OCEAN PROTOCOL - OCEAN/USD - 1H - Technical analysis published on 08/04/2022 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Neutral
Technical indicators
17%
44%
39%
My opinion
Bearish under 0.194654 USD
My targets
0.185995 USD (-2.42%)
0.182282 USD (-4.36%)
My analysis
The strong short-term decrease of OCEAN PROTOCOL - OCEAN/USD should quickly allow the basic trend to become bearish. As long as the price remains below the resistance located at 0.194654 USD, a sale could be considered. The first bearish objective is located at 0.185995 USD. The bearish momentum would be boosted by a support break. Sellers could then target the support located at 0.182282 USD. If there is any crossing, the next objective would be support 0.178059 USD. Caution, if there is a return to above 0.194654 USD, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
2.7
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Additional analysis
Quotes
The OCEAN PROTOCOL - OCEAN/USD price is 0.190600 USD. On the day, this instrument lost -0.12% and was between 0.188923 USD and 0.207800 USD. This implies that the price is at +0.89% from its lowest and at -8.28% from its highest.0.188923
0.207800
0.190600
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this OCEAN PROTOCOL - OCEAN/USD chart shows a neutral trend. This indecision could turn into a bearish trend due to the strong bearish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a slightly bearish signal.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish doji star
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.182282 | 0.185995 | 0.190398 | 0.190600 | 0.201769 | 0.210584 | 0.214511 |
| Change (%) | -4.36% | -2.42% | -0.11% | - | +5.86% | +10.48% | +12.55% |
| Change | -0.008318 | -0.004605 | -0.000202 | - | +0.011169 | +0.019984 | +0.023911 |
| Level | Minor | Minor | Major | - | Minor | Minor | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.157914 | 0.167986 | 0.179408 | 0.189480 | 0.200902 | 0.210974 | 0.222396 |
| Camarilla | 0.184918 | 0.186888 | 0.188859 | 0.190829 | 0.192799 | 0.194770 | 0.196740 |
| Woodie | 0.158588 | 0.168324 | 0.180082 | 0.189818 | 0.201576 | 0.211312 | 0.223070 |
| Fibonacci | 0.167986 | 0.176197 | 0.181270 | 0.189480 | 0.197691 | 0.202764 | 0.210974 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.125440 | 0.145385 | 0.174709 | 0.194654 | 0.223978 | 0.243923 | 0.273247 |
| Camarilla | 0.190483 | 0.194999 | 0.199516 | 0.204032 | 0.208548 | 0.213065 | 0.217581 |
| Woodie | 0.130129 | 0.147730 | 0.179398 | 0.196999 | 0.228667 | 0.246268 | 0.277936 |
| Fibonacci | 0.145385 | 0.164206 | 0.175834 | 0.194654 | 0.213475 | 0.225103 | 0.243923 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.089440 | 0.118470 | 0.156540 | 0.185570 | 0.223640 | 0.252670 | 0.290740 |
| Camarilla | 0.176158 | 0.182308 | 0.188459 | 0.194610 | 0.200761 | 0.206912 | 0.213063 |
| Woodie | 0.093960 | 0.120730 | 0.161060 | 0.187830 | 0.228160 | 0.254930 | 0.295260 |
| Fibonacci | 0.118470 | 0.144102 | 0.159938 | 0.185570 | 0.211202 | 0.227038 | 0.252670 |
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): | 51.05 | |
| MACD (12,26,9): | 0.0008 | |
| Directional Movement: | 8.558508 | |
| AROON (14): | 21.428571 | |
| DEMA (21): | 0.196279 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.204627 | |
| Elder Ray (13): | -0.000537 | |
| Super Trend (3,10): | 0.189843 | |
| Zig ZAG (10): | 0.194733 | |
| VORTEX (21): | 0.9752 | |
| Stochastique (14,3,5): | 18.86 | |
| TEMA (21): | 0.195978 | |
| Williams %R (14): | -77.22 | |
| Chande Momentum Oscillator (20): | -0.002384 | |
| Repulse (5,40,3): | 0.3796 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1024 | |
| Courbe Coppock: | 0.49 |
| MA7: | 0.194988 | |
| MA20: | 0.186509 | |
| MA50: | 0.181547 | |
| MA100: | 0.228566 | |
| MAexp7: | 0.195374 | |
| MAexp20: | 0.194966 | |
| MAexp50: | 0.193426 | |
| MAexp100: | 0.193408 | |
| Price / MA7: | -2.25% | |
| Price / MA20: | +2.19% | |
| Price / MA50: | +4.99% | |
| Price / MA100: | -16.61% | |
| Price / MAexp7: | -2.44% | |
| Price / MAexp20: | -2.24% | |
| Price / MAexp50: | -1.46% | |
| Price / MAexp100: | -1.45% |
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.
About author
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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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