OCEAN PROTOCOL - OCEAN/USDT - 1H - Technical analysis published on 03/10/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 0.337967 USDT
My targets
0.370900 USDT (+6.76%)
0.392280 USDT (+12.92%)
My analysis
The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on OCEAN PROTOCOL - OCEAN/USDT as long as the price remains well above 0.337967 USDT. The buyers' bullish objective is set at 0.370900 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.392280 USDT. If there is any crossing, the next objective would be the resistance located at 0.409700 USDT.
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
0
10
5.9
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Additional analysis
Quotes
The OCEAN PROTOCOL - OCEAN/USDT rating is 0.347400 USDT. On the day, this instrument gained +11.53% and was between 0.285600 USDT and 0.348100 USDT. This implies that the price is at +21.64% from its lowest and at -0.20% from its highest.0.285600
0.348100
0.347400
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by OCEAN PROTOCOL - OCEAN/USDT:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of OCEAN PROTOCOL - OCEAN/USDT in 1H shows an overall slightly bullish trend. Only 60.71% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.304100 | 0.326100 | 0.347200 | 0.347400 | 0.370900 | 0.392280 | 0.409700 |
| Change (%) | -12.46% | -6.13% | -0.06% | - | +6.76% | +12.92% | +17.93% |
| Change | -0.043300 | -0.021300 | -0.000200 | - | +0.023500 | +0.044880 | +0.062300 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.252233 | 0.278167 | 0.294833 | 0.320767 | 0.337433 | 0.363367 | 0.380033 |
| Camarilla | 0.299785 | 0.303690 | 0.307595 | 0.311500 | 0.315405 | 0.319310 | 0.323215 |
| Woodie | 0.247600 | 0.275850 | 0.290200 | 0.318450 | 0.332800 | 0.361050 | 0.375400 |
| Fibonacci | 0.278167 | 0.294440 | 0.304494 | 0.320767 | 0.337040 | 0.347094 | 0.363367 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.262367 | 0.305033 | 0.337967 | 0.380633 | 0.413567 | 0.456233 | 0.489167 |
| Camarilla | 0.350110 | 0.357040 | 0.363970 | 0.370900 | 0.377830 | 0.384760 | 0.391690 |
| Woodie | 0.257500 | 0.302600 | 0.333100 | 0.378200 | 0.408700 | 0.453800 | 0.484300 |
| Fibonacci | 0.305033 | 0.333913 | 0.351754 | 0.380633 | 0.409513 | 0.427354 | 0.456233 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.074867 | 0.199133 | 0.324467 | 0.448733 | 0.574067 | 0.698333 | 0.823667 |
| Camarilla | 0.381160 | 0.404040 | 0.426920 | 0.449800 | 0.472680 | 0.495560 | 0.518440 |
| Woodie | 0.075400 | 0.199400 | 0.325000 | 0.449000 | 0.574600 | 0.698600 | 0.824200 |
| Fibonacci | 0.199133 | 0.294481 | 0.353386 | 0.448733 | 0.544081 | 0.602986 | 0.698333 |
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): | 62.84 | |
| MACD (12,26,9): | 0.0060 | |
| Directional Movement: | 15.816352 | |
| AROON (14): | 71.428572 | |
| DEMA (21): | 0.327727 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.315449 | |
| Elder Ray (13): | 0.016032 | |
| Super Trend (3,10): | 0.313575 | |
| Zig ZAG (10): | 0.344500 | |
| VORTEX (21): | 1.1569 | |
| Stochastique (14,3,5): | 89.35 | |
| TEMA (21): | 0.338170 | |
| Williams %R (14): | -3.81 | |
| Chande Momentum Oscillator (20): | 0.046000 | |
| Repulse (5,40,3): | 3.2113 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0298 | |
| Courbe Coppock: | 22.34 |
| MA7: | 0.360229 | |
| MA20: | 0.417990 | |
| MA50: | 0.387670 | |
| MA100: | 0.276928 | |
| MAexp7: | 0.334237 | |
| MAexp20: | 0.322562 | |
| MAexp50: | 0.325589 | |
| MAexp100: | 0.340121 | |
| Price / MA7: | -3.56% | |
| Price / MA20: | -16.89% | |
| Price / MA50: | -10.39% | |
| Price / MA100: | +25.45% | |
| Price / MAexp7: | +3.94% | |
| Price / MAexp20: | +7.70% | |
| Price / MAexp50: | +6.70% | |
| Price / MAexp100: | +2.14% |
Quotes :
-
Real time data
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Cryptocompare
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