OCEAN poised for a breakout in coming weeks
I wanted to share some observations regarding OCEAN. I've started charting it in USD as it gives a better picture on where we are heading. I only use BTC paired charts along with BTC dominance to determine the need to swap profits over to BTC.
1. Symmetrical triangle on the daily. With a bounce off the bottom the last couple of weeks I see a breakout in the next month.
2. Bullish divergence in recent weeks highlighted with the lines drawn.
3. KDJ is green and looks to continue
4. MACD just flipped green
5. Not pictured Ichimoku cloud is green and sitting above the cloud. (Omitted d/t clutter)
IMO this is a gorgeous chart. The longer it coils the stronger the breakout. For perspective this triangle will appear tiny later in 2021 as the triangle formations on the left of this chart do. I'll do a follow up with some FIB extensions on where I see OCEAN over the coming months. As a preview the next impulse should put it around $2 and I see a minimum of $10 in the next 12 months.
1. Symmetrical triangle on the daily. With a bounce off the bottom the last couple of weeks I see a breakout in the next month.
2. Bullish divergence in recent weeks highlighted with the lines drawn.
3. KDJ is green and looks to continue
4. MACD just flipped green
5. Not pictured Ichimoku cloud is green and sitting above the cloud. (Omitted d/t clutter)
IMO this is a gorgeous chart. The longer it coils the stronger the breakout. For perspective this triangle will appear tiny later in 2021 as the triangle formations on the left of this chart do. I'll do a follow up with some FIB extensions on where I see OCEAN over the coming months. As a preview the next impulse should put it around $2 and I see a minimum of $10 in the next 12 months.
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