Looking for potential assets that have trading confluence that demonstrate market activity that shows "where the herd has been flocking"
In other words the purple box shows the market psychology of where the trading action has been for a while. It just confirmed it broke to the upside out of the triangle starting a new path forward.
This tells me...
This is one of the most legit crypto projects out there.
The Deutsche Bundesbank has awarded the Ocean Protocol the contract for the conceptual design of a decentralized data network.
The indicators are bullish on most timeframes.
If you are interested to test some amazing BUY and SELL INDICATORS that i use, which give the signal at the beginning of the candle,...
I wanted to share some observations regarding OCEAN. I've started charting it in USD as it gives a better picture on where we are heading. I only use BTC paired charts along with BTC dominance to determine the need to swap profits over to BTC.
1. Symmetrical triangle on the daily. With a bounce off the bottom the last couple of weeks I see a breakout in the next...
if $ocean looses .23 fib level ocean to revisit point A so i see a coorection playout screnario involving deeper new atl bottoms. if bouces nces before .23 fib levls safe to proceed it c wave. all other cases point to more downside. eyes open folks ocean not rebounding then ocean is is indeed visiting ocean floor.
$ocean in watchlist
last ocean chart as said ...
its alike a yoyo getting ready to spring... that momentum might carry her down to the hi .40s as low as .47 ish. cost average in and buy the dips. With the price action the last few days I would look for the middle of this range for indications this yoyo still goes.
Take profits and good luck.
critical spot for ocean today. She needs to hold here. We just bought in heavy with stop loss at .475 to .485.
I have no doubt this will get back to .61 plus but how bad a beating she takes untill then could go either way. As you can see we bet on Ocean holding here.
Good luck and take profits when she gets to .65 plus...
My Fellow Crypto Traders,
Appreciate you taking the time to view my analysis, in which I hope you may find it beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing.
Cheers & Happy Trading!
Get ready for some volatility.
Elections are just around the corner (tomorrow). We just had the monthly close on Bitcoin which is bullish, but I expect there to be a bit of a bearish move up until the elections tomorrow and through Wednesday in either direction.
There is a slight chance that Ocean may never retest the trend line (painted in black)...