OCEAN has a set a temporary bottom at the 1.414 fib extension/.5 fib retracement. OCEAN is ahead of schedule amongst most cryptocurrencies with a bullish Golden Cross on the Daily Timeframe.
Short term: OCEAN is very overextended, and having a low Market Cap, I expect OCEAN to correct much harder than blue chip cryptocurrencies like BTC and ETH. Expecting a...
Ocean Protocol (OCEANUSD) broke today above the 1D MA50 (blue trend-line) for the first time since April 24. Still, this is not the time to turn bullish, not even on the medium-term, as the pattern since the December 01 2021 High has been a Bearish Megaphone. As long as the price trades below the pattern's Lower Highs (top) trend-line, it is more likely to see a...
We could see an OCEAN/USD recovery:
- EMA Ribbon break on the daily
- Downward channel break
- W pattern break
- Bullish divergence on MACD and RSI
- MACD is about to turn positive
-21 day high
I am waiting for a retest of the W and EMA Ribbon breakout
1rd target - $0.59 (+16.28%)
2rd target = W target - $0.67 (+33%)
3rd target = Strong Supply and Demand...
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I see $OCEAN continuing to make its way upwards, still relatively small MC and amazing news coming out.
Aside from the bullish news, the Green Boxes are the same timeframe in Dec/Jan each year. I am expecting to see $OCEAN perform consistently well in Q1 and Q2 and sometime catch a nice wave above $10 before end of Q2 2022.
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THis 3d chart looks really good.
We have a candle close above cloud resistance, taking support from base and conversion line. A perfect support and major cloud resistance broken. Anticipation a move higher to 5 dollars
The rsi clearly broke the downward structure and i am targeting 80 rsi as the TP area.
General opinion and observation: It looks like...