OCEAN PROTOCOL - OCEAN/USD - 1H - Technical analysis published on 06/15/2024 (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:
Strongly bearish
Technical indicators
39%
28%
33%
My opinion
Bearish under 0.664246 USD
My targets
0.616634 USD (-2.85%)
0.564963 USD (-10.99%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on OCEAN PROTOCOL - OCEAN/USD as long as the price remains well below 0.664246 USD. The sellers' bearish objective is set at 0.616634 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.564963 USD. In case of crossing, the next objective would be the support located at 0.409984 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.7
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Additional analysis
Quotes
The OCEAN PROTOCOL - OCEAN/USD price is 0.634695 USD. The price is lower by -0.06% since the last closing with the lowest point at 0.630773 USD and the highest point at 0.639888 USD. The deviation from the price is +0.62% for the low point and -0.81% for the high point.0.630773
0.639888
0.634695
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of OCEAN PROTOCOL - OCEAN/USD in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
On the 18 technical indicators analysed, 7 are bullish, 6 are neutral and 5 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
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:
Near support of channel
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.409984 | 0.564963 | 0.616634 | 0.634695 | 0.667656 | 0.711476 | 0.741609 |
| Change (%) | -35.40% | -10.99% | -2.85% | - | +5.19% | +12.10% | +16.84% |
| Change | -0.224711 | -0.069732 | -0.018061 | - | +0.032961 | +0.076781 | +0.106914 |
| Level | Major | Minor | Intermediate | - | Intermediate | Major | 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 | 0.500664 | 0.558649 | 0.596856 | 0.654841 | 0.693048 | 0.751033 | 0.789240 |
| Camarilla | 0.608610 | 0.617428 | 0.626245 | 0.635063 | 0.643881 | 0.652698 | 0.661516 |
| Woodie | 0.490775 | 0.553705 | 0.586967 | 0.649897 | 0.683159 | 0.746089 | 0.779351 |
| Fibonacci | 0.558649 | 0.595394 | 0.618096 | 0.654841 | 0.691586 | 0.714288 | 0.751033 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.442277 | 0.576270 | 0.664246 | 0.798239 | 0.886215 | 1.020208 | 1.108184 |
| Camarilla | 0.691182 | 0.711529 | 0.731876 | 0.752223 | 0.772570 | 0.792917 | 0.813265 |
| Woodie | 0.419270 | 0.564766 | 0.641239 | 0.786735 | 0.863208 | 1.008704 | 1.085177 |
| Fibonacci | 0.576270 | 0.661062 | 0.713447 | 0.798239 | 0.883031 | 0.935416 | 1.020208 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.425680 | 0.602692 | 0.751913 | 0.928925 | 1.078146 | 1.255158 | 1.404379 |
| Camarilla | 0.811420 | 0.841325 | 0.871229 | 0.901134 | 0.931039 | 0.960943 | 0.990848 |
| Woodie | 0.411785 | 0.595744 | 0.738018 | 0.921977 | 1.064251 | 1.248210 | 1.390484 |
| Fibonacci | 0.602692 | 0.727313 | 0.804304 | 0.928925 | 1.053546 | 1.130537 | 1.255158 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 37.46 | |
| MACD (12,26,9): | -0.0116 | |
| Directional Movement: | -5.399020 | |
| AROON (14): | -28.571429 | |
| DEMA (21): | 0.627914 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.642682 | |
| Elder Ray (13): | -0.004285 | |
| Super Trend (3,10): | 0.658691 | |
| Zig ZAG (10): | 0.634396 | |
| VORTEX (21): | 0.8319 | |
| Stochastique (14,3,5): | 33.27 | |
| TEMA (21): | 0.626015 | |
| Williams %R (14): | -56.55 | |
| Chande Momentum Oscillator (20): | 0.008289 | |
| Repulse (5,40,3): | 0.3680 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2859 | |
| Courbe Coppock: | 8.22 |
| MA7: | 0.688207 | |
| MA20: | 0.817533 | |
| MA50: | 0.888825 | |
| MA100: | 0.994756 | |
| MAexp7: | 0.634725 | |
| MAexp20: | 0.643872 | |
| MAexp50: | 0.663877 | |
| MAexp100: | 0.687674 | |
| Price / MA7: | -7.78% | |
| Price / MA20: | -22.36% | |
| Price / MA50: | -28.59% | |
| Price / MA100: | -36.20% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | -1.43% | |
| Price / MAexp50: | -4.40% | |
| Price / MAexp100: | -7.70% |
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.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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