Londinia Opportunities Analyses - 05/17/2024 (GMT) OCEAN PROTOCOL - OCEAN/USDT - 1H
| Type: | Cryptocurrencies |
| Ticker: | OCEANUSDT |
| ISIN: |
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- Cryptocurrencies
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 0.924223 USDT
My targets
0.952620 USDT (+1.61%)
0.966712 USDT (+3.11%)
My analysis
The basic bullish trend is very strong on OCEAN PROTOCOL - OCEAN/USDT but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 0.924223 USDT. Crossing the first resistance at 0.952620 USDT would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 0.966712 USDT as an objective. Crossing it would then enable buyers to target 0.985400 USDT. Caution, a return to below 0.924223 USDT would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bullish opinion of this analysis. 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
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Additional analysis
Quotes
The OCEAN PROTOCOL - OCEAN/USDT rating is 0.937568 USDT. On the day, this instrument lost -1.10% with the lowest point at 0.929381 USDT and the highest point at 0.958536 USDT. The deviation from the price is +0.88% for the low point and -2.19% for the high point.0.929381
0.958536
0.937568
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:
Technical
Technical analysis of OCEAN PROTOCOL - OCEAN/USDT 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 market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
The probability of a further increase are moderate given the direction of the technical indicators.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.840172 | 0.902582 | 0.924223 | 0.937568 | 0.952620 | 0.966712 | 0.985400 |
| Change (%) | -10.39% | -3.73% | -1.42% | - | +1.61% | +3.11% | +5.10% |
| Change | -0.097396 | -0.034986 | -0.013345 | - | +0.015052 | +0.029144 | +0.047832 |
| Level | Major | Intermediate | Minor | - | Intermediate | Minor | 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 | 0.848964 | 0.876252 | 0.912105 | 0.939393 | 0.975246 | 1.002534 | 1.038387 |
| Camarilla | 0.930594 | 0.936382 | 0.942170 | 0.947958 | 0.953746 | 0.959534 | 0.965322 |
| Woodie | 0.853247 | 0.878393 | 0.916388 | 0.941534 | 0.979529 | 1.004675 | 1.042670 |
| Fibonacci | 0.876252 | 0.900372 | 0.915273 | 0.939393 | 0.963513 | 0.978414 | 1.002534 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.696086 | 0.790634 | 0.857646 | 0.952194 | 1.019206 | 1.113754 | 1.180766 |
| Camarilla | 0.880228 | 0.895038 | 0.909847 | 0.924657 | 0.939467 | 0.954276 | 0.969086 |
| Woodie | 0.682317 | 0.783750 | 0.843877 | 0.945310 | 1.005437 | 1.106870 | 1.166997 |
| Fibonacci | 0.790634 | 0.852350 | 0.890478 | 0.952194 | 1.013910 | 1.052038 | 1.113754 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.078341 | 0.291308 | 0.567340 | 0.936989 | 1.213021 | 1.582670 | 1.858702 |
| Camarilla | 0.665810 | 0.724997 | 0.784185 | 0.843372 | 0.902559 | 0.961747 | 1.020934 |
| Woodie | -0.125150 | 0.267904 | 0.520532 | 0.913585 | 1.166213 | 1.559266 | 1.811894 |
| Fibonacci | 0.291308 | 0.537958 | 0.690339 | 0.936989 | 1.183639 | 1.336020 | 1.582670 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 55.23 | |
| MACD (12,26,9): | 0.0032 | |
| Directional Movement: | 4.753291 | |
| AROON (14): | 42.857143 | |
| DEMA (21): | 0.939341 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.914395 | |
| Elder Ray (13): | 0.004632 | |
| Super Trend (3,10): | 0.956440 | |
| Zig ZAG (10): | 0.943724 | |
| VORTEX (21): | 0.9646 | |
| Stochastique (14,3,5): | 61.31 | |
| TEMA (21): | 0.934820 | |
| Williams %R (14): | -28.98 | |
| Chande Momentum Oscillator (20): | 0.033548 | |
| Repulse (5,40,3): | 0.7375 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0443 | |
| Courbe Coppock: | 0.23 |
| MA7: | 0.914709 | |
| MA20: | 0.913836 | |
| MA50: | 0.989503 | |
| MA100: | 0.958892 | |
| MAexp7: | 0.936927 | |
| MAexp20: | 0.934153 | |
| MAexp50: | 0.922846 | |
| MAexp100: | 0.915261 | |
| Price / MA7: | +2.50% | |
| Price / MA20: | +2.60% | |
| Price / MA50: | -5.25% | |
| Price / MA100: | -2.22% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.37% | |
| Price / MAexp50: | +1.60% | |
| Price / MAexp100: | +2.44% |
Quotes :
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Real time data
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