OCEAN PROTOCOL - OCEAN/USD

- USD (-)

- Real time data - CoinMarketCap

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	OCEANUSD
ISIN:

OCEAN PROTOCOL - OCEAN/USD - Daily - Technical analysis published on 12/12/2022 (GMT)

Londinia

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!

Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Neutral

Technical indicators

78%

11%

My opinion

Bullish above 0.141589 USD

My targets

0.175005 USD (+6.27%)

0.203404 USD (+23.52%)

My analysis

The current short-term bullish trend should quickly fix the basic bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for OCEAN PROTOCOL - OCEAN/USD as long as the price remains well above 0.141589 USD. The buyers' bullish objective is set at 0.175005 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.203404 USD. If there is any crossing, the next objective would be the resistance located at 0.250763 USD.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

3.2

Comment on the 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:

Additional analysis

Quotes

The OCEAN PROTOCOL - OCEAN/USD rating is 0.164679 USD. On the day, this instrument gained +2.58% and was traded between 0.158459 USD and 0.169671 USD over the period. The price is currently at +3.93% from its lowest and -2.94% from its highest.

0.158459

0.169671

0.164679

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

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:

Technical

Technical analysis of this Daily chart of OCEAN PROTOCOL - OCEAN/USD indicates that the overall trend is not clearly defined. This indecision could turn into a bullish trend due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily

In fact, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.075785	0.119326	0.141589	0.164679	0.167198	0.203404	0.250763
Change (%)	-53.98%	-27.54%	-14.02%	-	+1.53%	+23.52%	+52.27%
Change	-0.088894	-0.045353	-0.023090	-	+0.002519	+0.038725	+0.086084
Level	Intermediate	Intermediate	Minor	-	Intermediate	Minor	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.089308	0.118857	0.139697	0.169246	0.190086	0.219635	0.240475
Camarilla	0.146680	0.151299	0.155918	0.160537	0.165156	0.169775	0.174394
Woodie	0.084954	0.116680	0.135343	0.167069	0.185732	0.217458	0.236121
Fibonacci	0.118857	0.138106	0.149997	0.169246	0.188495	0.200386	0.219635

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.086705	0.108268	0.130428	0.151991	0.174151	0.195714	0.217874
Camarilla	0.140564	0.144572	0.148580	0.152588	0.156596	0.160604	0.164612
Woodie	0.087004	0.108417	0.130727	0.152140	0.174450	0.195863	0.218173
Fibonacci	0.108268	0.124970	0.135289	0.151991	0.168693	0.179012	0.195714

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.070319	0.022594	0.082092	0.175005	0.234503	0.327416	0.386914
Camarilla	0.099676	0.113647	0.127618	0.141589	0.155560	0.169531	0.183502
Woodie	-0.087028	0.014240	0.065384	0.166651	0.217795	0.319062	0.370206
Fibonacci	0.022594	0.080815	0.116784	0.175005	0.233226	0.269195	0.327416

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):	62.05
MACD (12,26,9):	0.0024
Directional Movement:	31.074898
AROON (14):	92.857143
DEMA (21):	0.146232
Parabolic SAR (0,02-0,02-0,2):	0.130324
Elder Ray (13):	0.013158
Super Trend (3,10):	0.164332
Zig ZAG (10):	0.161974
VORTEX (21):	1.1875
Stochastique (14,3,5):	48.55
TEMA (21):	0.153323
Williams %R (14):	-53.86
Chande Momentum Oscillator (20):	0.020063
Repulse (5,40,3):	-3.3225
ROCnROLL:	1
TRIX (15,9):	-0.1890
Courbe Coppock:	24.64

MA7:	0.149945
MA20:	0.140849
MA50:	0.154134
MA100:	0.157196
MAexp7:	0.152929
MAexp20:	0.145306
MAexp50:	0.149185
MAexp100:	0.162547
Price / MA7:	+9.83%
Price / MA20:	+16.92%
Price / MA50:	+6.84%
Price / MA100:	+4.76%
Price / MAexp7:	+7.68%
Price / MAexp20:	+13.33%
Price / MAexp50:	+10.39%
Price / MAexp100:	+1.31%

Quotes : - Real time data - Cryptocompare

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

About author

Londinia AI

Online

Overall rating :

16028

Number of analyses :

98283

Followers :

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…