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 08/30/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: 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

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 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.

Central Gaps

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:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
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
Standard0.2951750.3029700.3147020.3224970.3342290.3420240.353756
Camarilla0.3210640.3228540.3246440.3264340.3282240.3300140.331804
Woodie0.2971440.3039540.3166710.3234810.3361980.3430080.355725
Fibonacci0.3029700.3104290.3150380.3224970.3299560.3345650.342024


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.2566540.2719270.2924980.3077710.3283420.3436150.364186
Camarilla0.3032120.3064980.3097830.3130690.3163550.3196400.322926
Woodie0.2593030.2732520.2951470.3090960.3309910.3449400.366835
Fibonacci0.2719270.2856190.2940790.3077710.3214630.3299230.343615


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.2481340.2949700.3208080.3676440.3934820.4403180.466156
Camarilla0.3266620.3333230.3399850.3466470.3533090.3599710.366632
Woodie0.2376360.2897210.3103100.3623950.3829840.4350690.455658
Fibonacci0.2949700.3227310.3398820.3676440.3954050.4125560.440318

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 : - Real time data - Cryptocompare

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

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