OCEAN PROTOCOL - OCEAN/USD - 1H - Technical analysis published on 06/24/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bullish
Technical indicators
11%
56%
33%
My opinion
Neutral between 0.347115 USD and 0.361480 USD
My targets
-
My analysis
The neutral short-term trend shows a weakening of the basic, slightly bullish trend on OCEAN PROTOCOL - OCEAN/USD. It is difficult to advise a trading direction under these conditions. The first resistance is located at 0.361480 USD. The first support is located at 0.347115 USD. We can stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bearish and could soon allow change to a bearish sentiment.
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The OCEAN PROTOCOL - OCEAN/USD price is 0.356160 USD. The price registered a decrease of -0.04% on the session with the lowest point at 0.351360 USD and the highest point at 0.364174 USD. The deviation from the price is +1.37% for the low point and -2.20% for the high point.0.351360
0.364174
0.356160
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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 1H chart of OCEAN PROTOCOL - OCEAN/USD indicates that the overall trend is slightly bullish. Only 60.71% of the signals given by moving averages are bullish. This slightly bullish trend could return to neutral given the neutral signals also given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, 10 technical indicators on 18 studied are currently bearish. The Central Indicators scanner found no further results concerning independent technical indicators.
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bearish signals that could support the hypothesis of a small drop in the very short term:
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 | 0.338693 | 0.347115 | 0.355286 | 0.356160 | 0.361480 | 0.369414 | 0.376593 |
| Change (%) | -4.90% | -2.54% | -0.25% | - | +1.49% | +3.72% | +5.74% |
| Change | -0.017467 | -0.009045 | -0.000874 | - | +0.005320 | +0.013254 | +0.020433 |
| Level | Minor | Intermediate | Minor | - | Minor | Minor | Major |
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 | 0.323415 | 0.335234 | 0.345776 | 0.357595 | 0.368137 | 0.379956 | 0.390498 |
| Camarilla | 0.350169 | 0.352219 | 0.354268 | 0.356318 | 0.358368 | 0.360418 | 0.362467 |
| Woodie | 0.322777 | 0.334915 | 0.345138 | 0.357276 | 0.367499 | 0.379637 | 0.389860 |
| Fibonacci | 0.335234 | 0.343776 | 0.349053 | 0.357595 | 0.366137 | 0.371414 | 0.379956 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.220083 | 0.249713 | 0.291587 | 0.321217 | 0.363091 | 0.392721 | 0.434595 |
| Camarilla | 0.313797 | 0.320352 | 0.326907 | 0.333461 | 0.340016 | 0.346570 | 0.353125 |
| Woodie | 0.226205 | 0.252774 | 0.297709 | 0.324278 | 0.369213 | 0.395782 | 0.440717 |
| Fibonacci | 0.249713 | 0.277028 | 0.293903 | 0.321217 | 0.348532 | 0.365407 | 0.392721 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.192854 | 0.243960 | 0.308838 | 0.359944 | 0.424822 | 0.475928 | 0.540806 |
| Camarilla | 0.341821 | 0.352453 | 0.363085 | 0.373717 | 0.384349 | 0.394981 | 0.405613 |
| Woodie | 0.199741 | 0.247403 | 0.315725 | 0.363387 | 0.431709 | 0.479371 | 0.547693 |
| Fibonacci | 0.243960 | 0.288266 | 0.315638 | 0.359944 | 0.404250 | 0.431622 | 0.475928 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 47.14 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | -2.648516 | |
| AROON (14): | -28.571429 | |
| DEMA (21): | 0.357497 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.366412 | |
| Elder Ray (13): | -0.002079 | |
| Super Trend (3,10): | 0.348773 | |
| Zig ZAG (10): | 0.355093 | |
| VORTEX (21): | 1.0685 | |
| Stochastique (14,3,5): | 23.70 | |
| TEMA (21): | 0.356732 | |
| Williams %R (14): | -73.02 | |
| Chande Momentum Oscillator (20): | -0.001845 | |
| Repulse (5,40,3): | -1.0862 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0259 | |
| Courbe Coppock: | 1.65 |
| MA7: | 0.345508 | |
| MA20: | 0.330143 | |
| MA50: | 0.340105 | |
| MA100: | 0.355809 | |
| MAexp7: | 0.356526 | |
| MAexp20: | 0.357106 | |
| MAexp50: | 0.355508 | |
| MAexp100: | 0.350596 | |
| Price / MA7: | +3.08% | |
| Price / MA20: | +7.88% | |
| Price / MA50: | +4.72% | |
| Price / MA100: | +0.10% | |
| Price / MAexp7: | -0.10% | |
| Price / MAexp20: | -0.26% | |
| Price / MAexp50: | +0.18% | |
| Price / MAexp100: | +1.59% |
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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