OCEAN PROTOCOL - OCEAN/USD - 1H - Technical analysis published on 11/02/2023 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 0.392320 USD
My targets
0.410097 USD (+2.65%)
0.440013 USD (+10.14%)
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 0.392320 USD. The next resistance located at 0.410097 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 0.440013 USD. After this resistance, buyers could then target 0.520602 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.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.9
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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 rating is 0.399500 USD. The price registered a decrease of -0.94% on the session with the lowest point at 0.395956 USD and the highest point at 0.405500 USD. The deviation from the price is +0.90% for the low point and -1.48% for the high point.0.395956
0.405500
0.399500
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
A study of price movements over other periods shows the following variations:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
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 strongly bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.356589 | 0.382099 | 0.392320 | 0.399500 | 0.410097 | 0.440013 | 0.520602 |
| Change (%) | -10.74% | -4.36% | -1.80% | - | +2.65% | +10.14% | +30.31% |
| Change | -0.042911 | -0.017401 | -0.007180 | - | +0.010597 | +0.040513 | +0.121102 |
| Level | Minor | Intermediate | Intermediate | - | Major | Minor | Minor |
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 | 0.331567 | 0.346233 | 0.374767 | 0.389433 | 0.417967 | 0.432633 | 0.461167 |
| Camarilla | 0.391420 | 0.395380 | 0.399340 | 0.403300 | 0.407260 | 0.411220 | 0.415180 |
| Woodie | 0.338500 | 0.349700 | 0.381700 | 0.392900 | 0.424900 | 0.436100 | 0.468100 |
| Fibonacci | 0.346233 | 0.362736 | 0.372931 | 0.389433 | 0.405936 | 0.416131 | 0.432633 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 66.19 | |
| MACD (12,26,9): | 0.0081 | |
| Directional Movement: | 14.116200 | |
| AROON (14): | 92.857143 | |
| DEMA (21): | 0.397325 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.380691 | |
| Elder Ray (13): | 0.007215 | |
| Super Trend (3,10): | 0.384796 | |
| Zig ZAG (10): | 0.398955 | |
| VORTEX (21): | 1.2511 | |
| Stochastique (14,3,5): | 87.80 | |
| TEMA (21): | 0.403741 | |
| Williams %R (14): | -16.88 | |
| Chande Momentum Oscillator (20): | 0.030550 | |
| Repulse (5,40,3): | -0.7952 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2183 | |
| Courbe Coppock: | 17.43 |
| MA7: | 0.379369 | |
| MA20: | 0.326023 | |
| MA50: | 0.316767 | |
| MA100: | 0.322338 | |
| MAexp7: | 0.397822 | |
| MAexp20: | 0.387620 | |
| MAexp50: | 0.380770 | |
| MAexp100: | 0.374859 | |
| Price / MA7: | +5.31% | |
| Price / MA20: | +22.54% | |
| Price / MA50: | +26.12% | |
| Price / MA100: | +23.94% | |
| Price / MAexp7: | +0.42% | |
| Price / MAexp20: | +3.06% | |
| Price / MAexp50: | +4.92% | |
| Price / MAexp100: | +6.57% |
Quotes :
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Real time data
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