OCEAN PROTOCOL - OCEAN/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	OCEANUSD
ISIN:

OCEAN PROTOCOL - OCEAN/USD - Daily - Technical analysis published on 11/12/2023 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

28%

My opinion

Bullish above 0.410097 USD

My targets

0.469168 USD (+8.08%)

0.520602 USD (+19.93%)

My analysis

The bullish trend is currently very strong on OCEAN PROTOCOL - OCEAN/USD. As long as the price remains above the support at 0.410097 USD, you could try to benefit from the boom. The first bullish objective is located at 0.469168 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.520602 USD as an objective. Crossing it would then enable buyers to target 0.986000 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.4

Comment on the analysis

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 SprangsOpportunities. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

OCEAN PROTOCOL - OCEAN/USD rating 0.434100 USD. The price has increased by +3.70% since the last closing and was traded between 0.398000 USD and 0.450760 USD over the period. The price is currently at +9.07% from its lowest and -3.70% from its highest.

0.398000

0.450760

0.434100

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of OCEAN PROTOCOL - OCEAN/USD in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 13 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.356589	0.382034	0.410097	0.434100	0.520602	0.986000	1.286050
Change (%)	-17.86%	-11.99%	-5.53%	-	+19.93%	+127.14%	+196.26%
Change	-0.077511	-0.052066	-0.024003	-	+0.086502	+0.551900	+0.851950
Level	Minor	Minor	Major	-	Minor	Minor	Major

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	0.371816	0.387408	0.403016	0.418608	0.434216	0.449808	0.465416
Camarilla	0.410044	0.412904	0.415764	0.418624	0.421484	0.424344	0.427204
Woodie	0.371824	0.387412	0.403024	0.418612	0.434224	0.449812	0.465424
Fibonacci	0.387408	0.399326	0.406690	0.418608	0.430526	0.437890	0.449808

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.322816	0.348208	0.383416	0.408808	0.444016	0.469408	0.504616
Camarilla	0.401959	0.407514	0.413069	0.418624	0.424179	0.429734	0.435289
Woodie	0.327724	0.350662	0.388324	0.411262	0.448924	0.471862	0.509524
Fibonacci	0.348208	0.371357	0.385659	0.408808	0.431957	0.446259	0.469408

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.175953	0.223046	0.299014	0.346107	0.422075	0.469168	0.545136
Camarilla	0.341140	0.352421	0.363701	0.374982	0.386263	0.397543	0.408824
Woodie	0.190391	0.230265	0.313452	0.353326	0.436513	0.476387	0.559574
Fibonacci	0.223046	0.270055	0.299098	0.346107	0.393116	0.422159	0.469168

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):	67.86
MACD (12,26,9):	0.0274
Directional Movement:	15.942684
AROON (14):	85.714286
DEMA (21):	0.424344
Parabolic SAR (0,02-0,02-0,2):	0.376024
Elder Ray (13):	0.020757
Super Trend (3,10):	0.335086
Zig ZAG (10):	0.429667
VORTEX (21):	1.1555
Stochastique (14,3,5):	81.87
TEMA (21):	0.437361
Williams %R (14):	-20.49
Chande Momentum Oscillator (20):	0.054865
Repulse (5,40,3):	7.0604
ROCnROLL:	1
TRIX (15,9):	1.1844
Courbe Coppock:	35.71

MA7:	0.415580
MA20:	0.389072
MA50:	0.335525
MA100:	0.328868
MAexp7:	0.415890
MAexp20:	0.388857
MAexp50:	0.354840
MAexp100:	0.342218
Price / MA7:	+4.46%
Price / MA20:	+11.57%
Price / MA50:	+29.38%
Price / MA100:	+32.00%
Price / MAexp7:	+4.38%
Price / MAexp20:	+11.63%
Price / MAexp50:	+22.34%
Price / MAexp100:	+26.85%

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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