OCEAN Protocol Token is an altcoin with some interesting potential. 1-2 1-2 as you can see here, I believe this to be in line of a start of a new impulse. I am right, we are starting Wave 3. Again to early to call Fib Goals, but that is just around the corner. Not financial advice - do your own research.
I see.a short retrace to 0.2000 support with a strong move upwards.
Looking for patterns for upside potential on this new listing. If support is respected and resistance is cleared we buy.
I've used multiple time frames, indicators, and analysis to come to this conclusion. We were heavily due for a market correction and if BTC fails to make newer highs, ALL Alts will suffer with it, no matter the fundamentals. Ocean has great fundamentals and so I would recommend you buy between the ranges of .20 - .18 As for my reasoning on the pullback, not...
The only way to join the party is waiting for a major pull back
I have seen the formation of posible cup & handle pattern. If the price break above it, we might enter in long. The target of this trade would be at 0,154 $ with a Stop Loss at 0.047$. Risk/reward ratio:1.55
Ocean has huge upside potential in the coming weeks according to TA. Price action could lead to a second breakout. Assets that break out a second time their higher resistances have statistically higher chance of continuing doing so. The inverse head and shoulder is very deep hence price could explode quickly especially if price consolidate around 7cents with...
OCEAN protocol basic charting analysis
Local top on OCEAN/USD Reasons: 1) bearish divergence at RSI 70 2) CMF crossing zero line