all altcoins! 491 day in downtrend. Came in investments zone -0.27. Daily timeframe Possible Targets ➡️ Probably by end of September or earlier we can see bear out downtrend line and find a rejection on red box sellers zone ➡️ If we test it this zone above the next target will be target around 0.06-0.08 Cents where we can again going down to test sellers zone like support area. ➡️Almost like usual new full bull run we can see by middle of Winter or beginning of spring 2023. Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. * Look at my ideas about interesting altcoins in the related section down below ↓ * For more ideas please hit "Like" and "Follow"!
OLong
by Crypto4light
#Ocean / #Usdt Analysishello? Traders, welcome. If you "follow", you can always get new information quickly. Please also click "Like". Have a nice day!. ---------------------------------------------------------------------------------------------------------------- Notes related to this analysis : - The downtrend is breaking - The downtrend of the rsi line is also breaking - Also, Macdi is crossing upward in different time frames ---------------- The chart of Ocean per Bitcoin :
OLong
by alirezanaderiTrading
OCEANUSD broke above its 1D MA50 but remains bearish for nowOcean Protocol (OCEANUSD) broke today above the 1D MA50 (blue trend-line) for the first time since April 24. Still, this is not the time to turn bullish, not even on the medium-term, as the pattern since the December 01 2021 High has been a Bearish Megaphone. As long as the price trades below the pattern's Lower Highs (top) trend-line, it is more likely to see a rejection back towards the 0.15800 Support and if broken, the 4.0 Fibonacci extension. This is because ever Lower Low of the pattern was near or below a +1.0 Fib progression. On top of that, the 1D RSI is approaching the overbought 70.00 level. If you are looking for a long-term buy, it would be best to wait until we close a candle above the 1D MA200 (orange trend-line). The coin has been trading below that trend-line since January 20 and in fact we had a clear rejection on it on March 21. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
O
by TradingShot
1
OCEAN/USDT: Buying area reached, Direct rise expected---- Mid-term Analysis for the next coming 4 weeks to 3 months - Daily on Daily Chart (LOG)------- OCEAN/USDT: Buying area reached, Direct rise expected Context - The Global Crypto market leads by BTC and ETH is still evolving within a bearish market configuration. Like the others digital assets OCEAN suffered about negative global market situation - However we are focus on a key buying area now on this coin and we expect a fast and quick recovery regarding technical element Market configuration - Graphical Elements : Graphical Resistance = 0,40 & 1,28 Graphical Support = n/a - Mathematical Indicators: EMA ( Exp Moving averages) are slowing their downside acceleration, the faster one is support, the slower one is still resistance = Neutral RSI indicator (below) is bouncing off key support and is challenging 50% - there is no divergence on current level = Bullish/Neutral - Elliot & Harmonic Wave (Fibonacci): Fibonacci Target (c) (B) has been already reached = 0,19 Fibonacci resistance of the wave in progress = 0,40 & 0,74 Fibonacci support of the wave (c) (B) (max extension) = 0,1480 Fibonacci Bullish Target = 1,28 (auto-similar move) Conclusion Preferred case => Regarding the mid-term element, OCEAN is offering the perfect entry area for a mid-term portfolio configuration in order to anticipate a bullish exit towards 0,74 and 1,28 as long as 0,1480 remains support - 0,40 is an important short-term level, it is acting as upside confirmation level to lower the risk of a last downleg (No divergence on RSI)
OLong
by JeanJean1983
1
📊 OCEAN pumped 25% today. What's next?Hello, dear TradingView members. This idea is an OCEAN analysis. Today OCEANUSDT made a 25% pump in the past 24 hours. Before we FOMO and buy or sell, let's see what possible scenarios. RSI crossed the border to 75 and showed overbought signals, and now it has pulled back into the range. Usually, when this happens, the price pulls back down. But since the price is moving on a support/resistance area, we might experience consolidations here. Scenario one: A breakout: If the price consolidates in this key area and gathers enough buy volumes, we might have enough strength to retest the resistance level. Scenario two: A fake-out: After a few hours of consolidations, the price will drop after this 25% pump. The Bollinger Bands are closing back down, another sign of consolidation and sideways moves. The Speedometer indicator shows Neutral volumes on the market for OCEAN on a 1D interval. Let me know if you guys have any questions; I will be more than happy to help. Good luck, and thank you.
O
by ShawnMCR
13
Ocean Protocol (OCEAN) Buy ZoneOcean Protocol (OCEAN) Buy Zone -------------------- BIAS Mid-Term : Bullish Risk : Medium Short term scenario has become neutral with our latest $BTC and $ETH move down, Ocean Protocol has reached mid-term support zone which is possible to reversal. -------------------- $OCEAN/USDT LONG SETUP Leverage : x3 - x5 Entry Price : 0.45 - 0.43 TP 1 : 0.46 TP 2 : 0.472 TP 3 : 0.491 TP 4 : 0.505 TP 5 : 0.518 TP 6 : 0.5345 TP 7 : 0.538 TP 8 : 0.5625 Stop Loss : 0.415 *Maximum 3% of Portfolio. *Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry. --------------------
OLong
by Zerene