OCEAN PROTOCOL - OCEAN/USDT - 1H - Technical analysis published on 03/07/2021 (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
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 1.50 USDT
My targets
1.68 USDT (+9.80%)
1.78 USDT (+16.14%)
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/USDT as long as the price remains well above 1.50 USDT. The buyers” bullish objective is set at 1.68 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.78 USDT. If there is any crossing, the next objective would be the resistance located at 2.04 USDT. 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
8.2
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This analysis was given by Currenciesboost. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
OCEAN PROTOCOL - OCEAN/USDT rating 1.53 USDT. The price registered an increase of +16.79% on the session and was traded between 1.32 USDT and 1.60 USDT over the period. The price is currently at +15.91% from its lowest and -4.38% from its highest.1.32
1.60
1.53
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of OCEAN PROTOCOL - OCEAN/USDT in 1H shows a strongly overall bullish trend. 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. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Technical indicators are strongly bullish, suggesting that the price increase should continue.
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 : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 1.15 | 1.19 | 1.26 | 1.53 |
| Change (%) | -25.10% | -22.33% | -17.91% | - |
| Change | -0.38 | -0.34 | -0.27 | - |
| Level | Intermediate | Intermediate | Major | - |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.88 | 0.98 | 1.14 | 1.24 | 1.40 | 1.50 | 1.66 |
| Camarilla | 1.24 | 1.27 | 1.29 | 1.31 | 1.34 | 1.36 | 1.39 |
| Woodie | 0.92 | 0.99 | 1.18 | 1.26 | 1.44 | 1.52 | 1.70 |
| Fibonacci | 0.98 | 1.07 | 1.14 | 1.24 | 1.33 | 1.40 | 1.50 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.42 | 0.60 | 0.96 | 1.14 | 1.50 | 1.68 | 2.04 |
| Camarilla | 1.17 | 1.22 | 1.27 | 1.31 | 1.36 | 1.41 | 1.46 |
| Woodie | 0.51 | 0.65 | 1.05 | 1.19 | 1.58 | 1.72 | 2.12 |
| Fibonacci | 0.60 | 0.81 | 0.94 | 1.14 | 1.35 | 1.47 | 1.68 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.42 | 0.05 | 0.45 | 0.91 | 1.31 | 1.78 | 2.17 |
| Camarilla | 0.60 | 0.68 | 0.76 | 0.84 | 0.92 | 1.00 | 1.08 |
| Woodie | -0.46 | 0.03 | 0.41 | 0.90 | 1.27 | 1.76 | 2.13 |
| Fibonacci | 0.05 | 0.38 | 0.58 | 0.91 | 1.24 | 1.45 | 1.78 |
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): | 65.75 | |
| MACD (12,26,9): | 0.0900 | |
| Directional Movement: | 27.59 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 1.48 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.59 | |
| Elder Ray (13): | 0.05 | |
| Super Trend (3,10): | 1.36 | |
| Zig ZAG (10): | 1.50 | |
| VORTEX (21): | 1.2600 | |
| Stochastique (14,3,5): | 69.01 | |
| TEMA (21): | 1.53 | |
| Williams %R (14): | -26.67 | |
| Chande Momentum Oscillator (20): | 0.25 | |
| Repulse (5,40,3): | 3.7400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 1.0600 | |
| Courbe Coppock: | 51.41 |
| MA7: | 1.15 | |
| MA20: | 1.06 | |
| MA50: | 0.84 | |
| MA100: | 0.62 | |
| MAexp7: | 1.45 | |
| MAexp20: | 1.36 | |
| MAexp50: | 1.24 | |
| MAexp100: | 1.16 | |
| Price / MA7: | +33.04% | |
| Price / MA20: | +44.34% | |
| Price / MA50: | +82.14% | |
| Price / MA100: | +146.77% | |
| Price / MAexp7: | +5.52% | |
| Price / MAexp20: | +12.50% | |
| Price / MAexp50: | +23.39% | |
| Price / MAexp100: | +31.90% |
Quotes :
2021-03-07 09:42:26
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Real time data
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Cryptocompare
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