OCEAN PROTOCOL - OCEAN/USD

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- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	OCEANUSD
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OCEAN PROTOCOL - OCEAN/USD - 1H - Technical analysis published on 11/09/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

56%

11%

33%

My opinion

Bullish above 0.592196 USD

My targets

0.608836 USD (+1.35%)

0.634595 USD (+5.64%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on OCEAN PROTOCOL - OCEAN/USD. As long as you are above the support located at 0.592196 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 0.608836 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 0.634595 USD as an objective. Crossing it would then enable buyers to target 0.656190 USD. If the support 0.592196 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

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

3.9

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 0.600703 USD. The price registered a decrease of -0.14% on the session and was traded between 0.593170 USD and 0.612526 USD over the period. The price is currently at +1.27% from its lowest and -1.93% from its highest.

0.593170

0.612526

0.600703

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:

Technical

Technical analysis of OCEAN PROTOCOL - OCEAN/USD in 1H shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Bullish harami

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.502096	0.520602	0.592196	0.600703	0.608836	0.634595	0.656190
Change (%)	-16.42%	-13.33%	-1.42%	-	+1.35%	+5.64%	+9.24%
Change	-0.098607	-0.080101	-0.008507	-	+0.008133	+0.033892	+0.055487
Level	Minor	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	0.536388	0.557476	0.579517	0.600605	0.622646	0.643734	0.665775
Camarilla	0.589697	0.593650	0.597604	0.601557	0.605511	0.609464	0.613418
Woodie	0.536864	0.557714	0.579993	0.600843	0.623122	0.643972	0.666251
Fibonacci	0.557476	0.573952	0.584130	0.600605	0.617081	0.627259	0.643734

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.401945	0.455276	0.493671	0.547002	0.585397	0.638728	0.677123
Camarilla	0.506841	0.515250	0.523658	0.532066	0.540474	0.548882	0.557291
Woodie	0.394477	0.451542	0.486203	0.543268	0.577929	0.634994	0.669655
Fibonacci	0.455276	0.490315	0.511963	0.547002	0.582041	0.603689	0.638728

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.258839	0.383723	0.471872	0.596756	0.684905	0.809789	0.897938
Camarilla	0.501437	0.520965	0.540493	0.560021	0.579549	0.599077	0.618605
Woodie	0.240472	0.374539	0.453505	0.587572	0.666538	0.800605	0.879571
Fibonacci	0.383723	0.465102	0.515377	0.596756	0.678135	0.728410	0.809789

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):	58.83
MACD (12,26,9):	-0.0003
Directional Movement:	7.530291
AROON (14):	-21.428571
DEMA (21):	0.598408
Parabolic SAR (0,02-0,02-0,2):	0.584687
Elder Ray (13):	0.006392
Super Trend (3,10):	0.575773
Zig ZAG (10):	0.600207
VORTEX (21):	0.9833
Stochastique (14,3,5):	58.63
TEMA (21):	0.598227
Williams %R (14):	-36.27
Chande Momentum Oscillator (20):	0.010223
Repulse (5,40,3):	-2.5291
ROCnROLL:	1
TRIX (15,9):	-0.0322
Courbe Coppock:	1.01

MA7:	0.562734
MA20:	0.563329
MA50:	0.612235
MA100:	0.545106
MAexp7:	0.599432
MAexp20:	0.599020
MAexp50:	0.597215
MAexp100:	0.583845
Price / MA7:	+6.75%
Price / MA20:	+6.63%
Price / MA50:	-1.88%
Price / MA100:	+10.20%
Price / MAexp7:	+0.21%
Price / MAexp20:	+0.28%
Price / MAexp50:	+0.58%
Price / MAexp100:	+2.89%

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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