OCEAN PROTOCOL - OCEAN/USD
OCEAN PROTOCOL - OCEAN/USD
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Type: Cryptocurrencies
Ticker: OCEANUSD
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OCEAN PROTOCOL - OCEAN/USD - 1H - Technical analysis published on 09/29/2024 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
39%
33%
28%
My opinion
Bearish under 0.706177 USD
My targets
0.667656 USD (-3.85%)
0.637097 USD (-8.25%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on OCEAN PROTOCOL - OCEAN/USD. As long as you are under the resistance located at 0.706177 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.667656 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 0.637097 USD as an objective. Crossing it would then enable sellers to target 0.409984 USD. If the resistance 0.706177 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
3.8

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:
15 min. Daily Weekly

Additional analysis

Quotes

The OCEAN PROTOCOL - OCEAN/USD rating is 0.694421 USD. The price is lower by -0.12% since the last closing with the lowest point at 0.675689 USD and the highest point at 0.706296 USD. The deviation from the price is +2.77% for the low point and -1.68% for the high point.

0.675689
0.706296
0.694421

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning


Bearish opening

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this OCEAN PROTOCOL - OCEAN/USD chart shows a bearish trend. The signals given by moving averages are 78.57% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

On the 18 technical indicators analysed, 7 are bullish, 5 are neutral and 6 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


CCI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

SuperTrend indicator bearish reversal

Type : Bearish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.409984 0.637097 0.667656 0.694421 0.706177 0.722233 0.744428
Change (%) -40.96% -8.25% -3.85% - +1.69% +4.01% +7.20%
Change -0.284437 -0.057324 -0.026765 - +0.011756 +0.027812 +0.050007
Level Major Minor Major - Major Minor Intermediate



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
Standard0.5949630.6366380.6659500.7076250.7369370.7786120.807924
Camarilla0.6757420.6822490.6887560.6952630.7017700.7082770.714784
Woodie0.5887830.6335470.6597700.7045340.7307570.7755210.801744
Fibonacci0.6366380.6637550.6805080.7076250.7347420.7514950.778612


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.5729560.6210070.6581350.7061860.7433140.7913650.828493
Camarilla0.6718390.6796470.6874550.6952630.7030710.7108790.718687
Woodie0.5674950.6182760.6526740.7034550.7378530.7886340.823032
Fibonacci0.6210070.6535450.6736480.7061860.7387240.7588270.791365


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0545420.2003230.3451620.4909430.6357820.7815630.926402
Camarilla0.4100810.4367210.4633610.4900010.5166410.5432810.569922
Woodie0.0540710.2000880.3446910.4907080.6353110.7813280.925931
Fibonacci0.2003230.3113400.3799260.4909430.6019600.6705460.781563

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): 39.83
MACD (12,26,9): -0.0045
Directional Movement: -3.635822
AROON (14): -21.428571
DEMA (21): 0.684647
Parabolic SAR (0,02-0,02-0,2): 0.697495
Elder Ray (13): -0.003501
Super Trend (3,10): 0.716447
Zig ZAG (10): 0.681635
VORTEX (21): 0.9792
Stochastique (14,3,5): 27.66
TEMA (21): 0.684310
Williams %R (14): -87.97
Chande Momentum Oscillator (20): -0.014983
Repulse (5,40,3): -2.0213
ROCnROLL: 2
TRIX (15,9): -0.0896
Courbe Coppock: 2.10
MA7: 0.710161
MA20: 0.652104
MA50: 0.535938
MA100: 0.535891
MAexp7: 0.685593
MAexp20: 0.691558
MAexp50: 0.699894
MAexp100: 0.705838
Price / MA7: -2.22%
Price / MA20: +6.49%
Price / MA50: +29.57%
Price / MA100: +29.58%
Price / MAexp7: +1.29%
Price / MAexp20: +0.41%
Price / MAexp50: -0.78%
Price / MAexp100: -1.62%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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