OCEAN PROTOCOL - OCEAN/USD - 1H - Technical analysis published on 02/18/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
22%
39%
39%
My opinion
Bullish above 0.479355 USD
My targets
0.503818 USD (+3.41%)
0.512075 USD (+5.10%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on OCEAN PROTOCOL - OCEAN/USD. As long as you are above the support located at 0.479355 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 0.503818 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 0.512075 USD as an objective. Crossing it would then enable buyers to target 0.520602 USD. If the support 0.479355 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
1.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
OCEAN PROTOCOL - OCEAN/USD rating 0.487217 USD. On the day, this instrument lost -0.08% with the lowest point at 0.482891 USD and the highest point at 0.509807 USD. The deviation from the price is +0.90% for the low point and -4.43% for the high point.0.482891
0.509807
0.487217
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of OCEAN PROTOCOL - OCEAN/USD indicates that the overall trend is bullish. 64.29% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
On the 18 technical indicators analysed, 4 are bullish, 7 are neutral and 7 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.442476 | 0.460466 | 0.479355 | 0.487217 | 0.503818 | 0.512075 | 0.520602 |
| Change (%) | -9.18% | -5.49% | -1.61% | - | +3.41% | +5.10% | +6.85% |
| Change | -0.044741 | -0.026751 | -0.007862 | - | +0.016601 | +0.024858 | +0.033385 |
| Level | Major | Minor | Intermediate | - | Minor | Intermediate | 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 | 0.380553 | 0.411754 | 0.449674 | 0.480875 | 0.518795 | 0.549996 | 0.587916 |
| Camarilla | 0.468587 | 0.474923 | 0.481259 | 0.487595 | 0.493931 | 0.500267 | 0.506603 |
| Woodie | 0.383914 | 0.413434 | 0.453035 | 0.482555 | 0.522156 | 0.551676 | 0.591277 |
| Fibonacci | 0.411754 | 0.438158 | 0.454470 | 0.480875 | 0.507279 | 0.523591 | 0.549996 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.175863 | 0.279984 | 0.367689 | 0.471810 | 0.559515 | 0.663636 | 0.751341 |
| Camarilla | 0.402641 | 0.420225 | 0.437809 | 0.455393 | 0.472977 | 0.490561 | 0.508145 |
| Woodie | 0.167654 | 0.275880 | 0.359480 | 0.467706 | 0.551306 | 0.659532 | 0.743132 |
| Fibonacci | 0.279984 | 0.353262 | 0.398533 | 0.471810 | 0.545088 | 0.590359 | 0.663636 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.035213 | 0.061510 | 0.205783 | 0.302506 | 0.446779 | 0.543502 | 0.687775 |
| Camarilla | 0.283782 | 0.305873 | 0.327965 | 0.350056 | 0.372147 | 0.394239 | 0.416330 |
| Woodie | -0.011438 | 0.073398 | 0.229558 | 0.314394 | 0.470554 | 0.555390 | 0.711550 |
| Fibonacci | 0.061510 | 0.153571 | 0.210446 | 0.302506 | 0.394567 | 0.451442 | 0.543502 |
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): | 50.12 | |
| MACD (12,26,9): | 0.0039 | |
| Directional Movement: | 8.247428 | |
| AROON (14): | 35.714286 | |
| DEMA (21): | 0.495873 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.509807 | |
| Elder Ray (13): | -0.004083 | |
| Super Trend (3,10): | 0.478095 | |
| Zig ZAG (10): | 0.486381 | |
| VORTEX (21): | 1.0944 | |
| Stochastique (14,3,5): | 26.22 | |
| TEMA (21): | 0.496688 | |
| Williams %R (14): | -81.49 | |
| Chande Momentum Oscillator (20): | -0.002731 | |
| Repulse (5,40,3): | -1.2666 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1686 | |
| Courbe Coppock: | 1.28 |
| MA7: | 0.467175 | |
| MA20: | 0.435813 | |
| MA50: | 0.332850 | |
| MA100: | 0.239675 | |
| MAexp7: | 0.492511 | |
| MAexp20: | 0.490398 | |
| MAexp50: | 0.483611 | |
| MAexp100: | 0.476897 | |
| Price / MA7: | +4.29% | |
| Price / MA20: | +11.79% | |
| Price / MA50: | +46.38% | |
| Price / MA100: | +103.28% | |
| Price / MAexp7: | -1.07% | |
| Price / MAexp20: | -0.65% | |
| Price / MAexp50: | +0.75% | |
| Price / MAexp100: | +2.16% |
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.
About author
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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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