Facing its 1st important resistance on the way up at around ~1700 sats
UCTS showing a buy signal on the 2D chart & lower timeframes..
If follows what Alts have been doing over last week, aiming for ~2500 sats seems fair as 1st target.
Let see how it goes. 👍
Please see original with indicator on. Ocean looks great at as it seems to have reached balance well below its ATH. Primed for crossing over some historical hurdles (pending BTC). Too much alignment not to share.
SEE THIS VERSION WITH CHANNEL ALIGNED TO FIB
This is a very strong decline that OCEANBTC experienced but you know what I always say... "Strong drops can lead to strong growth".
The strong drop is coming to an end... High volume started to come in and bullish momentum building up after a break of EMA10.
The downtrend has been broken, prices are now headed towards EMA50.
There can be a retrace once EMA50...
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This is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info how to study and read charts or just need help with some coin, just write to me here a comment, i will try to answer to everybody... i can help you :) all for free, don't...
OCEAN has clearly begun forming higher highs and higher lows.
This is not a definite sign of a reversal, but it is signalling an
excellent opportunity for a low risk trade. Many coins are reversing,
so it makes sense to enter trades like this for some decent medium
or long term positions.
The ideal buy price would be at previous resistance, which we are...
On its current downtrend structure, it has convincingly found higher lows.
Although is has yet to form a higher high, which would signal a better chance for a reversal,
it has other reversal signs as well. It has broken above a long term down trend line.
lthough it did have some arguments above/below this trend line recently, it has closed many
if we check ocean from the Elliot prospective, it needs to goes a bit higher and the fall down to 84 levels in order to complete it's WXY pattern. when you see divergence in RSI or MACD, it would be obvious our bull run started. on that level you have to check the ichmoku conditions and reversal pattern on it. be ready for gain a low-risk profit.
Ocean is almost finished retracing vs btc and is in very good buy zone now! The last thing we need is for btc dominance to stop rising in a next days. If btc.d starts retracing, this trade is coming into play. Ocean has very strong fundamentals! Final target is ~10500 sats!
This is not financial advice, DYOR!
Due to Price making 3 Drives and Engulfing the first Driver we could imagine for the next level when the price arrives at the SZ Zone could break the resistance zone.
I Have spotted the stop losses and target as educational Please do not trade with this analyze But i would be really tanksful to receive you ideas about my analyze