OCEAN PROTOCOL - OCEAN/USD - Daily - Technical analysis published on 12/19/2022 (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
33%
28%
39%
My opinion
Bearish under 0.167198 USD
My targets
0.133620 USD (-9.10%)
0.114935 USD (-21.81%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on OCEAN PROTOCOL - OCEAN/USD as long as the price remains well below 0.167198 USD. The next bearish objective for sellers is set at 0.133620 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.114935 USD. If there is any crossing, the next objective would be the support located at 0.082092 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
4.8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
OCEAN PROTOCOL - OCEAN/USD rating 0.147002 USD. The price registered a decrease of -0.52% on the session and was traded between 0.144689 USD and 0.152127 USD over the period. The price is currently at +1.60% from its lowest and -3.37% from its highest.0.144689
0.152127
0.147002
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 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : Daily
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 0.147002 | 0.147123 | 0.167198 | 0.183614 |
| Change (%) | - | +0.08% | +13.74% | +24.91% |
| Change | - | +0.000121 | +0.020196 | +0.036612 |
| Level | - | Intermediate | Major | 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 | 0.135932 | 0.140339 | 0.144057 | 0.148464 | 0.152182 | 0.156589 | 0.160307 |
| Camarilla | 0.145541 | 0.146285 | 0.147030 | 0.147775 | 0.148520 | 0.149265 | 0.150009 |
| Woodie | 0.135588 | 0.140167 | 0.143713 | 0.148292 | 0.151838 | 0.156417 | 0.159963 |
| Fibonacci | 0.140339 | 0.143443 | 0.145360 | 0.148464 | 0.151568 | 0.153485 | 0.156589 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.081845 | 0.114935 | 0.133620 | 0.166710 | 0.185395 | 0.218485 | 0.237170 |
| Camarilla | 0.138067 | 0.142813 | 0.147559 | 0.152305 | 0.157051 | 0.161797 | 0.166543 |
| Woodie | 0.074643 | 0.111334 | 0.126418 | 0.163109 | 0.178193 | 0.214884 | 0.229968 |
| Fibonacci | 0.114935 | 0.134713 | 0.146932 | 0.166710 | 0.186488 | 0.198707 | 0.218485 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 49.17 | |
| MACD (12,26,9): | 0.0032 | |
| Directional Movement: | 10.485463 | |
| AROON (14): | 35.714286 | |
| DEMA (21): | 0.155511 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.193633 | |
| Elder Ray (13): | -0.005390 | |
| Super Trend (3,10): | 0.123924 | |
| Zig ZAG (10): | 0.149564 | |
| VORTEX (21): | 1.0521 | |
| Stochastique (14,3,5): | 28.58 | |
| TEMA (21): | 0.160011 | |
| Williams %R (14): | -72.03 | |
| Chande Momentum Oscillator (20): | 0.015008 | |
| Repulse (5,40,3): | -8.4100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.3517 | |
| Courbe Coppock: | 26.40 |
| MA7: | 0.159124 | |
| MA20: | 0.150236 | |
| MA50: | 0.152256 | |
| MA100: | 0.156335 | |
| MAexp7: | 0.154388 | |
| MAexp20: | 0.151844 | |
| MAexp50: | 0.151735 | |
| MAexp100: | 0.161793 | |
| Price / MA7: | -7.62% | |
| Price / MA20: | -2.15% | |
| Price / MA50: | -3.45% | |
| Price / MA100: | -5.97% | |
| Price / MAexp7: | -4.78% | |
| Price / MAexp20: | -3.19% | |
| Price / MAexp50: | -3.12% | |
| Price / MAexp100: | -9.14% |
Quotes :
-
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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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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