OCEAN PROTOCOL - OCEAN/USDT - 1H - Technical analysis published on 02/22/2023 (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:
Neutral
Underlying:
Bearish
Technical indicators
78%
0%
22%
My opinion
Bearish under 0.454200 USDT
My targets
0.429900 USDT (-3.91%)
0.419600 USDT (-6.21%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.454200 USDT remains possible. It is advisable to trade OCEAN PROTOCOL - OCEAN/USDT with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.454200 USDT. The next bearish objective for sellers is set at 0.429900 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.419600 USDT. In case of crossing, the next objective would be the support located at 0.403100 USDT. PS: if there is a bullish break in the resistance located at 0.454200 USDT we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
0
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Additional analysis
Quotes
The OCEAN PROTOCOL - OCEAN/USDT price is 0.447400 USDT. On the day, this instrument lost -0.60% and was traded between 0.415300 USDT and 0.453700 USDT over the period. The price is currently at +7.73% from its lowest and -1.39% from its highest.0.415300
0.453700
0.447400
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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:
Technical
Technical analysis of OCEAN PROTOCOL - OCEAN/USDT in 1H shows an overall bearish trend. 67.86% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Black gravestone / inverted hammer
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.419600 | 0.429900 | 0.445200 | 0.447400 | 0.454200 | 0.472700 | 0.482967 |
| Change (%) | -6.21% | -3.91% | -0.49% | - | +1.52% | +5.65% | +7.95% |
| Change | -0.027800 | -0.017500 | -0.002200 | - | +0.006800 | +0.025300 | +0.035567 |
| Level | Intermediate | Minor | Major | - | Minor | Minor | 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 | 0.370633 | 0.406367 | 0.428233 | 0.463967 | 0.485833 | 0.521567 | 0.543433 |
| Camarilla | 0.434260 | 0.439540 | 0.444820 | 0.450100 | 0.455380 | 0.460660 | 0.465940 |
| Woodie | 0.363700 | 0.402900 | 0.421300 | 0.460500 | 0.478900 | 0.518100 | 0.536500 |
| Fibonacci | 0.406367 | 0.428370 | 0.441964 | 0.463967 | 0.485970 | 0.499564 | 0.521567 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.309900 | 0.356500 | 0.418900 | 0.465500 | 0.527900 | 0.574500 | 0.636900 |
| Camarilla | 0.451325 | 0.461317 | 0.471308 | 0.481300 | 0.491292 | 0.501283 | 0.511275 |
| Woodie | 0.317800 | 0.360450 | 0.426800 | 0.469450 | 0.535800 | 0.578450 | 0.644800 |
| Fibonacci | 0.356500 | 0.398138 | 0.423862 | 0.465500 | 0.507138 | 0.532862 | 0.574500 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.025533 | 0.069433 | 0.209267 | 0.304233 | 0.444067 | 0.539033 | 0.678867 |
| Camarilla | 0.284530 | 0.306053 | 0.327577 | 0.349100 | 0.370623 | 0.392147 | 0.413670 |
| Woodie | -0.003100 | 0.080650 | 0.231700 | 0.315450 | 0.466500 | 0.550250 | 0.701300 |
| Fibonacci | 0.069433 | 0.159127 | 0.214540 | 0.304233 | 0.393927 | 0.449340 | 0.539033 |
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): | 57.74 | |
| MACD (12,26,9): | -0.0023 | |
| Directional Movement: | 5.647898 | |
| AROON (14): | 92.857143 | |
| DEMA (21): | 0.433080 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.425315 | |
| Elder Ray (13): | 0.011183 | |
| Super Trend (3,10): | 0.425618 | |
| Zig ZAG (10): | 0.449600 | |
| VORTEX (21): | 1.0119 | |
| Stochastique (14,3,5): | 95.03 | |
| TEMA (21): | 0.437155 | |
| Williams %R (14): | -2.90 | |
| Chande Momentum Oscillator (20): | 0.029500 | |
| Repulse (5,40,3): | 2.6016 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2192 | |
| Courbe Coppock: | 3.74 |
| MA7: | 0.462557 | |
| MA20: | 0.455450 | |
| MA50: | 0.356072 | |
| MA100: | 0.252568 | |
| MAexp7: | 0.440142 | |
| MAexp20: | 0.438225 | |
| MAexp50: | 0.447583 | |
| MAexp100: | 0.456471 | |
| Price / MA7: | -3.28% | |
| Price / MA20: | -1.77% | |
| Price / MA50: | +25.65% | |
| Price / MA100: | +77.14% | |
| Price / MAexp7: | +1.65% | |
| Price / MAexp20: | +2.09% | |
| Price / MAexp50: | -0.04% | |
| Price / MAexp100: | -1.99% |
Quotes :
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Real time data
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Cryptocompare
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