ANALYSIS 🔎
- OCEANUSDT is consolidating in a symmetrical triangle pattern.
- Price bounced off the symmetrical triangle's inclined support.
- Price brokeout above the the descending trendline resistance (1).
- Price pulled back and is retesting the fibonacci retracement level and ascending channel support.
- The retracement is resisted by a descending trendline...
Ticker: OCEAN
Fundamentals
Ocean Protocol uses something called PoD (proof of data) and is in the business of Big Data, which is expected to reach $229.4 Billion by 2025. PoD is a little bit like PoS where you can stake your coins to earn rewards.
Ocean gives big data tools for Web3, which is a massive game changer. Think if Cambridge Analytica was an ethical...
OCEAN USD is consolidating since 15th August 2020.
The all-time high of around 74 cents is yet to be broken.
The market is nicely set up to take on the ATH in the short term.
The increasing volume since December shows that the project is in the interest of investors and 0.63 Fibonacci line
was tested on 19th January and it has set higher high and higher low...
Hello Traders,
Ocean/usdt has formed an uptrend channel.
If and when we break the resistance, we should expect a retest of recent highs. A lot of speculation behind an upward movement which can also help. I’m following the FIB for Take Profits. My last take profit is right around $.63-$.75 if we can break current 200/255 MA resistance.
Sitting on my hands for...
OCEANUSDT D1: 50% GAINS already FINAL TP +100% gains (RECAP)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Congrats if you followed original trade setup.
already running at +50% gains. FINAL TP BULLS +100% gains.
feel free to recap original trade setup:
🔸 Summary and potential trade setup
::: OCEANUSDT daily chart...
OCEAN/USDT is showing signs of incoming breakout in the coming days / weeks.
There are two possible scenarios:
If the long term support line breaks (unlikely) it will be perfect opportunity SHORT. (5% chance)
If the resistance breaks, it's a sign for LONG. (95% chance). 🚀
Wait for the breakout before trading to lower the risk, or accumulate now, for...
ocean protocol price made really good breakout above the Resistance
S/R flip will happen after bounce from the retest zone you can enter the trade with stop below the 0.41$
wait for price to flip the zone than enter the trade.
Going over the count I put out last year, the wave up we had from the lows isn't an impulse in my eyes due to no extended wave
So i believe we are in a WXY correction and are currently within the Y wave before we get a bigger correction.
