OCEAN PROTOCOL - OCEAN/USD - 1H - Technical analysis published on 12/01/2024 (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:
Bullish
Underlying:
Strongly bullish
Technical indicators
44%
11%
44%
My opinion
Bullish above 0.742621 USD
My targets
0.916848 USD (+12.00%)
1.020002 USD (+24.60%)
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 0.742621 USD. The buyers' bullish objective is set at 0.916848 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.020002 USD. If there is any crossing, the next objective would be the resistance located at 1.059899 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
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
0
10
6.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
OCEAN PROTOCOL - OCEAN/USD rating 0.818642 USD. The price registered a decrease of -0.24% on the session and was between 0.782620 USD and 0.835725 USD. This implies that the price is at +4.60% from its lowest and at -2.04% from its highest.0.782620
0.835725
0.818642
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
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 OCEAN PROTOCOL - OCEAN/USD in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is slight given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.591695 | 0.672693 | 0.733119 | 0.818642 | 0.916848 | 1.059899 | 1.439193 |
| Change (%) | -27.72% | -17.83% | -10.45% | - | +12.00% | +29.47% | +75.80% |
| Change | -0.226947 | -0.145949 | -0.085523 | - | +0.098206 | +0.241257 | +0.620551 |
| Level | Intermediate | Intermediate | Major | - | Minor | Intermediate | 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 | 0.597771 | 0.651013 | 0.735822 | 0.789064 | 0.873873 | 0.927115 | 1.011924 |
| Camarilla | 0.782666 | 0.795321 | 0.807975 | 0.820630 | 0.833285 | 0.845939 | 0.858594 |
| Woodie | 0.613554 | 0.658905 | 0.751605 | 0.796956 | 0.889656 | 0.935007 | 1.027707 |
| Fibonacci | 0.651013 | 0.703749 | 0.736329 | 0.789064 | 0.841800 | 0.874380 | 0.927115 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.365554 | 0.465240 | 0.642935 | 0.742621 | 0.920316 | 1.020002 | 1.197697 |
| Camarilla | 0.744350 | 0.769777 | 0.795203 | 0.820630 | 0.846057 | 0.871483 | 0.896910 |
| Woodie | 0.404559 | 0.484742 | 0.681940 | 0.762123 | 0.959321 | 1.039504 | 1.236702 |
| Fibonacci | 0.465240 | 0.571200 | 0.636662 | 0.742621 | 0.848581 | 0.914043 | 1.020002 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.175434 | 0.313144 | 0.566887 | 0.704597 | 0.958340 | 1.096050 | 1.349793 |
| Camarilla | 0.712980 | 0.748864 | 0.784747 | 0.820630 | 0.856513 | 0.892396 | 0.928280 |
| Woodie | 0.233451 | 0.342152 | 0.624904 | 0.733605 | 1.016357 | 1.125058 | 1.407810 |
| Fibonacci | 0.313144 | 0.462679 | 0.555062 | 0.704597 | 0.854132 | 0.946515 | 1.096050 |
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): | 54.82 | |
| MACD (12,26,9): | 0.0084 | |
| Directional Movement: | 4.822947 | |
| AROON (14): | -14.285715 | |
| DEMA (21): | 0.819501 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.789615 | |
| Elder Ray (13): | 0.005030 | |
| Super Trend (3,10): | 0.750262 | |
| Zig ZAG (10): | 0.815167 | |
| VORTEX (21): | 0.9961 | |
| Stochastique (14,3,5): | 54.12 | |
| TEMA (21): | 0.812027 | |
| Williams %R (14): | -38.65 | |
| Chande Momentum Oscillator (20): | -0.018343 | |
| Repulse (5,40,3): | 1.5816 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1982 | |
| Courbe Coppock: | 2.05 |
| MA7: | 0.708645 | |
| MA20: | 0.616869 | |
| MA50: | 0.598199 | |
| MA100: | 0.596442 | |
| MAexp7: | 0.811729 | |
| MAexp20: | 0.804997 | |
| MAexp50: | 0.777854 | |
| MAexp100: | 0.734700 | |
| Price / MA7: | +15.52% | |
| Price / MA20: | +32.71% | |
| Price / MA50: | +36.85% | |
| Price / MA100: | +37.25% | |
| Price / MAexp7: | +0.85% | |
| Price / MAexp20: | +1.70% | |
| Price / MAexp50: | +5.24% | |
| Price / MAexp100: | +11.43% |
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.
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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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