I've used multiple time frames, indicators, and analysis to come to this conclusion.
We were heavily due for a market correction and if BTC fails to make newer highs, ALL Alts will suffer with it, no matter the fundamentals. Ocean has great fundamentals and so I would recommend you buy between the ranges of .20 - .18
As for my reasoning on the pullback, not only is the entire crypto market losing steam, but we are also experiencing some effects of the overall market health and the US Economy. If the Fed fails to print more dollars and soon, I believe the stock market will begin to tumble again and that the entire crypto market will tumble with it.
Ocean is now below the cloud on the daily Ichimoku. It is also below the Tenkan and Kijun lines. Overall, we've failed to make a higher high and we've printed a lower high. A retrace would only be healthy for this market before climbing to newer highs.
I'm LONG over the long term and SHORT during the short term.
We were heavily due for a market correction and if BTC fails to make newer highs, ALL Alts will suffer with it, no matter the fundamentals. Ocean has great fundamentals and so I would recommend you buy between the ranges of .20 - .18
As for my reasoning on the pullback, not only is the entire crypto market losing steam, but we are also experiencing some effects of the overall market health and the US Economy. If the Fed fails to print more dollars and soon, I believe the stock market will begin to tumble again and that the entire crypto market will tumble with it.
Ocean is now below the cloud on the daily Ichimoku. It is also below the Tenkan and Kijun lines. Overall, we've failed to make a higher high and we've printed a lower high. A retrace would only be healthy for this market before climbing to newer highs.
I'm LONG over the long term and SHORT during the short term.