Very very nice and clear continuation pattern on OCEAN. The pattern is becoming mature and the Bollinder bands are tight so volatility should resume fairly soon.
The trend is your friend and right now it's bullish so the most probable scenario is the breakout on the upside.
Advice is buy now and sell if scenario is invalidated
OCEAN is forming a symmetric triangle and now narrowing down. The triangle is ready to break out and we will see a good rally after the breakout. OCEAN protocol has a very active team and a lot of developments are going on.
Buy Zone: 2480-2540
OCEAN in USDT pair was contained in a horizontal and an ascending channel in daily timeframe, it managed to broke the resistance of horizontal top and made a clean pull-back, yet still is consolidating in the ascending one. Knowing that a strong trend-line supported the price since Feb 10th, it should be reasonable to think we may see a huge bounce off the trend...
The next target is equal to the width of the channel, about $ 2.2. I have set the stop loss under the canal roof of the channel.
This crypto seems to be pulling back to the channel roof and it is the best time to enter it.
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Update for the Ocean swing i will be looking to take a position tomorrow most likely we saw a big rebound after closing below the 0.2 fib! The zero lag macd is falling and im looking to see if we are going to see a bigger fall to the downside like we saw previously to the left, that would be very ideal for a nice swing. The RSI is coming down but we are still a...
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Enter ocean from 1.58 and 1.55 so at 1.58 enter half position and 1.55 another half SL 1.49 TP 1.89 honestly to the best setup but if wee see some bitcoin dipege today this can fill and go up from there if no then cancel.
yesterday was time actually but im just writing so you have idea what to look for , for example yesterday was simple daily 21 EMA and 4H 100EMA...