OCEAN PROTOCOL - OCEAN/USD - 1H - Technical analysis published on 11/14/2023 (GMT)
- 158
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- 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 bearish
Underlying:
Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 0.397926 USD
My targets
0.373600 USD (-2.77%)
0.356589 USD (-7.20%)
My analysis
The bearish trend is currently very strong for OCEAN PROTOCOL - OCEAN/USD. As long as the price remains below the resistance at 0.397926 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.373600 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.356589 USD as an objective. Crossing it would then enable sellers to target 0.339022 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, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.8
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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The OCEAN PROTOCOL - OCEAN/USD rating is 0.384251 USD. On the day, this instrument lost -0.06% and was between 0.371900 USD and 0.385400 USD. This implies that the price is at +3.32% from its lowest and at -0.30% from its highest.0.371900
0.385400
0.384251
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by OCEAN PROTOCOL - OCEAN/USD:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of OCEAN PROTOCOL - OCEAN/USD indicates that the overall trend is strongly bearish. 89.29% 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.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.339022 | 0.356589 | 0.373600 | 0.384251 | 0.397926 | 0.410097 | 0.429854 |
| Change (%) | -11.77% | -7.20% | -2.77% | - | +3.56% | +6.73% | +11.87% |
| Change | -0.045229 | -0.027662 | -0.010651 | - | +0.013675 | +0.025846 | +0.045603 |
| Level | Major | Minor | Intermediate | - | Minor | Major | Intermediate |
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 | 0.306816 | 0.345640 | 0.365052 | 0.403876 | 0.423288 | 0.462112 | 0.481524 |
| Camarilla | 0.368449 | 0.373787 | 0.379126 | 0.384464 | 0.389802 | 0.395141 | 0.400479 |
| Woodie | 0.297110 | 0.340787 | 0.355346 | 0.399023 | 0.413582 | 0.457259 | 0.471818 |
| Fibonacci | 0.345640 | 0.367886 | 0.381630 | 0.403876 | 0.426122 | 0.439866 | 0.462112 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.322816 | 0.348208 | 0.383416 | 0.408808 | 0.444016 | 0.469408 | 0.504616 |
| Camarilla | 0.401959 | 0.407514 | 0.413069 | 0.418624 | 0.424179 | 0.429734 | 0.435289 |
| Woodie | 0.327724 | 0.350662 | 0.388324 | 0.411262 | 0.448924 | 0.471862 | 0.509524 |
| Fibonacci | 0.348208 | 0.371357 | 0.385659 | 0.408808 | 0.431957 | 0.446259 | 0.469408 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 34.01 | |
| MACD (12,26,9): | -0.0108 | |
| Directional Movement: | -35.080871 | |
| AROON (14): | -64.285714 | |
| DEMA (21): | 0.382140 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.372168 | |
| Elder Ray (13): | -0.005564 | |
| Super Trend (3,10): | 0.401161 | |
| Zig ZAG (10): | 0.384408 | |
| VORTEX (21): | 0.7472 | |
| Stochastique (14,3,5): | 26.21 | |
| TEMA (21): | 0.376607 | |
| Williams %R (14): | -71.69 | |
| Chande Momentum Oscillator (20): | -0.016362 | |
| Repulse (5,40,3): | 0.1920 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3551 | |
| Courbe Coppock: | 13.75 |
| MA7: | 0.407980 | |
| MA20: | 0.395339 | |
| MA50: | 0.338162 | |
| MA100: | 0.329778 | |
| MAexp7: | 0.384905 | |
| MAexp20: | 0.395863 | |
| MAexp50: | 0.408454 | |
| MAexp100: | 0.412457 | |
| Price / MA7: | -5.82% | |
| Price / MA20: | -2.80% | |
| Price / MA50: | +13.63% | |
| Price / MA100: | +16.52% | |
| Price / MAexp7: | -0.17% | |
| Price / MAexp20: | -2.93% | |
| Price / MAexp50: | -5.93% | |
| Price / MAexp100: | -6.84% |
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