$OCEAN going up!! I see $OCEAN continuing to make its way upwards, still relatively small MC and amazing news coming out.
Aside from the bullish news, the Green Boxes are the same timeframe in Dec/Jan each year. I am expecting to see $OCEAN perform consistently well in Q1 and Q2 and sometime catch a nice wave above $10 before end of Q2 2022.
OCEANETH
OCEAN / USDT 🌊OCEAN / USDT
🌟 TECHINCAL ANALYSIS 🌟
After break major trendline resistance (red) on 24 october
Ocean give us nice Profit in past
And achieved all targets
You can see here my previous call
Now :
Recently it formed small falling wedge (violet)
Dropped from it during btc dump
to its strongest support
(Weekly support around 0.3850-0.4000$ )
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 - 60% Bullish/40% Bearish. Waiting on Retest at .37Well folks,
Get ready for some volatility.
Elections are just around the corner (tomorrow). We just had the monthly close on Bitcoin which is bullish, but I expect there to be a bit of a bearish move up until the elections tomorrow and through Wednesday in either direction.
There is a slight chance that Ocean may never retest the trend line (painted in black) again, but I doubt it.
The reason I believe we will see the prices ranges of .37 - .41 again is because we have failed to paint a higher high on the charts. Strength is weakening (even with all of the bullish news) and major investors are moving into assets like cash until the election results are in.
To add to my short-term bearish bias, On the 4-hour chart, we are painting a Head and Shoulders pattern. It's important to remember that a head and shoulders pattern isn't complete UNTIL we break down below the range and hold on a candle (not a wick). So just because it looks like it's forming the pattern doesn't mean we are bearish just yet. I've seen these patterns turn around often and wreck novice traders.
That said, I'm almost certain we will test the trend line again.
At which point my bias leans bullish because this has been the trend all along. And I don't like to bet against trends unless I like to lose money.
If we do however break down below the trend, my next targets will be .24 and next .17.
I will be a big buyer of ocean then.
If we never reach those lows, I won't mind. Either way I will be stacking in buys through the trend-line from .41 - .37.
I don't think at any of these prices we can lose long term. Happy trading my friend.
OCEAN/BTC (Pullback to Previous Resistance?)💎Technical Analysis Summary💎
BINANCE: OCEANBTC
-OCEAN has been performing well despite the recent strong uptrend of BTC Dominance
-The price today may have found its temporary top resistance
-It will likely to retest its key level of support around 3200s sat
-OCEAN must hold this zone in order to continue its potential uptrend continuation
-Wait for any Bullish price reaction within the key zone for a few days
-Before making your decision to enter this trade as the market is at high-risk for Altcoins
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