OCEAN PROTOCOL - OCEAN/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	OCEANUSD
ISIN:

OCEAN PROTOCOL - OCEAN/USD - 1H - Technical analysis published on 09/14/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 0.591865 USD

My targets

0.611665 USD (+2.58%)

0.626381 USD (+5.05%)

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/USD as long as the price remains well above 0.591865 USD. The buyers' bullish objective is set at 0.611665 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.626381 USD. If there is any crossing, the next objective would be the resistance located at 0.667656 USD. 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

7.7

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

Additional analysis

Quotes

The OCEAN PROTOCOL - OCEAN/USD rating is 0.596260 USD. The price registered a decrease of -0.02% on the session and was traded between 0.577843 USD and 0.608817 USD over the period. The price is currently at +3.19% from its lowest and -2.06% from its highest.

0.577843

0.608817

0.596260

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of OCEAN PROTOCOL - OCEAN/USD indicates that the overall trend is strongly bullish. 82.14% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near support of channel

Type : Bullish

Timeframe : 1 hour

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:

Bullish harami cross

Type : Bullish

Timeframe : 1 hour

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.520602	0.564215	0.591865	0.596260	0.611665	0.626381	0.667656
Change (%)	-12.69%	-5.37%	-0.74%	-	+2.58%	+5.05%	+11.97%
Change	-0.075658	-0.032045	-0.004395	-	+0.015405	+0.030121	+0.071396
Level	Intermediate	Intermediate	Intermediate	-	Minor	Intermediate	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.521993	0.543104	0.569443	0.590554	0.616893	0.638004	0.664343
Camarilla	0.582733	0.587083	0.591432	0.595782	0.600132	0.604481	0.608831
Woodie	0.524607	0.544411	0.572057	0.591861	0.619507	0.639311	0.666957
Fibonacci	0.543104	0.561230	0.572428	0.590554	0.608680	0.619878	0.638004

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.303713	0.370485	0.415513	0.482285	0.527313	0.594085	0.639113
Camarilla	0.429795	0.440043	0.450292	0.460540	0.470788	0.481037	0.491285
Woodie	0.292840	0.365049	0.404640	0.476849	0.516440	0.588649	0.628240
Fibonacci	0.370485	0.413193	0.439578	0.482285	0.524993	0.551378	0.594085

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.013346	0.146012	0.318007	0.477365	0.649360	0.808718	0.980713
Camarilla	0.398879	0.429253	0.459627	0.490001	0.520375	0.550749	0.581123
Woodie	-0.007029	0.149171	0.324325	0.480524	0.655678	0.811877	0.987031
Fibonacci	0.146012	0.272589	0.350789	0.477365	0.603942	0.682142	0.808718

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):	57.33
MACD (12,26,9):	0.0022
Directional Movement:	12.521996
AROON (14):	35.714285
DEMA (21):	0.592905
Parabolic SAR (0,02-0,02-0,2):	0.586401
Elder Ray (13):	0.004273
Super Trend (3,10):	0.568965
Zig ZAG (10):	0.596260
VORTEX (21):	1.0326
Stochastique (14,3,5):	65.94
TEMA (21):	0.595063
Williams %R (14):	-34.46
Chande Momentum Oscillator (20):	0.012689
Repulse (5,40,3):	0.5504
ROCnROLL:	1
TRIX (15,9):	0.0215
Courbe Coppock:	3.68

MA7:	0.565471
MA20:	0.526471
MA50:	0.466824
MA100:	0.534986
MAexp7:	0.594044
MAexp20:	0.590697
MAexp50:	0.587997
MAexp100:	0.576733
Price / MA7:	+5.44%
Price / MA20:	+13.26%
Price / MA50:	+27.73%
Price / MA100:	+11.45%
Price / MAexp7:	+0.37%
Price / MAexp20:	+0.94%
Price / MAexp50:	+1.41%
Price / MAexp100:	+3.39%

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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