OCEAN PROTOCOL - OCEAN/USD - Daily - Technical analysis published on 11/27/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
28%
44%
28%
My opinion
Bearish under 0.139106 USD
My targets
0.124786 USD (-6.33%)
0.104914 USD (-21.25%)
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 0.139106 USD. Crossing the first support at 0.124786 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 0.104914 USD as an objective. Crossing it would then enable sellers to target 0.075785 USD. Caution, a return to above the resistance located at 0.139106 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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.5
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Additional analysis
Quotes
The OCEAN PROTOCOL - OCEAN/USD price is 0.133225 USD. The price is lower by -0.09% since the last closing with the lowest point at 0.132569 USD and the highest point at 0.133619 USD. The deviation from the price is +0.49% for the low point and -0.29% for the high point.0.132569
0.133619
0.133225
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
Here is a more detailed summary of the historical variations registered by OCEAN PROTOCOL - OCEAN/USD:
Technical
Technical analysis of this Daily chart of OCEAN PROTOCOL - OCEAN/USD indicates that the overall trend is strongly bearish. The signals given by moving averages are 85.71% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
The Central Indicators scanner found no further results concerning independent technical indicators.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : Daily
Bearish harami cross
Type : Bearish
Timeframe : Daily
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.075785 | 0.124786 | 0.133225 | 0.167198 | 0.203404 | 0.245945 |
| Change (%) | -43.12% | -6.33% | - | +25.50% | +52.68% | +84.61% |
| Change | -0.057440 | -0.008439 | - | +0.033973 | +0.070179 | +0.112720 |
| Level | Intermediate | Intermediate | - | Intermediate | Minor | Intermediate |
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 | 0.121815 | 0.126223 | 0.129785 | 0.134193 | 0.137755 | 0.142163 | 0.145725 |
| Camarilla | 0.131154 | 0.131885 | 0.132615 | 0.133346 | 0.134077 | 0.134807 | 0.135538 |
| Woodie | 0.121391 | 0.126012 | 0.129361 | 0.133982 | 0.137331 | 0.141952 | 0.145301 |
| Fibonacci | 0.126223 | 0.129268 | 0.131149 | 0.134193 | 0.137238 | 0.139119 | 0.142163 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.096608 | 0.106058 | 0.119702 | 0.129152 | 0.142796 | 0.152246 | 0.165890 |
| Camarilla | 0.126995 | 0.129112 | 0.131229 | 0.133346 | 0.135463 | 0.137580 | 0.139697 |
| Woodie | 0.098705 | 0.107107 | 0.121799 | 0.130201 | 0.144893 | 0.153295 | 0.167987 |
| Fibonacci | 0.106058 | 0.114880 | 0.120330 | 0.129152 | 0.137974 | 0.143424 | 0.152246 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 44.01 | |
| MACD (12,26,9): | -0.0102 | |
| Directional Movement: | -2.432261 | |
| AROON (14): | -50.000000 | |
| DEMA (21): | 0.125578 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.173640 | |
| Elder Ray (13): | -0.000561 | |
| Super Trend (3,10): | 0.169818 | |
| Zig ZAG (10): | 0.132569 | |
| VORTEX (21): | 0.7656 | |
| Stochastique (14,3,5): | 51.78 | |
| TEMA (21): | 0.120463 | |
| Williams %R (14): | -46.88 | |
| Chande Momentum Oscillator (20): | -0.004393 | |
| Repulse (5,40,3): | 1.9236 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -1.0646 | |
| Courbe Coppock: | 17.26 |
| MA7: | 0.128246 | |
| MA20: | 0.132623 | |
| MA50: | 0.157962 | |
| MA100: | 0.160136 | |
| MAexp7: | 0.130691 | |
| MAexp20: | 0.139170 | |
| MAexp50: | 0.152401 | |
| MAexp100: | 0.169417 | |
| Price / MA7: | +3.88% | |
| Price / MA20: | +0.45% | |
| Price / MA50: | -15.66% | |
| Price / MA100: | -16.81% | |
| Price / MAexp7: | +1.94% | |
| Price / MAexp20: | -4.27% | |
| Price / MAexp50: | -12.58% | |
| Price / MAexp100: | -21.36% |
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.
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