OCEAN PROTOCOL - OCEAN/ETH

- ETH (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	OCEANETH
ISIN:

OCEAN PROTOCOL - OCEAN/ETH - Daily - Technical analysis published on 03/29/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

22%

My opinion

Bullish above 0.000350 ETH

My targets

0.000398 ETH (+2.24%)

My analysis

OCEAN PROTOCOL - OCEAN/ETH is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.000350 ETH. The next resistance located at 0.000398 ETH is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.2

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Ralhosni. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The OCEAN PROTOCOL - OCEAN/ETH price is 0.000389 ETH. The price is lower by -3.95% since the last closing and was between 0.000381 ETH and 0.000413 ETH. This implies that the price is at +2.10% from its lowest and at -5.81% from its highest.

0.000381

0.000413

0.000389

A study of price movements over other periods shows the following variations:

Abnormal volumes on OCEAN PROTOCOL - OCEAN/ETH were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of OCEAN PROTOCOL - OCEAN/ETH in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Moving Average bearish crossovers : AMA20 & AMA50

Type : Bearish

Timeframe : Daily

In fact, 13 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	0.000291	0.000312	0.000350	0.000389
Change (%)	-25.19%	-19.79%	-10.03%	-
Change	-0.000098	-0.000077	-0.000039	-
Level	Minor	Major	Intermediate	-

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.000315	0.000344	0.000374	0.000403	0.000433	0.000462	0.000492
Camarilla	0.000389	0.000394	0.000400	0.000405	0.000410	0.000416	0.000421
Woodie	0.000317	0.000344	0.000376	0.000403	0.000435	0.000462	0.000494
Fibonacci	0.000344	0.000366	0.000380	0.000403	0.000425	0.000439	0.000462

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.000233	0.000258	0.000289	0.000314	0.000345	0.000370	0.000401
Camarilla	0.000304	0.000309	0.000314	0.000319	0.000324	0.000329	0.000334
Woodie	0.000235	0.000260	0.000291	0.000316	0.000347	0.000372	0.000403
Fibonacci	0.000258	0.000280	0.000293	0.000314	0.000336	0.000349	0.000370

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.000089	0.000132	0.000192	0.000235	0.000295	0.000338	0.000398
Camarilla	0.000223	0.000232	0.000242	0.000251	0.000260	0.000270	0.000279
Woodie	0.000097	0.000136	0.000200	0.000239	0.000303	0.000342	0.000406
Fibonacci	0.000132	0.000172	0.000196	0.000235	0.000275	0.000299	0.000338

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	67.72
MACD (12,26,9):	0.0000
Directional Movement:	29.166780
AROON (14):	78.571429
DEMA (21):	0.000366
Parabolic SAR (0,02-0,02-0,2):	0.000296
Elder Ray (13):	0.000051
Super Trend (3,10):	0.000293
Zig ZAG (10):	0.000388
VORTEX (21):	1.1431
Stochastique (14,3,5):	60.07
TEMA (21):	0.000373
Williams %R (14):	-41.71
Chande Momentum Oscillator (20):	0.000064
Repulse (5,40,3):	0.3710
ROCnROLL:	1
TRIX (15,9):	1.0195
Courbe Coppock:	34.23

MA7:	0.000355
MA20:	0.000326
MA50:	0.000279
MA100:	0.000238
MAexp7:	0.000364
MAexp20:	0.000332
MAexp50:	0.000291
MAexp100:	0.000259
Price / MA7:	+9.58%
Price / MA20:	+19.33%
Price / MA50:	+39.43%
Price / MA100:	+63.45%
Price / MAexp7:	+6.87%
Price / MAexp20:	+17.17%
Price / MAexp50:	+33.68%
Price / MAexp100:	+50.19%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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