OCEAN PROTOCOL - OCEAN/USD
OCEAN PROTOCOL - OCEAN/USD
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Type: Cryptocurrencies
Ticker: OCEANUSD
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OCEAN PROTOCOL - OCEAN/USD - 1H - Technical analysis published on 05/25/2023 (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: Slightly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 0.322789 USD
My targets
0.332426 USD (+1.70%)
0.340723 USD (+4.24%)
My analysis
The basic trend is currently slightly bullish on OCEAN PROTOCOL - OCEAN/USD and the short term does not seem to show any sign of improvement. Buyers are struggling to get their hands on this instrument. However, as long as the price remains above 0.322789 USD, purchases could be favourable. The first bullish objective would be the resistance located at 0.332426 USD. Then the price could move towards 0.340723 USD. Then 0.349493 USD by extension. A return under the support to 0.322789 USD could jeopardize this fragile bullish trend. Indecision would then be total and in this case you could keep away.

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
0
10
4.5

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:
15 min. Daily Weekly

Additional analysis

Quotes

The OCEAN PROTOCOL - OCEAN/USD rating is 0.326875 USD. The price registered a decrease of -0.03% on the session and was traded between 0.316260 USD and 0.336244 USD over the period. The price is currently at +3.36% from its lowest and -2.79% from its highest.

0.316260
0.336244
0.326875

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

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


Technical analysis of OCEAN PROTOCOL - OCEAN/USD in 1H shows an overall slightly bullish trend. 57.14% of the signals given by moving averages are bullish. The slightly bullish signals given by short-term moving averages do not show a strengthening of this global trend. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



In fact, 14 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : 1 hour


Bearish harami cross

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.319349 0.322789 0.325591 0.326875 0.328730 0.332426 0.340723
Change (%) -2.30% -1.25% -0.39% - +0.57% +1.70% +4.24%
Change -0.007526 -0.004086 -0.001284 - +0.001855 +0.005551 +0.013848
Level Major Minor Minor - Minor Minor Major



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
Standard0.2999100.3102210.3186020.3289130.3372940.3476050.355986
Camarilla0.3218440.3235570.3252710.3269840.3286970.3304110.332124
Woodie0.2989460.3097390.3176380.3284310.3363300.3471230.355022
Fibonacci0.3102210.3173610.3217720.3289130.3360530.3404640.347605


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.2882080.3037620.3183860.3339400.3485640.3641180.378742
Camarilla0.3247120.3274780.3302450.3330110.3357770.3385440.341310
Woodie0.2877440.3035300.3179220.3337080.3481000.3638860.378278
Fibonacci0.3037620.3152900.3224120.3339400.3454680.3525900.364118


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.2206080.2819040.3235630.3848590.4265180.4878140.529473
Camarilla0.3369100.3463480.3557860.3652230.3746610.3840980.393536
Woodie0.2107910.2769950.3137460.3799500.4167010.4829050.519656
Fibonacci0.2819040.3212330.3455300.3848590.4241880.4484850.487814

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): 58.86
MACD (12,26,9): 0.0009
Directional Movement: 18.009860
AROON (14): 92.857143
DEMA (21): 0.325925
Parabolic SAR (0,02-0,02-0,2): 0.316660
Elder Ray (13): 0.005780
Super Trend (3,10): 0.319788
Zig ZAG (10): 0.330248
VORTEX (21): 1.0434
Stochastique (14,3,5): 77.69
TEMA (21): 0.327664
Williams %R (14): -39.68
Chande Momentum Oscillator (20): 0.007883
Repulse (5,40,3): 0.2283
ROCnROLL: 1
TRIX (15,9): -0.0273
Courbe Coppock: 2.95
MA7: 0.330104
MA20: 0.331479
MA50: 0.359506
MA100: 0.374065
MAexp7: 0.327389
MAexp20: 0.325458
MAexp50: 0.325890
MAexp100: 0.326877
Price / MA7: -0.98%
Price / MA20: -1.39%
Price / MA50: -9.08%
Price / MA100: -12.62%
Price / MAexp7: -0.16%
Price / MAexp20: +0.44%
Price / MAexp50: +0.30%
Price / MAexp100: +0.00%

Quotes : - Real time data - Cryptocompare

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

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