OCEAN PROTOCOL - OCEAN/USD - 1H - Technical analysis published on 08/09/2022 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
39%
28%
33%
My opinion
Bullish above 0.226248 USD
My targets
0.234970 USD (+2.87%)
0.255608 USD (+11.91%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on OCEAN PROTOCOL - OCEAN/USD as long as the price remains well above 0.226248 USD. The buyers' bullish objective is set at 0.234970 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.255608 USD. If there is any crossing, the next objective would be the resistance located at 0.344300 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The OCEAN PROTOCOL - OCEAN/USD price is 0.228414 USD. The price registered an increase of +7.09% on the session and was traded between 0.212280 USD and 0.228767 USD over the period. The price is currently at +7.60% from its lowest and -0.15% from its highest.0.212280
0.228767
0.228414
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
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 detects abnormal volumes on the asset:
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 strongly bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish doji star
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.210649 | 0.217647 | 0.226248 | 0.228414 | 0.344300 | 0.420100 | 0.553515 |
| Change (%) | -7.78% | -4.71% | -0.95% | - | +50.74% | +83.92% | +142.33% |
| Change | -0.017765 | -0.010767 | -0.002166 | - | +0.115886 | +0.191686 | +0.325101 |
| Level | Intermediate | Minor | Major | - | Minor | 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 | 0.180353 | 0.192124 | 0.202706 | 0.214477 | 0.225059 | 0.236830 | 0.247412 |
| Camarilla | 0.207141 | 0.209190 | 0.211239 | 0.213288 | 0.215337 | 0.217386 | 0.219435 |
| Woodie | 0.179759 | 0.191827 | 0.202112 | 0.214180 | 0.224465 | 0.236533 | 0.246818 |
| Fibonacci | 0.192124 | 0.200663 | 0.205938 | 0.214477 | 0.223016 | 0.228291 | 0.236830 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.146789 | 0.162424 | 0.183062 | 0.198697 | 0.219335 | 0.234970 | 0.255608 |
| Camarilla | 0.193725 | 0.197050 | 0.200375 | 0.203700 | 0.207025 | 0.210350 | 0.213675 |
| Woodie | 0.149291 | 0.163675 | 0.185564 | 0.199948 | 0.221837 | 0.236221 | 0.258110 |
| Fibonacci | 0.162424 | 0.176280 | 0.184841 | 0.198697 | 0.212553 | 0.221114 | 0.234970 |
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): | 46.52 | |
| MACD (12,26,9): | 0.0008 | |
| Directional Movement: | -2.890651 | |
| AROON (14): | 42.857143 | |
| DEMA (21): | 0.216834 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.211590 | |
| Elder Ray (13): | -0.002538 | |
| Super Trend (3,10): | 0.211196 | |
| Zig ZAG (10): | 0.213817 | |
| VORTEX (21): | 0.9063 | |
| Stochastique (14,3,5): | 35.67 | |
| TEMA (21): | 0.216105 | |
| Williams %R (14): | -69.47 | |
| Chande Momentum Oscillator (20): | 0.001061 | |
| Repulse (5,40,3): | -1.2388 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1003 | |
| Courbe Coppock: | 1.39 |
| MA7: | 0.204129 | |
| MA20: | 0.193105 | |
| MA50: | 0.184559 | |
| MA100: | 0.216786 | |
| MAexp7: | 0.216058 | |
| MAexp20: | 0.215326 | |
| MAexp50: | 0.212457 | |
| MAexp100: | 0.208709 | |
| Price / MA7: | +11.90% | |
| Price / MA20: | +18.28% | |
| Price / MA50: | +23.76% | |
| Price / MA100: | +5.36% | |
| Price / MAexp7: | +5.72% | |
| Price / MAexp20: | +6.08% | |
| Price / MAexp50: | +7.51% | |
| Price / MAexp100: | +9.44% |
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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