OCEAN PROTOCOL - OCEAN/USD - 1H - Technical analysis published on 08/30/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
39%
28%
33%
My opinion
Bullish above 0.321394 USD
My targets
0.330292 USD (+1.25%)
0.356666 USD (+9.33%)
My analysis
OCEAN PROTOCOL - OCEAN/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.321394 USD. The next resistance located at 0.330292 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.356666 USD. After this resistance, buyers could then target 0.440013 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
6.4
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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 0.326219 USD. On the day, this instrument lost -0.07% and was between 0.322626 USD and 0.326732 USD. This implies that the price is at +1.11% from its lowest and at -0.16% from its highest.0.322626
0.326732
0.326219
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
Here is a more detailed summary of the historical variations registered by OCEAN PROTOCOL - OCEAN/USD:
Technical
Technical analysis of this 1H chart of OCEAN PROTOCOL - OCEAN/USD indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
The Central Indicators scanner found no further results concerning independent technical indicators.
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.299817 | 0.310804 | 0.321394 | 0.326219 | 0.330292 | 0.356666 | 0.440013 |
| Change (%) | -8.09% | -4.73% | -1.48% | - | +1.25% | +9.33% | +34.88% |
| Change | -0.026402 | -0.015415 | -0.004825 | - | +0.004073 | +0.030447 | +0.113794 |
| Level | Minor | Minor | Major | - | Intermediate | Minor | 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 | 0.295175 | 0.302970 | 0.314702 | 0.322497 | 0.334229 | 0.342024 | 0.353756 |
| Camarilla | 0.321064 | 0.322854 | 0.324644 | 0.326434 | 0.328224 | 0.330014 | 0.331804 |
| Woodie | 0.297144 | 0.303954 | 0.316671 | 0.323481 | 0.336198 | 0.343008 | 0.355725 |
| Fibonacci | 0.302970 | 0.310429 | 0.315038 | 0.322497 | 0.329956 | 0.334565 | 0.342024 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.256654 | 0.271927 | 0.292498 | 0.307771 | 0.328342 | 0.343615 | 0.364186 |
| Camarilla | 0.303212 | 0.306498 | 0.309783 | 0.313069 | 0.316355 | 0.319640 | 0.322926 |
| Woodie | 0.259303 | 0.273252 | 0.295147 | 0.309096 | 0.330991 | 0.344940 | 0.366835 |
| Fibonacci | 0.271927 | 0.285619 | 0.294079 | 0.307771 | 0.321463 | 0.329923 | 0.343615 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.248134 | 0.294970 | 0.320808 | 0.367644 | 0.393482 | 0.440318 | 0.466156 |
| Camarilla | 0.326662 | 0.333323 | 0.339985 | 0.346647 | 0.353309 | 0.359971 | 0.366632 |
| Woodie | 0.237636 | 0.289721 | 0.310310 | 0.362395 | 0.382984 | 0.435069 | 0.455658 |
| Fibonacci | 0.294970 | 0.322731 | 0.339882 | 0.367644 | 0.395405 | 0.412556 | 0.440318 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 58.19 | |
| MACD (12,26,9): | 0.0024 | |
| Directional Movement: | 3.093844 | |
| AROON (14): | 7.142857 | |
| DEMA (21): | 0.326673 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.319069 | |
| Elder Ray (13): | 0.000636 | |
| Super Trend (3,10): | 0.319334 | |
| Zig ZAG (10): | 0.324674 | |
| VORTEX (21): | 1.1921 | |
| Stochastique (14,3,5): | 46.10 | |
| TEMA (21): | 0.327297 | |
| Williams %R (14): | -74.41 | |
| Chande Momentum Oscillator (20): | -0.004746 | |
| Repulse (5,40,3): | -0.0648 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1356 | |
| Courbe Coppock: | 3.61 |
| MA7: | 0.318657 | |
| MA20: | 0.317975 | |
| MA50: | 0.342940 | |
| MA100: | 0.343173 | |
| MAexp7: | 0.325182 | |
| MAexp20: | 0.323299 | |
| MAexp50: | 0.319598 | |
| MAexp100: | 0.316925 | |
| Price / MA7: | +2.37% | |
| Price / MA20: | +2.59% | |
| Price / MA50: | -4.88% | |
| Price / MA100: | -4.94% | |
| Price / MAexp7: | +0.32% | |
| Price / MAexp20: | +0.90% | |
| Price / MAexp50: | +2.07% | |
| Price / MAexp100: | +2.93% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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