OCEAN PROTOCOL - OCEAN/USD - 1H - Technical analysis published on 12/25/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
78%
11%
11%
My opinion
Bullish above 0.160264 USD
My targets
0.167198 USD (+0.82%)
0.171537 USD (+3.43%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on OCEAN PROTOCOL - OCEAN/USD as long as the price remains well above 0.160264 USD. The buyers' bullish objective is set at 0.167198 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.171537 USD. If there is any crossing, the next objective would be the resistance located at 0.179006 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 overbought items that could be a sign of a possible short-term correction.
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
7.1
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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 0.165844 USD. On the day, this instrument lost -0.16% with the lowest point at 0.162050 USD and the highest point at 0.167441 USD. The deviation from the price is +2.34% for the low point and -0.95% for the high point.0.162050
0.167441
0.165844
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this OCEAN PROTOCOL - OCEAN/USD chart shows a strongly bullish trend. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the 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.
In fact, 14 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Upside gap
Type : Bullish
Timeframe : 1 hour
Bearish doji star
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.151740 | 0.154954 | 0.160264 | 0.165844 | 0.167198 | 0.171537 | 0.179006 |
| Change (%) | -8.50% | -6.57% | -3.36% | - | +0.82% | +3.43% | +7.94% |
| Change | -0.014104 | -0.010890 | -0.005580 | - | +0.001354 | +0.005693 | +0.013162 |
| Level | Minor | Minor | Major | - | Major | Major | Minor |
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 | 0.155603 | 0.158071 | 0.162091 | 0.164559 | 0.168579 | 0.171047 | 0.175067 |
| Camarilla | 0.164327 | 0.164922 | 0.165516 | 0.166111 | 0.166706 | 0.167301 | 0.167895 |
| Woodie | 0.156379 | 0.158459 | 0.162867 | 0.164947 | 0.169355 | 0.171435 | 0.175843 |
| Fibonacci | 0.158071 | 0.160549 | 0.162081 | 0.164559 | 0.167037 | 0.168569 | 0.171047 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.123173 | 0.133931 | 0.150021 | 0.160779 | 0.176869 | 0.187627 | 0.203717 |
| Camarilla | 0.158728 | 0.161189 | 0.163650 | 0.166111 | 0.168572 | 0.171033 | 0.173494 |
| Woodie | 0.125839 | 0.135264 | 0.152687 | 0.162112 | 0.179535 | 0.188960 | 0.206383 |
| Fibonacci | 0.133931 | 0.144187 | 0.150523 | 0.160779 | 0.171035 | 0.177371 | 0.187627 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.057611 | 0.028948 | 0.085269 | 0.171828 | 0.228149 | 0.314708 | 0.371029 |
| Camarilla | 0.102297 | 0.115394 | 0.128492 | 0.141589 | 0.154686 | 0.167784 | 0.180881 |
| Woodie | -0.072731 | 0.021389 | 0.070149 | 0.164269 | 0.213029 | 0.307149 | 0.355909 |
| Fibonacci | 0.028948 | 0.083529 | 0.117248 | 0.171828 | 0.226409 | 0.260128 | 0.314708 |
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): | 56.76 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 9.906049 | |
| AROON (14): | -42.857143 | |
| DEMA (21): | 0.164410 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.162111 | |
| Elder Ray (13): | 0.001033 | |
| Super Trend (3,10): | 0.166187 | |
| Zig ZAG (10): | 0.165499 | |
| VORTEX (21): | 0.9485 | |
| Stochastique (14,3,5): | 63.35 | |
| TEMA (21): | 0.164408 | |
| Williams %R (14): | -9.60 | |
| Chande Momentum Oscillator (20): | 0.000312 | |
| Repulse (5,40,3): | 1.1510 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0127 | |
| Courbe Coppock: | 1.63 |
| MA7: | 0.161347 | |
| MA20: | 0.157457 | |
| MA50: | 0.147368 | |
| MA100: | 0.156118 | |
| MAexp7: | 0.164509 | |
| MAexp20: | 0.164192 | |
| MAexp50: | 0.163799 | |
| MAexp100: | 0.162914 | |
| Price / MA7: | +2.79% | |
| Price / MA20: | +5.33% | |
| Price / MA50: | +12.54% | |
| Price / MA100: | +6.23% | |
| Price / MAexp7: | +0.81% | |
| Price / MAexp20: | +1.01% | |
| Price / MAexp50: | +1.25% | |
| Price / MAexp100: | +1.80% |
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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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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