Ocean Protocol to test ATH levels 30%+ Gain Ocean Protocol is looking to test new ATH levels 30% Gain to the 127.20% Fibonacci level. From the current price level we can expect a test of the previous ATH @ $1.70 which is a 13% gain from the current price level 19/03/21. Stochastics show an extremely overbought market and we can expect a healthy retracement after testing the previous ATH $1.70 reached on 07/03/21 back to the 61.80% Fibonacci as traders take profit and the bulls take a small breather before continuing the current push back to the 127.20% Fibonacci level, from the 61.80% there is a potential 44% Gain to new ATH level @ $1.95. Be patient and use buy zone to map out a good sniper entry, Ocean has not tested the 200 SMA since the beginning of its parabolic move on the 1st March and a retracement is still possible, but not to say this will happen as this cryptocurrency is gaining a lot of attention from investors and an increasing number of capital inflows into the project with some great new partnerships such as the Polygon partnership (Previously known as Matic Network). Furthermore if we fail to test these ATH levels expect further retracement and it is possible to test the range between the 50%-38.20% Fibonacci Levels. Here we would look to accumulate more coins by dollar cost averaging from the position at Buy Zone 1. Happy trading :)
Key Notes on Ocean Protocol:
Ocean Protocol is 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 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.
How does Ocean Protocol work?
Ocean Protocol is at once a business, technical and governance framework that is interwoven together to allow data and services to be shared and sold in a secure manner.
Ocean Protocol stores metadata, links to data, provides a licensing framework and has toolsets for pricing.
A multitude of data marketplaces can hook into Ocean Protocol to provide “last mile” services to connect data providers and consumers.
Ocean Protocol is designed so that data owners cannot be locked-in to any single marketplace. The data owner controls each dataset.
What problem does Ocean Protocol solve?
Ocean Protocol unlocks data so it can be used productively.
The world’s data is growing exponentially yet is massively under-utilized.
Most companies have tremendous amounts of data but have difficulty exploiting it. Conversely, many others are starving for data, particularly in AI.
Ocean Protocol allows data providers to share data while maintaining control and having transparency.
See video link below for more information on Ocean Protocol:
www.youtube.com
Oceanbitcoin
OCEAN long confirmation 31/01/2021as we ca see the price has already touched the 161.8% Fibonacci projection and it is called as extension zone and it can be interpreted as a good long confirmation
please comment your opinions
#OCEANBTC #4HHi guys..its the latest analyze chart of #OCEANBTC in #4H time frame(folowers Requested analysis) .if you are interested any crypto that you want analyze with me and any questions please do not hesitate and comment below the chart!
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OCEAN / USDT 🌊OCEAN / USDT
🌟 TECHINCAL ANALYSIS 🌟
After break major trendline resistance (red) on 24 october
Ocean give us nice Profit in past
And achieved all targets
You can see here my previous call
Now :
Recently it formed small falling wedge (violet)
Dropped from it during btc dump
to its strongest support
(Weekly support around 0.3850-0.4000$ )
The RSI also is bullish and on the bottom
But ocean need to stable above weekly support for next days if that happens
We could see nice impulses to next resistance in chart
As i said we still need more Bullish signs at support area if looking for entery or break resistance
If you are already in long term then that weekly support shouldn't be broken
Good luck and happy trading 🌹
✳️OCEAN Protocol/BTC (6/11) #OCEAN $OCEAN #OCEANBTCThe 3000sts zone has always been an important area since there is always a significant buying force when OCEAN approaches this zone, so we should pay attention to this zone.
Currently, the 4000sts area is the area that has inhibited the price increase of OCEAN since September, so keep an eye on this area.
The 5000sts zone is the ceiling price we should always sell here
📈BUY- LONG Strategy
- Buy close to 2900-3000sts. Stoploss if B
📉SELL-SHORT Strategy
- Sell close to 3900-4000 if B. Stoploss if A
- Sell close to 4900-5000 if B. Stoploss if A
♻️BACK-UP Plan
- Sell close to 2900-3000sts if B. Stoploss if A
- Buy close to 1900-2000sts if A. Stoploss if B
❓Details:
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"