OCEAN PROTOCOL - OCEAN/USDT - Daily - Technical analysis published on 07/28/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 0.159467 USDT
My targets
0.198700 USDT (+14.86%)
My analysis
The bullish trend is currently very strong on OCEAN PROTOCOL - OCEAN/USDT. As long as the price remains above the support at 0.159467 USDT, you could try to benefit from the boom. The first bullish objective is located at 0.198700 USDT. The bullish momentum would be boosted by a break in this resistance. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8
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This analysis was given by Addareea. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The OCEAN PROTOCOL - OCEAN/USDT price is 0.173000 USDT. On the day, this instrument lost -5.46% and was traded between 0.164000 USDT and 0.185000 USDT over the period. The price is currently at +5.49% from its lowest and -6.49% from its highest.0.164000
0.185000
0.173000
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by OCEAN PROTOCOL - OCEAN/USDT:
Technical
A technical analysis in Daily of this OCEAN PROTOCOL - OCEAN/USDT chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.072474 | 0.100000 | 0.128800 | 0.173000 | 0.198700 |
| Change (%) | -58.11% | -42.20% | -25.55% | - | +14.86% |
| Change | -0.100526 | -0.073000 | -0.044200 | - | +0.025700 |
| Level | Major | Intermediate | Minor | - | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.125000 | 0.136600 | 0.159800 | 0.171400 | 0.194600 | 0.206200 | 0.229400 |
| Camarilla | 0.173430 | 0.176620 | 0.179810 | 0.183000 | 0.186190 | 0.189380 | 0.192570 |
| Woodie | 0.130800 | 0.139500 | 0.165600 | 0.174300 | 0.200400 | 0.209100 | 0.235200 |
| Fibonacci | 0.136600 | 0.149894 | 0.158106 | 0.171400 | 0.184694 | 0.192906 | 0.206200 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.030333 | 0.069867 | 0.119933 | 0.159467 | 0.209533 | 0.249067 | 0.299133 |
| Camarilla | 0.145360 | 0.153573 | 0.161787 | 0.170000 | 0.178213 | 0.186427 | 0.194640 |
| Woodie | 0.035600 | 0.072500 | 0.125200 | 0.162100 | 0.214800 | 0.251700 | 0.304400 |
| Fibonacci | 0.069867 | 0.104094 | 0.125240 | 0.159467 | 0.193694 | 0.214840 | 0.249067 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.043033 | 0.054567 | 0.063653 | 0.075187 | 0.084273 | 0.095807 | 0.104893 |
| Camarilla | 0.067070 | 0.068960 | 0.070850 | 0.072740 | 0.074630 | 0.076520 | 0.078411 |
| Woodie | 0.041810 | 0.053955 | 0.062430 | 0.074575 | 0.083050 | 0.095195 | 0.103670 |
| Fibonacci | 0.054567 | 0.062444 | 0.067310 | 0.075187 | 0.083064 | 0.087930 | 0.095807 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 61.19 | |
| MACD (12,26,9): | 0.0227 | |
| Directional Movement: | 31.252042 | |
| AROON (14): | 35.714285 | |
| DEMA (21): | 0.174328 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.128703 | |
| Elder Ray (13): | 0.016638 | |
| Super Trend (3,10): | 0.101700 | |
| Zig ZAG (10): | 0.173000 | |
| VORTEX (21): | 1.0479 | |
| Stochastique (14,3,5): | 71.66 | |
| TEMA (21): | 0.184943 | |
| Williams %R (14): | -28.02 | |
| Chande Momentum Oscillator (20): | 0.065000 | |
| Repulse (5,40,3): | 6.7851 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 2.8787 | |
| Courbe Coppock: | 100.02 |
| MA7: | 0.176114 | |
| MA20: | 0.142505 | |
| MA50: | 0.103631 | |
| MA100: | 0.086742 | |
| MAexp7: | 0.169204 | |
| MAexp20: | 0.145609 | |
| MAexp50: | 0.115713 | |
| MAexp100: | 0.094626 | |
| Price / MA7: | -1.77% | |
| Price / MA20: | +21.40% | |
| Price / MA50: | +66.94% | |
| Price / MA100: | +99.44% | |
| Price / MAexp7: | +2.24% | |
| Price / MAexp20: | +18.81% | |
| Price / MAexp50: | +49.51% | |
| Price / MAexp100: | +82.83% |
Quotes :
2020-07-28 20:58:59
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Real time data
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