The second idea being shared regarding OCN.
Here is the link to the first.
You will notice the idea was generally tracking well until... you guessed it, BTC decided to go for a run and leave ALTS behind. Our MA's had crossed and OCN...
This (short-intermediate term) analysis indicates a double-three corrective pattern for OCN. Buying/Selling is your responsibility you can take it or leave it!
Note: The missing data can be found eslewhere! .
According to Coingecko, $OCN / TestherUSD on Huobi exchange makes up for over 30% of total volume for Odyssey coin. Note the break of bottom channel resistance with high volume & now the retest of bottom channel as support. Long from 60-62 for 400%-500% by mid May.
How I said early - Odyssey now work just in long. We saw bottom before and now we going up.
Also you can see beutifull kine on RSI. You can work with this
Also we have pattern "cup", that mean that we moving up.
But most of all I use logic: nobody want to sell with this price, mane people have position from 100-150 and they don't want to sell with so big minus,...
As you can see from the last HIGH, we are entering in the last phase of the rebound on the solder !
H&S pattern can be a realistic one ... but yet again ... this is not an advice, it's just a theory !
OCN has had a great run these last few weeks and now we are in a good position to jump on this trend.
After breaking out of resistance we see that price retested that price zone and is now acting as support.
21 EMA has also been a good indication of support.
R:R is ideal in the low 90 sats for entry and high 80 sats as a SL.
Good luck traders and...
Buy Price: Yellow Line
TP: Green Lines
Moon: White Line
Support: Blue Line
SL: Red Line (I don't recommend you to sell in loss.)
Invest Suggestion: 5-10 Percent
Profit Expectations: 5, 10 or >20 Percent
Just hold and watch. Sell when you get some profit. Good Luck!
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