OCEAN PROTOCOL - OCEAN/USD - 1H - Technical analysis published on 02/13/2024 (GMT)
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- 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 bullish
Underlying:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 0.476287 USD
My targets
0.498031 USD (+2.15%)
0.520602 USD (+6.78%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on OCEAN PROTOCOL - OCEAN/USD as long as the price remains well above 0.476287 USD. The buyers' bullish objective is set at 0.498031 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.520602 USD. If there is any crossing, the next objective would be the resistance located at 0.564963 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
OCEAN PROTOCOL - OCEAN/USD rating 0.487549 USD. On the day, this instrument lost -0.05% and was between 0.484728 USD and 0.490411 USD. This implies that the price is at +0.58% from its lowest and at -0.58% from its highest.0.484728
0.490411
0.487549
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of OCEAN PROTOCOL - OCEAN/USD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% 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.
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 0.430327 | 0.466643 | 0.476287 | 0.487549 | 0.489352 | 0.498031 | 0.520602 |
| Change (%) | -11.74% | -4.29% | -2.31% | - | +0.37% | +2.15% | +6.78% |
| Change | -0.057222 | -0.020906 | -0.011262 | - | +0.001803 | +0.010482 | +0.033053 |
| Level | Minor | Major | Intermediate | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.450993 | 0.458974 | 0.473389 | 0.481370 | 0.495785 | 0.503766 | 0.518181 |
| Camarilla | 0.481644 | 0.483697 | 0.485750 | 0.487803 | 0.489856 | 0.491909 | 0.493962 |
| Woodie | 0.454209 | 0.460583 | 0.476605 | 0.482979 | 0.499001 | 0.505375 | 0.521397 |
| Fibonacci | 0.458974 | 0.467530 | 0.472815 | 0.481370 | 0.489926 | 0.495211 | 0.503766 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.352173 | 0.376420 | 0.419992 | 0.444239 | 0.487811 | 0.512058 | 0.555630 |
| Camarilla | 0.444913 | 0.451130 | 0.457346 | 0.463563 | 0.469780 | 0.475997 | 0.482213 |
| Woodie | 0.361835 | 0.381251 | 0.429654 | 0.449070 | 0.497473 | 0.516889 | 0.565292 |
| Fibonacci | 0.376420 | 0.402327 | 0.418333 | 0.444239 | 0.470146 | 0.486152 | 0.512058 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.203497 | 0.296599 | 0.358097 | 0.451199 | 0.512697 | 0.605799 | 0.667297 |
| Camarilla | 0.377081 | 0.391253 | 0.405424 | 0.419596 | 0.433768 | 0.447939 | 0.462111 |
| Woodie | 0.187696 | 0.288698 | 0.342296 | 0.443298 | 0.496896 | 0.597898 | 0.651496 |
| Fibonacci | 0.296599 | 0.355656 | 0.392142 | 0.451199 | 0.510256 | 0.546742 | 0.605799 |
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): | 65.56 | |
| MACD (12,26,9): | 0.0037 | |
| Directional Movement: | 12.008350 | |
| AROON (14): | 92.857143 | |
| DEMA (21): | 0.487554 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.480224 | |
| Elder Ray (13): | 0.003256 | |
| Super Trend (3,10): | 0.475633 | |
| Zig ZAG (10): | 0.489911 | |
| VORTEX (21): | 1.1657 | |
| Stochastique (14,3,5): | 93.78 | |
| TEMA (21): | 0.489039 | |
| Williams %R (14): | -0.98 | |
| Chande Momentum Oscillator (20): | 0.001032 | |
| Repulse (5,40,3): | 1.4771 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0893 | |
| Courbe Coppock: | 4.51 |
| MA7: | 0.466587 | |
| MA20: | 0.438371 | |
| MA50: | 0.454925 | |
| MA100: | 0.464008 | |
| MAexp7: | 0.486988 | |
| MAexp20: | 0.483019 | |
| MAexp50: | 0.476959 | |
| MAexp100: | 0.467778 | |
| Price / MA7: | +4.49% | |
| Price / MA20: | +11.22% | |
| Price / MA50: | +7.17% | |
| Price / MA100: | +5.07% | |
| Price / MAexp7: | +0.12% | |
| Price / MAexp20: | +0.94% | |
| Price / MAexp50: | +2.22% | |
| Price / MAexp100: | +4.23% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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