OCEAN PROTOCOL - OCEAN/USD - 1H - Technical analysis published on 09/14/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
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
0
10
7.7
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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:
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
S3
S2
S1
R1
R2
R3
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 :
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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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