OCEAN PROTOCOL - OCEAN/USD - 1H - Technical analysis published on 11/01/2023 (GMT)
- 128
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
28%
56%
17%
My opinion
Bearish under 0.382099 USD
My targets
0.356589 USD (-3.05%)
0.339022 USD (-7.82%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on OCEAN PROTOCOL - OCEAN/USD as long as the price remains well below 0.382099 USD. The sellers' bearish objective is set at 0.356589 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.339022 USD. In case of crossing, the next objective would be the support located at 0.329667 USD.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
4.8
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 SprangsOpportunities. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The OCEAN PROTOCOL - OCEAN/USD price is 0.367800 USD. On the day, this instrument lost -1.92% and was between 0.360900 USD and 0.382600 USD. This implies that the price is at +1.91% from its lowest and at -3.87% from its highest.0.360900
0.382600
0.367800
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
A technical analysis in 1H of this OCEAN PROTOCOL - OCEAN/USD chart shows a bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 3 are neutral and 10 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
SuperTrend indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.329667 | 0.339022 | 0.356589 | 0.367800 | 0.382099 | 0.392320 | 0.410097 |
| Change (%) | -10.37% | -7.82% | -3.05% | - | +3.89% | +6.67% | +11.50% |
| Change | -0.038133 | -0.028778 | -0.011211 | - | +0.014299 | +0.024520 | +0.042297 |
| Level | Minor | Major | Minor | - | Intermediate | Intermediate | 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 | 0.306888 | 0.327794 | 0.351388 | 0.372294 | 0.395888 | 0.416794 | 0.440388 |
| Camarilla | 0.362745 | 0.366824 | 0.370903 | 0.374982 | 0.379061 | 0.383140 | 0.387220 |
| Woodie | 0.308232 | 0.328466 | 0.352732 | 0.372966 | 0.397232 | 0.417466 | 0.441732 |
| Fibonacci | 0.327794 | 0.344793 | 0.355295 | 0.372294 | 0.389293 | 0.399795 | 0.416794 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.192439 | 0.237669 | 0.301839 | 0.347069 | 0.411239 | 0.456469 | 0.520639 |
| Camarilla | 0.335923 | 0.345951 | 0.355980 | 0.366008 | 0.376036 | 0.386065 | 0.396093 |
| Woodie | 0.201908 | 0.242404 | 0.311308 | 0.351804 | 0.420708 | 0.461204 | 0.530108 |
| Fibonacci | 0.237669 | 0.279460 | 0.305279 | 0.347069 | 0.388860 | 0.414679 | 0.456469 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.175953 | 0.223046 | 0.299014 | 0.346107 | 0.422075 | 0.469168 | 0.545136 |
| Camarilla | 0.341140 | 0.352421 | 0.363701 | 0.374982 | 0.386263 | 0.397543 | 0.408824 |
| Woodie | 0.190391 | 0.230265 | 0.313452 | 0.353326 | 0.436513 | 0.476387 | 0.559574 |
| Fibonacci | 0.223046 | 0.270055 | 0.299098 | 0.346107 | 0.393116 | 0.422159 | 0.469168 |
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): | 41.86 | |
| MACD (12,26,9): | -0.0026 | |
| Directional Movement: | -16.804978 | |
| AROON (14): | -42.857143 | |
| DEMA (21): | 0.367635 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.382178 | |
| Elder Ray (13): | -0.006443 | |
| Super Trend (3,10): | 0.361045 | |
| Zig ZAG (10): | 0.365081 | |
| VORTEX (21): | 0.8633 | |
| Stochastique (14,3,5): | 25.82 | |
| TEMA (21): | 0.367399 | |
| Williams %R (14): | -77.18 | |
| Chande Momentum Oscillator (20): | -0.001248 | |
| Repulse (5,40,3): | -0.5533 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0987 | |
| Courbe Coppock: | 2.11 |
| MA7: | 0.364848 | |
| MA20: | 0.318589 | |
| MA50: | 0.314305 | |
| MA100: | 0.321457 | |
| MAexp7: | 0.368584 | |
| MAexp20: | 0.371171 | |
| MAexp50: | 0.374459 | |
| MAexp100: | 0.370177 | |
| Price / MA7: | +0.81% | |
| Price / MA20: | +15.45% | |
| Price / MA50: | +17.02% | |
| Price / MA100: | +14.42% | |
| Price / MAexp7: | -0.21% | |
| Price / MAexp20: | -0.91% | |
| Price / MAexp50: | -1.78% | |
| Price / MAexp100: | -0.64% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis OCEAN PROTOCOL - OCEAN/USD - 1H