OCEAN/USDT It shows a bullish structure want to break a pattern!💎 Paradisers, #OCEAN is indeed a coin worth monitoring closely.
💎 After bouncing at the demand area following a rejection at the resistance of the ascending triangle, OCEAN's current price action suggests a potential retest of the resistance zone around $1.04 - $1.08.
💎 If OCEAN successfully breaks above this resistance level, it could trigger a bullish momentum, leading to continued upward movement.
💎 A breakout above the resistance of the ascending triangle could propel OCEAN towards the Bearish OB (OB-) or even directly to our target supply zone.
💎 However, if OCEAN fails to break the resistance area, there's a possibility of the price retracing back to the demand area and the support trendline of the ascending triangle pattern.
💎 A breakdown below the support trendline could invalidate the ascending triangle pattern, signaling a bearish trend reversal. In such a scenario, the price may continue downward movement towards the key support area around $0.805 - $0.761.
💎 Historically, the key support area has proven to be strong for OCEAN, with previous bounces observed at this zone. Should OCEAN revisit this area, there's potential for another bounce and a resumption of the upward movement.
💎 However, if the support is breached, confirmed by a daily candle closing below $0.761 - $0.805, it would invalidate the bullish outlook and indicate further downward movement.
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Oceanusdtsignal
OCEAN target 0.712h time frame
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OCEAN created a support zone(0.25~0.29), which is not only the structural support, but also the 0.382 Fib Projection. OCEAN just broke the downtrend line; although this downtrend line is not that standard, but enough to show the resistance performance. So we can set a trading plan with good risk to reward ratio here.
TP: 0.63~0.7
SL: 0.232
OCEANUSDTBINANCE:OCEANUSDT Short idea
⚠️Note:
In this type of signals, only the entry point and trade direction are specified, and stop loss and target are not determined.
If you are interested in entering these signals, please provide a stop loss and a logical market-based target.
⛔"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help.#DYOR"
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#OCEAN BREAKOUT! GETTING READY FOR 80% PUMP!Good day to all. Don't forget to support the idea with a like and follow if you like it.
#OCEAN/USDT Trade setup
OCEAN breakout this symmetrical triangle pattern and currently retesting it according to this pattern we can expect some good bounce if every things goes good.
(Basic knowledge)
A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope. Trend lines that are converging at unequal slopes are referred to as a rising wedge, falling wedge, ascending triangle, or descending triangle.
KEY TAKEAWAYS
Symmetrical triangles occur when a security's price is consolidating in a way that generates two converging trend lines with similar slopes.
The breakout or breakdown targets for a symmetrical triangle is equal to the distance between the initial high and low applied to the breakout or breakdown point.
Many traders use symmetrical triangles in conjunction with other forms of technical analysis that act as a confirmation.
Entry:- CMP
Target:- 50% to 80%
SL:- $0.365
This piece is not intended to be financial advice. Before making an investing choice, always do your own research and speak with a qualified advisor.
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OCEANUSDT Elliott Waves AnalysisHello friends.
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Everything on the chart.
Entry: market and higher
Target: 0.29 - 0.27 - 0.25
after first target reached move ur stop in breakeven
Stop: (depending of ur risk). ALWAYS follow ur RM .
risk is justified
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