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 11/18/2022 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Bearish
Underlying: Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 0.136165 USD
My targets
0.128345 USD (-1.03%)
0.125605 USD (-3.15%)
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 0.136165 USD. Crossing the first support at 0.128345 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 0.125605 USD as an objective. Crossing it would then enable sellers to target 0.120758 USD. Caution, a return to above the resistance located at 0.136165 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 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
6.8

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

The OCEAN PROTOCOL - OCEAN/USD price is 0.129684 USD. On the day, this instrument lost -0.09% with the lowest point at 0.129483 USD and the highest point at 0.133096 USD. The deviation from the price is +0.16% for the low point and -2.56% for the high point.

0.129483
0.133096
0.129684

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



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

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 scanner does not detect any result on moving averages that would impact this trend.

The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Near support of channel

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.120758 0.125605 0.128345 0.129684 0.136165 0.142242 0.147961
Change (%) -6.88% -3.15% -1.03% - +5.00% +9.68% +14.09%
Change -0.008926 -0.004079 -0.001339 - +0.006481 +0.012558 +0.018277
Level Intermediate Minor Intermediate - Intermediate Minor Major



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
Standard0.1187420.1235280.1266660.1314520.1345900.1393760.142514
Camarilla0.1276240.1283500.1290770.1298030.1305290.1312560.131982
Woodie0.1179170.1231160.1258410.1310400.1337650.1389640.141689
Fibonacci0.1235280.1265550.1284250.1314520.1344790.1363490.139376


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-0.0567280.0319800.0809720.1696800.2186720.3073800.356372
Camarilla0.0920970.1047190.1173420.1299640.1425870.1552090.167832
Woodie-0.0765860.0220510.0611140.1597510.1988140.2974510.336514
Fibonacci0.0319800.0845810.1170790.1696800.2222810.2547790.307380


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0717580.1049140.1391060.1722620.2064540.2396100.273802
Camarilla0.1547770.1609510.1671240.1732980.1794720.1856450.191819
Woodie0.0722760.1051730.1396240.1725210.2069720.2398690.274320
Fibonacci0.1049140.1306410.1465350.1722620.1979890.2138830.239610

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): 42.37
MACD (12,26,9): -0.0002
Directional Movement: -5.344734
AROON (14): 35.714286
DEMA (21): 0.130870
Parabolic SAR (0,02-0,02-0,2): 0.133037
Elder Ray (13): -0.000766
Super Trend (3,10): 0.132701
Zig ZAG (10): 0.130406
VORTEX (21): 1.0308
Stochastique (14,3,5): 34.70
TEMA (21): 0.131178
Williams %R (14): -74.06
Chande Momentum Oscillator (20): 0.000549
Repulse (5,40,3): -0.3761
ROCnROLL: 2
TRIX (15,9): -0.0157
Courbe Coppock: 1.21
MA7: 0.132547
MA20: 0.167589
MA50: 0.163090
MA100: 0.167010
MAexp7: 0.130892
MAexp20: 0.131142
MAexp50: 0.131970
MAexp100: 0.133506
Price / MA7: -2.16%
Price / MA20: -22.62%
Price / MA50: -20.48%
Price / MA100: -22.35%
Price / MAexp7: -0.92%
Price / MAexp20: -1.11%
Price / MAexp50: -1.73%
Price / MAexp100: -2.86%

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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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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