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OCEANUSD trade ideas

$OCEAN OCEAN/USD Looking for potential assets that have trading confluence that demonstrate market activity that shows "where the herd has been flocking" In other words the purple box shows the market psychology of where the trading action has been for a while. It just confirmed it broke to the upside out of the triangle starting a new path forward. This tells me that the probability for this breaking through its last resistance barrier and making a new ATH is more likely to happen and shows a good low risk high reward HODL or trade set up! *DISCLAIMER *This is not financial advise, only my own hypothesis and opinions
OLong
by AxeCapp
1
OCEAN poised for a breakout in coming weeksI wanted to share some observations regarding OCEAN. I've started charting it in USD as it gives a better picture on where we are heading. I only use BTC paired charts along with BTC dominance to determine the need to swap profits over to BTC. 1. Symmetrical triangle on the daily. With a bounce off the bottom the last couple of weeks I see a breakout in the next month. 2. Bullish divergence in recent weeks highlighted with the lines drawn. 3. KDJ is green and looks to continue 4. MACD just flipped green 5. Not pictured Ichimoku cloud is green and sitting above the cloud. (Omitted d/t clutter) IMO this is a gorgeous chart. The longer it coils the stronger the breakout. For perspective this triangle will appear tiny later in 2021 as the triangle formations on the left of this chart do. I'll do a follow up with some FIB extensions on where I see OCEAN over the coming months. As a preview the next impulse should put it around $2 and I see a minimum of $10 in the next 12 months.
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by devinlightart
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.
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by RookInvesting