OCEAN PROTOCOL - OCEAN/USD - 1H - Technical analysis published on 07/23/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
28%
44%
28%
My opinion
Bearish under 0.183590 USD
My targets
0.173649 USD (-3.25%)
0.166080 USD (-7.47%)
My analysis
The bearish basic trend is very strong on OCEAN PROTOCOL - OCEAN/USD but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 0.183590 USD. Crossing the first support at 0.173649 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 0.166080 USD as an objective. Caution, a return to above the resistance located at 0.183590 USD would be a sign of a possible consolidation phase of the short-term basic trend. 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, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.9
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
OCEAN PROTOCOL - OCEAN/USD rating 0.179482 USD. The price is lower by -0.15% since the last closing and was traded between 0.175583 USD and 0.184856 USD over the period. The price is currently at +2.22% from its lowest and -2.91% from its highest.0.175583
0.184856
0.179482
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of OCEAN PROTOCOL - OCEAN/USD indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
The Central Indicators scanner found no further results concerning independent technical indicators.
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.166080 | 0.173649 | 0.178998 | 0.179482 | 0.183590 | 0.189327 | 0.195642 |
| Change (%) | -7.47% | -3.25% | -0.27% | - | +2.29% | +5.49% | +9.00% |
| Change | -0.013402 | -0.005833 | -0.000484 | - | +0.004108 | +0.009845 | +0.016160 |
| Level | Major | Intermediate | Minor | - | 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 | 0.160768 | 0.168441 | 0.174094 | 0.181767 | 0.187420 | 0.195093 | 0.200746 |
| Camarilla | 0.176081 | 0.177303 | 0.178525 | 0.179746 | 0.180968 | 0.182189 | 0.183411 |
| Woodie | 0.159757 | 0.167936 | 0.173083 | 0.181262 | 0.186409 | 0.194588 | 0.199735 |
| Fibonacci | 0.168441 | 0.173532 | 0.176677 | 0.181767 | 0.186858 | 0.190003 | 0.195093 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.110397 | 0.128948 | 0.150264 | 0.168815 | 0.190131 | 0.208682 | 0.229998 |
| Camarilla | 0.160616 | 0.164270 | 0.167925 | 0.171579 | 0.175234 | 0.178888 | 0.182542 |
| Woodie | 0.111779 | 0.129639 | 0.151646 | 0.169506 | 0.191513 | 0.209373 | 0.231380 |
| Fibonacci | 0.128948 | 0.144178 | 0.153586 | 0.168815 | 0.184045 | 0.193453 | 0.208682 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.053027 | 0.050350 | 0.115223 | 0.218600 | 0.283473 | 0.386850 | 0.451723 |
| Camarilla | 0.133826 | 0.149249 | 0.164672 | 0.180095 | 0.195518 | 0.210941 | 0.226364 |
| Woodie | -0.072280 | 0.040724 | 0.095970 | 0.208974 | 0.264220 | 0.377224 | 0.432470 |
| Fibonacci | 0.050350 | 0.114622 | 0.154329 | 0.218600 | 0.282872 | 0.322579 | 0.386850 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 46.25 | |
| MACD (12,26,9): | -0.0009 | |
| Directional Movement: | -8.166703 | |
| AROON (14): | -50.000000 | |
| DEMA (21): | 0.179552 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.182062 | |
| Elder Ray (13): | -0.000212 | |
| Super Trend (3,10): | 0.184285 | |
| Zig ZAG (10): | 0.179944 | |
| VORTEX (21): | 1.0594 | |
| Stochastique (14,3,5): | 49.23 | |
| TEMA (21): | 0.179267 | |
| Williams %R (14): | -52.36 | |
| Chande Momentum Oscillator (20): | -0.003014 | |
| Repulse (5,40,3): | 0.1366 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0686 | |
| Courbe Coppock: | 2.13 |
| MA7: | 0.182967 | |
| MA20: | 0.173474 | |
| MA50: | 0.193827 | |
| MA100: | 0.266949 | |
| MAexp7: | 0.179965 | |
| MAexp20: | 0.180677 | |
| MAexp50: | 0.182023 | |
| MAexp100: | 0.182595 | |
| Price / MA7: | -1.90% | |
| Price / MA20: | +3.46% | |
| Price / MA50: | -7.40% | |
| Price / MA100: | -32.77% | |
| Price / MAexp7: | -0.27% | |
| Price / MAexp20: | -0.66% | |
| Price / MAexp50: | -1.40% | |
| Price / MAexp100: | -1.70% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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