Long-term triangle formation on the RSI is being squeezed towards its end. Expecting some significant decisive price action in the coming few weeks/month. Price is also continuously testing descending trend line. Keep an eye out on this one.
As the price of ocean in $USDT begins to rise from a pretty obvious price floor, we now see OCEAN/BTC approaching and touching a year long descending trend-line. With the current momentum in the crypto world, we could potentially see OCEAN/BTC break above the trend line and prepare to soar to new all time highs.
I published this very simple idea a few weeks ago, but it was moderated. The price of Ocean Protocol is starting to follow my simple green line. Now for a more in-depth overview, I'm thinking we could see OCEANUSDT start to form a cup and handle pattern as denoted by the green line. After retesting above $1.6-$1.80, I would expect to see a move that would, at...
Multi day bullish divergences: price action with RSI and VWMACD
Comparing to other crypto's which have made similar patterns in the past, take a look at ORN protocol, we could be looking at moves towards the 3.618 fib extension. First the price action will have to continue to resolve upward by breaking two very notable resistances. This could result...
I've been watching this coin for a while now and it seems to be in an ascending channel and holding to it very well. Trade ideas are in the chart. As you can see, the chart is only paying attention to attaining the previous all time high and not so much what could happen if the previous ATH was broken.
Prior to the past OCEANBTC bull-run, the price action of the pair followed an ascending channel before breaking out and making massive gains in a matter of a few weeks. Could this be a fractal repeating what happened in the past? So far, the channel is holding strong, albeit I may have drawn it incorrectly.
It appears that OCEAN is breaking out on the USD/USDT pair from what seems to have been a large symmetrical triangle. A backtest is expected, although it doesn't have to happen. Targets should probably be extrapolated from the OCEAN/BTC pair.
I believe we may be seeing NIM at above 1 cent soon. Setup seems to be very bullish at the moment. Strong move up with the RSI and prices have held for a few days pushing up against resistance. Same can be seen on the NIMBTC chart.