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 🌹
Oceanprotocol
Ocean 1D Protracted consolidation is highly probable.Ocean protocol is working on data monetization in the blockchain industry.
To achieve the targets of the project, Ocean protocol plans to create efficient trading platforms.
One of these platforms, Ocean protocol, together with Balancer Labs, launched in beta version two weeks ago and named Ocean market.
Ocean trading history was back to the beginning of Q2. 2019, however, they began to accumulate the coin in 1Q. 2020, 2-7 cents each.
After only 5 months. Ocean could already be sold 10-30 times more expensive.
Binance started trading at its highs this year.
Then the Ocean coin only fell and fell 3 times in price.
Now it is worth considering 2 scenarios for the development of events:
1. The price is in the consolidation triangle and will move within it for a long time.
2. Fixing above $0.72 will open the way for growth to the region $1.
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#creativity #learningsOCEAN: Looking for respect along .618 (highlighted) before we see an explosion.
Just an idea.
OCEAN Not Done Pumping Yet?My Fellow Crypto Traders,
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✳️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"
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 Protocol/USDT (27/10) #OCEAN $OCEAN #OCEANUSDTOCEAN is going in the Megaphone pattern and it is trying to break the top edge. If this pattern breaks, the heading target will be the $0.75 zone.
📈BUY- LONG Strategy
- Wait to retest the $0.45 zone
- Wait for the $0.55 zone to be broken
📉SELL-SHORT Strategy
- Selling at the $0.55 zone, OCEAN was rejected and this is the hardest resistance that OCEAN needs to overcome. Here exists a strong selling force.
- Sold at the $0.75 zone
♻️BACK-UP Plan
- Sell if the area is $0.45
- Buy back at the $0.3 zone
OCEAN = range till after election. Then 1 dollar I think Ocean will range 5- 10 cents and then move hard north within a week after the election .
Ceo hinted maybe some news announcements and V3 coming . I also am expecting huobi and coinbase too.
Ocean/usdt retest previous trendline resistanceOcean/usdt after break trendline resistance it turned to trend support and retesting it now
If the price close daily above trend and above green area (horizontal support) that will be a good buy
And high potential it can hit red color price (targets) above
This is not financial advice
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Ocean ready for the next leg up .50 min I feel ocean has consolidated over the last month and is ready to make a recover past .50
I think we could go way higher depending on news, V3 and exchanges that look like they are all coming soon.
OCEAN is turning on. OCEANUSDOCEAN Protocol Token is an altcoin with some interesting potential. 1-2 1-2 as you can see here, I believe this to be in line of a start of a new impulse. I am right, we are starting Wave 3. Again to early to call Fib Goals, but that is just around the corner. Not financial advice - do your own research.
Major Ocean BUY Opportunity @ .188I've used multiple time frames, indicators, and analysis to come to this conclusion.
We were heavily due for a market correction and if BTC fails to make newer highs, ALL Alts will suffer with it, no matter the fundamentals. Ocean has great fundamentals and so I would recommend you buy between the ranges of .20 - .18
As for my reasoning on the pullback, not only is the entire crypto market losing steam, but we are also experiencing some effects of the overall market health and the US Economy. If the Fed fails to print more dollars and soon, I believe the stock market will begin to tumble again and that the entire crypto market will tumble with it.
Ocean is now below the cloud on the daily Ichimoku. It is also below the Tenkan and Kijun lines. Overall, we've failed to make a higher high and we've printed a lower high. A retrace would only be healthy for this market before climbing to newer highs.
I'm LONG over the long term and SHORT during the short term.