OCEAN PROTOCOL - OCEAN/USD - 1H - Technical analysis published on 08/13/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 0.345977 USD
My targets
0.334200 USD (-1.63%)
0.331163 USD (-2.52%)
My analysis
The bearish trend is currently very strong for OCEAN PROTOCOL - OCEAN/USD. As long as the price remains below the resistance at 0.345977 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.334200 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.331163 USD as an objective. Crossing it would then enable sellers to target 0.313463 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
6.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The OCEAN PROTOCOL - OCEAN/USD price is 0.339732 USD. The price is lower by -1.74% since the last closing and was between 0.338708 USD and 0.346497 USD. This implies that the price is at +0.30% from its lowest and at -1.95% from its highest.0.338708
0.346497
0.339732
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
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of OCEAN PROTOCOL - OCEAN/USD indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 10 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.331163 | 0.334200 | 0.339518 | 0.339732 | 0.345977 | 0.348067 | 0.350301 |
| Change (%) | -2.52% | -1.63% | -0.06% | - | +1.84% | +2.45% | +3.11% |
| Change | -0.008569 | -0.005532 | -0.000214 | - | +0.006245 | +0.008335 | +0.010569 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Major | 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 | 0.334809 | 0.338726 | 0.342466 | 0.346383 | 0.350123 | 0.354040 | 0.357780 |
| Camarilla | 0.344099 | 0.344801 | 0.345503 | 0.346205 | 0.346907 | 0.347609 | 0.348311 |
| Woodie | 0.334720 | 0.338682 | 0.342377 | 0.346339 | 0.350034 | 0.353996 | 0.357691 |
| Fibonacci | 0.338726 | 0.341651 | 0.343458 | 0.346383 | 0.349308 | 0.351115 | 0.354040 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.305837 | 0.320018 | 0.329788 | 0.343969 | 0.353739 | 0.367920 | 0.377690 |
| Camarilla | 0.332971 | 0.335166 | 0.337362 | 0.339557 | 0.341753 | 0.343948 | 0.346144 |
| Woodie | 0.303631 | 0.318915 | 0.327582 | 0.342866 | 0.351533 | 0.366817 | 0.375484 |
| Fibonacci | 0.320018 | 0.329168 | 0.334820 | 0.343969 | 0.353119 | 0.358771 | 0.367920 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.197481 | 0.254447 | 0.300547 | 0.357513 | 0.403613 | 0.460579 | 0.506679 |
| Camarilla | 0.318304 | 0.327752 | 0.337199 | 0.346647 | 0.356095 | 0.365542 | 0.374990 |
| Woodie | 0.192048 | 0.251731 | 0.295114 | 0.354797 | 0.398180 | 0.457863 | 0.501246 |
| Fibonacci | 0.254447 | 0.293818 | 0.318142 | 0.357513 | 0.396884 | 0.421208 | 0.460579 |
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): | 34.54 | |
| MACD (12,26,9): | -0.0015 | |
| Directional Movement: | -13.802008 | |
| AROON (14): | -42.857143 | |
| DEMA (21): | 0.340106 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.343417 | |
| Elder Ray (13): | -0.001344 | |
| Super Trend (3,10): | 0.342948 | |
| Zig ZAG (10): | 0.339718 | |
| VORTEX (21): | 0.7940 | |
| Stochastique (14,3,5): | 10.55 | |
| TEMA (21): | 0.339074 | |
| Williams %R (14): | -86.35 | |
| Chande Momentum Oscillator (20): | -0.003161 | |
| Repulse (5,40,3): | -0.0345 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0508 | |
| Courbe Coppock: | 1.94 |
| MA7: | 0.342233 | |
| MA20: | 0.346405 | |
| MA50: | 0.352633 | |
| MA100: | 0.346401 | |
| MAexp7: | 0.340141 | |
| MAexp20: | 0.342118 | |
| MAexp50: | 0.343409 | |
| MAexp100: | 0.343296 | |
| Price / MA7: | -0.73% | |
| Price / MA20: | -1.93% | |
| Price / MA50: | -3.66% | |
| Price / MA100: | -1.93% | |
| Price / MAexp7: | -0.12% | |
| Price / MAexp20: | -0.70% | |
| Price / MAexp50: | -1.07% | |
| Price / MAexp100: | -1.04% |
Quotes :
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Real time data
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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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