OCEAN is currently in a downward wave-4, having breached the 50% Fibonacci retracement level, which typically marks the final point for wave-4. However, this break has not been sustained. In the crypto market, such levels are often surpassed but can still experience a rally due to high volatility. I've added an additional Fibonacci level at 0.618 as a precaution,...
The ocean asset has reached a lower high (LH) and shows potential for an upward movement. Observing the Fibonacci level, it's currently trading at a discounted price around the Fibonacci level of 0.71. Buying at the current market price is advisable, as it presents an opportunity to ride the trend upward.
Ocean Protocol chart is interesting; a strong upward impulse wave followed by a corrective wave. The correction is unfolding in a descending channel. After price bounced from channel's lower line, an upward wave started, then again OCEAN's corrective is unfolding in a minor descending channel. Let's see if OCEAN can reach the upper line of this channel, or even break it.
Hello community, you don't have to be the first to follow a trend. From the 2nd row this can be just as pleasant, but with less risk. An ascending triangle has formed at oceanusd, which has a very high probability of a continuation of the upward trend from the lowest line. Actions should only be opened from the bottom in a long position, because there is always a...
Above 0.57564288 we are looking to the upside to complete wave ((3)) of wave 3 with possible target 1.36 USD zone (1.618 fib extension) of the wave ((1)) of 3.
We used log scale on this count!
I mean, I know polar bears drink coke and play in water because I saw the commercials.
Can bulls swim?
I'm a sinker.
Cuz of all the donuts.
This is all TA based. I've never seen or heard of this before.
However, the trend setup is fairly nice.
All the important stuff is labeled.
2 potential paths to the upside, one takes it down first and then breaks out, the...
Ocean broken out of it's decending channel it started earlier in the year. It's respecting it's local trendline and has respected it's historical trend line and order blocks.
I have been in a long since $0.25 and took my first profit at $0.50
Re-Buy at $0.415
Next take profit is $0.71
Final Take Profit is $0.87
🔸Hello traders, today let's review 8hour price chart for OCEANUSD. strong gains
recently off the lows , however currently short-term pullback in progress.
XABCD pattern structure with advanced entry strategy.
🔸XABCD structure is defined by point X at 44c, point A at 32c, point B at 40c,
point C at 29c and finally point D expected near 47/49 cents. Advanced...
Ocean is set up for a potentially massive breakout. As long as bulls manage to hold 0.36 I expect higher prices. Momentum is up in bullish control zone; volatility recently slammed on the suspected lows @ 0.36. Expansion here would initiate the breakout that i expect to bleed into much higher timeframes.
We may see a slight pullback for the 4th tap to the top line. But as of right now OCEANs waves are looking strong. It may be a full moon soon which could cause this to take off. While BTC and ETH were dropping ocean stands strong, we could expect a move to $0.47 before a retrace so watch like a hawk and get ready for the push and pull out before true mooning...
Unless it can break back above the H&S neckline and then the right shoulder, Ocean Protocol may be headed down towards the following targets instead of seeing north of a dollar again:
- TP 1 = ~8.6 cents
- TP 2 = ~3.8 cents
A possible 2x measured move would take it back under 2 cents and less than 3/10ths of a cent above the weekly close of its ATL.
Should it...
