OCEANUSDT - Strong consolidation, expect joining ATH club soon. OCEAN USD is consolidating since 15th August 2020.
The all-time high of around 74 cents is yet to be broken.
The market is nicely set up to take on the ATH in the short term.
The increasing volume since December shows that the project is in the interest of investors and 0.63 Fibonacci line
was tested on 19th January and it has set higher high and higher low in the last two swings.
The break above 73 cents in the next week or so clearly confirms that OCEAN USD is going out of control.
1.68 Fibonacci line is inevitable at this point. Considering how the market is moving for alts, I would not be surprised if it does a 4x in the next 3-4 months.
However, I will personally start taking profits starting around $1.1 USD and wait for a rebound from Fibonacci (1) line after hitting the target.
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As always just my personal opinion considering the market conditions, not investment advice.
Thank you for your time.
Good luck trading.
Stay safe and sleep well.
Will follow up with the updates as we go.
OCEANUSD
OCEAN S/R Flip | Resistance breakoutocean protocol price made really good breakout above the Resistance
S/R flip will happen after bounce from the retest zone you can enter the trade with stop below the 0.41$
wait for price to flip the zone than enter the trade.
$OCEAN/USDT Going over the count I put out last year, the wave up we had from the lows isn't an impulse in my eyes due to no extended wave
So i believe we are in a WXY correction and are currently within the Y wave before we get a bigger correction.
OCEANUSDT - Daily analysis OCEANUSDT is printing a descending triangle pattern on the Daily timeframe.
Price is approaching the descending triangle inclined resistance.
The current minor uptrend is support by an ascending trendline.
Bullish ⬆️ - breakout above the descending triangle inclined resistance.
Bearish ⬇️ - breakdown below the ascending trendline support.
Possible price actions are indicated on the chart.
✳️OCEAN Protocol/USDT (13/11) View + Trading Plan #OCEAN $OCEANOCEAN is facing a strong rejection from the 0.6$ zone and it is heading to the 0.45$ zone. This is a very important zone and OCEAN can bounce back from here and strongly increase in December to the 0.9$ zone
But if the 0.425-0.45$ zone fails to resist the fall of OCEAN, OCEAN will plummet to 0.3$
📈BUY- LONG
-Buy: 0.425-0.45$, stoploss if B
📉SELL-SHORT
-Sell: 0.575-0.6$, stoploss if A
-Sell: 0.9-0.925$, stoploss if A
♻️BACK-UP
-Sell close to 0.425-0.45$ if B, stoploss if A
-Buy: 0.3-0.325$, stoploss if B
❓Details:
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
long OCEAN if the upper trend line is broken and testedlong OCEAN if the upper trend line is broken and tested
OCEANUSDT _ very beautifully drawnPrecondition:
key level 0.40.
press the level.
accumulation before the level.
Two points of purchase.
Set a reminder so you don't miss it.
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ocean time to enter longs$ocean is at a major support area probably its bottom. low risk high reward entry set up. a lot of social buzz on ocean waiting for its major seasonal pump. are u in?
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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✳️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/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 Undervalued? Potential Long Awaits!My Fellow Crypto Traders,
Appreciate you taking the time to view my analysis, in which I hope you may find it beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing.
Also, I’m new to charting game and the crypto/stock space. So, if you have any constructive criticism or tips, please share.
Cheers & Happy Trading!
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ANALYSIS:
OCEAN is significantly undervalued from a fundamentals aspect. With data being the driving force that fuels our economy, OCEAN has carved out a niche that allows for the monetization of data in a decentralized format, which that alone should make you ever so bullish about OCEAN, and its future aspirations.
Currently, OCEAN has been in what I call an accumulation phase between $0.42 to $0.26 . And in my opinion, this is a great entry-level before we see the next cycle of positive price action. Therefore, we could see a correction back down to a region of value, which is from $0.33 to $0.30 . This type of correction would be a healthy correction, thus allowing the next positive price action to break the $0.38 resistance, and continue its hunt to re-test the $0.42 . Watch for both the 9ema and the 20ema to cross the 50ema and 200ema on the 4hr timeframe, which would illustrate the dip that was previously mentioned. And from there, OCEAN should see the positive price action to hopefully break through the $0.38 resistance. Also, on the daily, we are seeing the 9ema looking to cross the 20ema , which could be that bullish sign for OCEAN to re-test the $0.38 resistance. This positive price action is also being confirmed on the Fisher Transform , due to the negative region that we are currently in.
KEY:
White = 4hr timeframe resistance/support
Blue = Region of Value/Pivot
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.