OCEAN PROTOCOL - OCEAN/USD - 1H - Technical analysis published on 12/10/2023 (GMT)
- 165
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
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 0.520602 USD
My targets
0.493720 USD (-2.13%)
0.472644 USD (-6.31%)
My analysis
OCEAN PROTOCOL - OCEAN/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.520602 USD. The next support located at 0.493720 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.472644 USD. Below this support, sellers could then target 0.426107 USD. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
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:
Additional analysis
Quotes
The OCEAN PROTOCOL - OCEAN/USD price is 0.504454 USD. The price registered a decrease of -0.11% on the session with the lowest point at 0.502470 USD and the highest point at 0.509722 USD. The deviation from the price is +0.39% for the low point and -1.03% for the high point.0.502470
0.509722
0.504454
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
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
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
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of OCEAN PROTOCOL - OCEAN/USD in 1H shows a overall strongly bearish trend. The signals given by moving averages are 85.71% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : 1 hour
On the 18 technical indicators analysed, 4 are bullish, 4 are neutral and 10 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.426107 | 0.472644 | 0.493720 | 0.504454 | 0.505822 | 0.520602 | 0.547100 |
| Change (%) | -15.53% | -6.31% | -2.13% | - | +0.27% | +3.20% | +8.45% |
| Change | -0.078347 | -0.031810 | -0.010734 | - | +0.001368 | +0.016148 | +0.042646 |
| Level | Intermediate | Major | Minor | - | Minor | Intermediate | 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 | 0.449087 | 0.473794 | 0.489388 | 0.514095 | 0.529689 | 0.554396 | 0.569990 |
| Camarilla | 0.493900 | 0.497595 | 0.501289 | 0.504983 | 0.508677 | 0.512372 | 0.516066 |
| Woodie | 0.444532 | 0.471516 | 0.484833 | 0.511817 | 0.525134 | 0.552118 | 0.565435 |
| Fibonacci | 0.473794 | 0.489189 | 0.498700 | 0.514095 | 0.529490 | 0.539001 | 0.554396 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.373465 | 0.420732 | 0.462858 | 0.510125 | 0.552251 | 0.599518 | 0.641644 |
| Camarilla | 0.480400 | 0.488594 | 0.496789 | 0.504983 | 0.513177 | 0.521372 | 0.529566 |
| Woodie | 0.370894 | 0.419447 | 0.460287 | 0.508840 | 0.549680 | 0.598233 | 0.639073 |
| Fibonacci | 0.420732 | 0.454881 | 0.475977 | 0.510125 | 0.544274 | 0.565370 | 0.599518 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.235765 | 0.297737 | 0.385465 | 0.447437 | 0.535165 | 0.597137 | 0.684865 |
| Camarilla | 0.432026 | 0.445748 | 0.459471 | 0.473193 | 0.486916 | 0.500638 | 0.514361 |
| Woodie | 0.248643 | 0.304176 | 0.398343 | 0.453876 | 0.548043 | 0.603576 | 0.697743 |
| Fibonacci | 0.297737 | 0.354922 | 0.390252 | 0.447437 | 0.504622 | 0.539952 | 0.597137 |
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): | 36.62 | |
| MACD (12,26,9): | -0.0052 | |
| Directional Movement: | -14.680699 | |
| AROON (14): | -71.428571 | |
| DEMA (21): | 0.506880 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.515365 | |
| Elder Ray (13): | -0.004016 | |
| Super Trend (3,10): | 0.522275 | |
| Zig ZAG (10): | 0.504906 | |
| VORTEX (21): | 0.7925 | |
| Stochastique (14,3,5): | 32.96 | |
| TEMA (21): | 0.503059 | |
| Williams %R (14): | -74.03 | |
| Chande Momentum Oscillator (20): | -0.013238 | |
| Repulse (5,40,3): | -0.3698 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1239 | |
| Courbe Coppock: | 5.80 |
| MA7: | 0.518278 | |
| MA20: | 0.476908 | |
| MA50: | 0.425702 | |
| MA100: | 0.367359 | |
| MAexp7: | 0.507332 | |
| MAexp20: | 0.513159 | |
| MAexp50: | 0.518135 | |
| MAexp100: | 0.517864 | |
| Price / MA7: | -2.67% | |
| Price / MA20: | +5.78% | |
| Price / MA50: | +18.50% | |
| Price / MA100: | +37.32% | |
| Price / MAexp7: | -0.57% | |
| Price / MAexp20: | -1.70% | |
| Price / MAexp50: | -2.64% | |
| Price / MAexp100: | -2.59% |
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