OCEAN PROTOCOL - OCEAN/USD
OCEAN PROTOCOL - OCEAN/USD
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Type: Cryptocurrencies
Ticker: OCEANUSD
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OCEAN PROTOCOL - OCEAN/USD - 1H - Technical analysis published on 10/23/2022 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : NEUTRAL

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Short term: Bullish
Underlying: Slightly bearish
Technical indicators
39%
28%
33%
My opinion
Neutral between 0.152956 USD and 0.167791 USD
My targets
-
My analysis
The basic trend is slightly bearish and the short term is tentatively bullish. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 0.167791 USD. The first support is located at 0.152956 USD. Without a basic trend, it is be important to monitor the price reaction at the first levels of resistance or support. A bullish break in resistance could quickly reverse the basic trend. A bearish break in the support would be welcome to boost the slightly bearish basic trend. On the other hand, if the price is blocked by resistance or support, it could be attractive to trade against the trend on the last short-term movement registered by OCEAN PROTOCOL - OCEAN/USD.

Technical indicators are neutral in the very short term and are not able to influence the opinion of this analysis.

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

OCEAN PROTOCOL - OCEAN/USD rating 0.162015 USD. The price registered an increase of +2.36% on the session with the lowest point at 0.158232 USD and the highest point at 0.162551 USD. The deviation from the price is +2.39% for the low point and -0.33% for the high point.

0.158232
0.162551
0.162015

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning


Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:

Technical


A technical analysis in 1H of this OCEAN PROTOCOL - OCEAN/USD chart shows a slightly bearish trend. 53.57% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this overall trend could be reversed. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Central Indicators

Moving Average bearish crossovers : MA50 & MA100

Type : Bearish

Timeframe : 1 hour



On the 18 technical indicators analysed, 7 are bullish, 6 are neutral and 5 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour


RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour



The analysis of the price chart with Central Patterns scanners does not return any result.

The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : 1 hour


Bearish doji star

Type : Bearish

Timeframe : 1 hour


Bullish harami cross

Type : Bullish

Timeframe : 1 hour


Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S2
S1
R1
R2
R3
Price


S2S1PriceR1R2R3
ProTrendLines 0.074697 0.152956 0.162015 0.162972 0.167791 0.205418
Change (%) -53.90% -5.59% - +0.59% +3.57% +26.79%
Change -0.087318 -0.009059 - +0.000957 +0.005776 +0.043403
Level Intermediate Major - Minor Intermediate Minor



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.1498620.1538350.1560560.1600290.1622500.1662230.168444
Camarilla0.1565740.1571410.1577090.1582770.1588450.1594130.159980
Woodie0.1489860.1533970.1551800.1595910.1613740.1657850.167568
Fibonacci0.1538350.1562010.1576630.1600290.1623950.1638570.166223


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0767620.1119220.1350990.1702590.1934360.2285960.251773
Camarilla0.1422340.1475820.1529290.1582770.1636250.1689720.174320
Woodie0.0707720.1089260.1291090.1672630.1874460.2256000.245783
Fibonacci0.1119220.1342060.1479740.1702590.1925430.2063110.228596


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0903990.1173220.1389530.1658760.1875070.2144300.236061
Camarilla0.1472310.1516810.1561320.1605830.1650340.1694850.173935
Woodie0.0877520.1159990.1363060.1645530.1848600.2131070.233414
Fibonacci0.1173220.1358700.1473290.1658760.1844240.1958830.214430

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): 49.49
MACD (12,26,9): -0.0005
Directional Movement: 2.130176
AROON (14): -64.285714
DEMA (21): 0.159592
Parabolic SAR (0,02-0,02-0,2): 0.160565
Elder Ray (13): 0.000375
Super Trend (3,10): 0.161458
Zig ZAG (10): 0.160247
VORTEX (21): 1.0154
Stochastique (14,3,5): 33.90
TEMA (21): 0.159228
Williams %R (14): -61.97
Chande Momentum Oscillator (20): -0.002584
Repulse (5,40,3): 0.6001
ROCnROLL: -1
TRIX (15,9): -0.0294
Courbe Coppock: 4.11
MA7: 0.161349
MA20: 0.156756
MA50: 0.160189
MA100: 0.173124
MAexp7: 0.159561
MAexp20: 0.160157
MAexp50: 0.160731
MAexp100: 0.160497
Price / MA7: +0.41%
Price / MA20: +3.35%
Price / MA50: +1.14%
Price / MA100: -6.42%
Price / MAexp7: +1.54%
Price / MAexp20: +1.16%
Price / MAexp50: +0.80%
Price / MAexp100: +0.95%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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