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.
OCEANUSD trade ideas
OCEAN with a LOUD Trend Reversal Signal - Path to $1.19 beginsOcean plays perfectly to the fibs of its initial run back in May.
The nasty wick from 10/5 perfectly hit the .236 fib signifying a reversal in trend. I'm expecting a double bottom in the coming days with a strong bounce near the .382. Road to the 1.618 begins.
OCEAN BULLSBullish look for ocean here.
The last two times the Stoch RSI crossed on the weekly, it proceeded to make a 500-1000% run up.
Don't expect this time to be any different.
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 Undervalued? Potential Long Awaits!My Fellow Crypto Traders,
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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.
OCEAN set up past retrace to .20 support.I see.a short retrace to 0.2000 support with a strong move upwards.
Ocean new coin listing Looking for patterns for upside potential on this new listing. If support is respected and resistance is cleared we buy.
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.
Ocean Protocol Cup & Handle Pattern inminent?I have seen the formation of posible cup & handle pattern.
If the price break above it, we might enter in long. The target of this trade would be at 0,154 $ with a Stop Loss at 0.047$.
Risk/reward ratio:1.55
Potential huge inverse head and shoulder pattern on OCEAN !Ocean has huge upside potential in the coming weeks according to TA. Price action could lead to a second breakout. Assets that break out a second time their higher resistances have statistically higher chance of continuing doing so. The inverse head and shoulder is very deep hence price could explode quickly especially if price consolidate around 7cents with reduce volatility.
On the fundamental perspective I believe that the current market cap of Ocean (around 20 million) does not reflect it's potential and it's current place in the crypto market.
On a news side, they are releasing their V2 "Compute to Data" which is their biggest step yet Tuesday 19 May. Telegram sources mentioned that some marketplaces are already live with automobiles, logistic and healthcare groups as partners.
Advice:
*Buy now
*Sell if price < 0.048
OCEAN/USD local topLocal top on OCEAN/USD
Reasons:
1) bearish divergence at RSI 70
2) CMF crossing zero line
