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
Analysis too old. There are no more charts available.
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
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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 0.129684 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.
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:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
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:
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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|---|---|
| Standard | 0.118742 | 0.123528 | 0.126666 | 0.131452 | 0.134590 | 0.139376 | 0.142514 |
| Camarilla | 0.127624 | 0.128350 | 0.129077 | 0.129803 | 0.130529 | 0.131256 | 0.131982 |
| Woodie | 0.117917 | 0.123116 | 0.125841 | 0.131040 | 0.133765 | 0.138964 | 0.141689 |
| Fibonacci | 0.123528 | 0.126555 | 0.128425 | 0.131452 | 0.134479 | 0.136349 | 0.139376 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.056728 | 0.031980 | 0.080972 | 0.169680 | 0.218672 | 0.307380 | 0.356372 |
| Camarilla | 0.092097 | 0.104719 | 0.117342 | 0.129964 | 0.142587 | 0.155209 | 0.167832 |
| Woodie | -0.076586 | 0.022051 | 0.061114 | 0.159751 | 0.198814 | 0.297451 | 0.336514 |
| Fibonacci | 0.031980 | 0.084581 | 0.117079 | 0.169680 | 0.222281 | 0.254779 | 0.307380 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.071758 | 0.104914 | 0.139106 | 0.172262 | 0.206454 | 0.239610 | 0.273802 |
| Camarilla | 0.154777 | 0.160951 | 0.167124 | 0.173298 | 0.179472 | 0.185645 | 0.191819 |
| Woodie | 0.072276 | 0.105173 | 0.139624 | 0.172521 | 0.206972 | 0.239869 | 0.274320 |
| Fibonacci | 0.104914 | 0.130641 | 0.146535 | 0.172262 | 0.197989 | 0.213883 | 0.239610 |
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 :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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