OCEAN PROTOCOL - OCEAN/USD - 1H - Technical analysis published on 12/14/2022 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 0.173846 USD
My targets
0.195562 USD (+6.67%)
0.203404 USD (+10.95%)
My analysis
The bullish trend is currently very strong on OCEAN PROTOCOL - OCEAN/USD. As long as the price remains above the support at 0.173846 USD, you could try to benefit from the boom. The first bullish objective is located at 0.195562 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.203404 USD as an objective. Crossing it would then enable buyers to target 0.250763 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.6
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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 rating is 0.183333 USD. The price registered an increase of +8.57% on the session and was between 0.167572 USD and 0.185763 USD. This implies that the price is at +9.41% from its lowest and at -1.31% from its highest.0.167572
0.185763
0.183333
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by OCEAN PROTOCOL - OCEAN/USD:
Technical
Technical analysis of OCEAN PROTOCOL - OCEAN/USD in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Three white soldiers
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.157205 | 0.167198 | 0.173554 | 0.183333 | 0.183614 | 0.203404 | 0.250763 |
| Change (%) | -14.25% | -8.80% | -5.33% | - | +0.15% | +10.95% | +36.78% |
| Change | -0.026128 | -0.016135 | -0.009779 | - | +0.000281 | +0.020071 | +0.067430 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.150942 | 0.158557 | 0.163712 | 0.171327 | 0.176482 | 0.184097 | 0.189252 |
| Camarilla | 0.165356 | 0.166527 | 0.167697 | 0.168868 | 0.170039 | 0.171209 | 0.172380 |
| Woodie | 0.149713 | 0.157942 | 0.162483 | 0.170712 | 0.175253 | 0.183482 | 0.188023 |
| Fibonacci | 0.158557 | 0.163435 | 0.166449 | 0.171327 | 0.176205 | 0.179219 | 0.184097 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.086400 | 0.108116 | 0.130123 | 0.151839 | 0.173846 | 0.195562 | 0.217569 |
| Camarilla | 0.140107 | 0.144115 | 0.148123 | 0.152131 | 0.156139 | 0.160147 | 0.164155 |
| Woodie | 0.086547 | 0.108189 | 0.130270 | 0.151912 | 0.173993 | 0.195635 | 0.217716 |
| Fibonacci | 0.108116 | 0.124818 | 0.135137 | 0.151839 | 0.168541 | 0.178860 | 0.195562 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 66.80 | |
| MACD (12,26,9): | 0.0015 | |
| Directional Movement: | 17.309665 | |
| AROON (14): | 100.000000 | |
| DEMA (21): | 0.173814 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.166869 | |
| Elder Ray (13): | 0.004779 | |
| Super Trend (3,10): | 0.168937 | |
| Zig ZAG (10): | 0.181053 | |
| VORTEX (21): | 1.0970 | |
| Stochastique (14,3,5): | 94.51 | |
| TEMA (21): | 0.175112 | |
| Williams %R (14): | -8.18 | |
| Chande Momentum Oscillator (20): | 0.011326 | |
| Repulse (5,40,3): | 4.7021 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0319 | |
| Courbe Coppock: | 7.01 |
| MA7: | 0.161452 | |
| MA20: | 0.145766 | |
| MA50: | 0.154733 | |
| MA100: | 0.157429 | |
| MAexp7: | 0.175259 | |
| MAexp20: | 0.172256 | |
| MAexp50: | 0.169824 | |
| MAexp100: | 0.164851 | |
| Price / MA7: | +13.55% | |
| Price / MA20: | +25.77% | |
| Price / MA50: | +18.48% | |
| Price / MA100: | +16.45% | |
| Price / MAexp7: | +4.61% | |
| Price / MAexp20: | +6.43% | |
| Price / MAexp50: | +7.95% | |
| Price / MAexp100: | +11.21% |
Quotes :
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Real time data
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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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