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
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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.
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:
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:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
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:
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:
Bearish harami
Type : Bearish
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|---|---|
| Standard | 0.299910 | 0.310221 | 0.318602 | 0.328913 | 0.337294 | 0.347605 | 0.355986 |
| Camarilla | 0.321844 | 0.323557 | 0.325271 | 0.326984 | 0.328697 | 0.330411 | 0.332124 |
| Woodie | 0.298946 | 0.309739 | 0.317638 | 0.328431 | 0.336330 | 0.347123 | 0.355022 |
| Fibonacci | 0.310221 | 0.317361 | 0.321772 | 0.328913 | 0.336053 | 0.340464 | 0.347605 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.288208 | 0.303762 | 0.318386 | 0.333940 | 0.348564 | 0.364118 | 0.378742 |
| Camarilla | 0.324712 | 0.327478 | 0.330245 | 0.333011 | 0.335777 | 0.338544 | 0.341310 |
| Woodie | 0.287744 | 0.303530 | 0.317922 | 0.333708 | 0.348100 | 0.363886 | 0.378278 |
| Fibonacci | 0.303762 | 0.315290 | 0.322412 | 0.333940 | 0.345468 | 0.352590 | 0.364118 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.220608 | 0.281904 | 0.323563 | 0.384859 | 0.426518 | 0.487814 | 0.529473 |
| Camarilla | 0.336910 | 0.346348 | 0.355786 | 0.365223 | 0.374661 | 0.384098 | 0.393536 |
| Woodie | 0.210791 | 0.276995 | 0.313746 | 0.379950 | 0.416701 | 0.482905 | 0.519656 |
| Fibonacci | 0.281904 | 0.321233 | 0.345530 | 0.384859 | 0.424188 | 0.448485 | 0.487814 |
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 :
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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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