OCEAN PROTOCOL - OCEAN/ETH - 1H - Technical analysis published on 03/29/2024 (GMT)
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- 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:
Slightly bullish
Technical indicators
17%
28%
56%
My opinion
Bearish under 0.000395 ETH
My targets
0.000372 ETH (-4.37%)
0.000350 ETH (-10.03%)
My analysis
The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for OCEAN PROTOCOL - OCEAN/ETH as long as the price remains well below 0.000395 ETH. The next bearish objective for sellers is set at 0.000372 ETH. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.000350 ETH. In case of crossing, the next objective would be the support located at 0.000330 ETH. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 0.000372 ETH. With this support, against the trend traders who want to buy OCEAN PROTOCOL - OCEAN/ETH on a buy signal from their trading strategy should not hesitate to act.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
1.1
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This analysis was given by Ralhosni. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The OCEAN PROTOCOL - OCEAN/ETH price is 0.000389 ETH. The price is lower by -3.95% since the last closing and was traded between 0.000381 ETH and 0.000413 ETH over the period. The price is currently at +2.10% from its lowest and -5.81% from its highest.0.000381
0.000413
0.000389
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of OCEAN PROTOCOL - OCEAN/ETH in 1H shows an overall slightly bullish trend. 53.57% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that a trend reversal may be taking place. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 3 are bullish, 10 are neutral and 5 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
White gravestone / inverted hammer
Type : Neutral
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.000330 | 0.000350 | 0.000372 | 0.000389 | 0.000395 | 0.000429 | 0.000467 |
| Change (%) | -15.17% | -10.03% | -4.37% | - | +1.54% | +10.28% | +20.05% |
| Change | -0.000059 | -0.000039 | -0.000017 | - | +0.000006 | +0.000040 | +0.000078 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 0.000315 | 0.000344 | 0.000374 | 0.000403 | 0.000433 | 0.000462 | 0.000492 |
| Camarilla | 0.000389 | 0.000394 | 0.000400 | 0.000405 | 0.000410 | 0.000416 | 0.000421 |
| Woodie | 0.000317 | 0.000344 | 0.000376 | 0.000403 | 0.000435 | 0.000462 | 0.000494 |
| Fibonacci | 0.000344 | 0.000366 | 0.000380 | 0.000403 | 0.000425 | 0.000439 | 0.000462 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.000233 | 0.000258 | 0.000289 | 0.000314 | 0.000345 | 0.000370 | 0.000401 |
| Camarilla | 0.000304 | 0.000309 | 0.000314 | 0.000319 | 0.000324 | 0.000329 | 0.000334 |
| Woodie | 0.000235 | 0.000260 | 0.000291 | 0.000316 | 0.000347 | 0.000372 | 0.000403 |
| Fibonacci | 0.000258 | 0.000280 | 0.000293 | 0.000314 | 0.000336 | 0.000349 | 0.000370 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.000089 | 0.000132 | 0.000192 | 0.000235 | 0.000295 | 0.000338 | 0.000398 |
| Camarilla | 0.000223 | 0.000232 | 0.000242 | 0.000251 | 0.000260 | 0.000270 | 0.000279 |
| Woodie | 0.000097 | 0.000136 | 0.000200 | 0.000239 | 0.000303 | 0.000342 | 0.000406 |
| Fibonacci | 0.000132 | 0.000172 | 0.000196 | 0.000235 | 0.000275 | 0.000299 | 0.000338 |
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): | 41.65 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 0.948601 | |
| AROON (14): | -50.000000 | |
| DEMA (21): | 0.000393 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.000397 | |
| Elder Ray (13): | -0.000004 | |
| Super Trend (3,10): | 0.000382 | |
| Zig ZAG (10): | 0.000388 | |
| VORTEX (21): | 0.8633 | |
| Stochastique (14,3,5): | 22.45 | |
| TEMA (21): | 0.000387 | |
| Williams %R (14): | -75.00 | |
| Chande Momentum Oscillator (20): | -0.000004 | |
| Repulse (5,40,3): | -0.9561 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0574 | |
| Courbe Coppock: | 5.59 |
| MA7: | 0.000355 | |
| MA20: | 0.000326 | |
| MA50: | 0.000279 | |
| MA100: | 0.000238 | |
| MAexp7: | 0.000391 | |
| MAexp20: | 0.000396 | |
| MAexp50: | 0.000392 | |
| MAexp100: | 0.000377 | |
| Price / MA7: | +9.58% | |
| Price / MA20: | +19.33% | |
| Price / MA50: | +39.43% | |
| Price / MA100: | +63.45% | |
| Price / MAexp7: | -0.51% | |
| Price / MAexp20: | -1.77% | |
| Price / MAexp50: | -0.77% | |
| Price / MAexp100: | +3.18% |
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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