After a month of trading horizontally, OCEAN has finally broken out of the channel, making a new ATH in the process.
I'm expecting the price to fall slightly back towards the channel resistance before continuing upward, potentially going into price discovery soon.
*** THIS IS NOT FINANCIAL ADVICE ***
*** DO YOUR OWN RESEARCH ***
*** THINK IT THROUGH ***
Here's my opinion on the current position of OCEAN within the Elliott Wave Theory along with confirmation from RSI.
Waves 4 and 5 have NOT been measured, they are just pointing the direction so if you are to enter any trades at any of those price points, it is on you.
OCEAN has still being accumulated around 1.2$ zone and we can expect it will make a new rally in the next few months to 1.9$ and 2.8$ or even higher
But it's quite early to pump from here, I think it will take us some days to accumulate and retest the 1.2$ zone again
👉Mar 25 : Edge Computing Seminar
👉Apr 12 : European Blockchain Conv
OCEAN testing daily S/R in USDT pair and looking ready for big pump. This is a good time to build positions in OCEAN as it's very strong project.
Buy zone $1.6-$1.7
Target $1.8 - $2 - $2.3 - $2.5 - $2.8 - $3 - $3.5
this alt has been trapped in an ascending channel for a long time and its still valid so we cover that channel and go within its bias
the bulls should get in control any second and ride it to our targets slowly
this idea has the confirmation of advanced price action
for further information about our golden/platinum/diamond baskets contact me via private chat
💡 Hello everyone, if you like my idea, follow me with likes and comments, I will also try to share the best ideas with you, Always do your own research before opening positions and always put stop limit.