OCEAN USD is consolidating since 15th August 2020.
The all-time high of around 74 cents is yet to be broken.
The market is nicely set up to take on the ATH in the short term.
The increasing volume since December shows that the project is in the interest of investors and 0.63 Fibonacci line
was tested on 19th January and it has set higher high and higher low in the last two swings.
The break above 73 cents in the next week or so clearly confirms that OCEAN USD is going out of control.
1.68 Fibonacci line is inevitable at this point. Considering how the market is moving for alts, I would not be surprised if it does a 4x in the next 3-4 months.
However, I will personally start taking profits starting around $1.1 USD and wait for a rebound from Fibonacci (1) line after hitting the target.
----
____________________________________________________
As always just my personal opinion considering the market conditions, not investment advice.
Thank you for your time.
Good luck trading.
Stay safe and sleep well.
Will follow up with the updates as we go.
The all-time high of around 74 cents is yet to be broken.
The market is nicely set up to take on the ATH in the short term.
The increasing volume since December shows that the project is in the interest of investors and 0.63 Fibonacci line
was tested on 19th January and it has set higher high and higher low in the last two swings.
The break above 73 cents in the next week or so clearly confirms that OCEAN USD is going out of control.
1.68 Fibonacci line is inevitable at this point. Considering how the market is moving for alts, I would not be surprised if it does a 4x in the next 3-4 months.
However, I will personally start taking profits starting around $1.1 USD and wait for a rebound from Fibonacci (1) line after hitting the target.
----
____________________________________________________
As always just my personal opinion considering the market conditions, not investment advice.
Thank you for your time.
Good luck trading.
Stay safe and sleep well.
Will follow up with the updates as we go.
Note
Casually walking into the breakout area. 73 cents in now the resistance but will be the support soon after.Note
We failed to walk beyond the resistance area twice now. But the uptrend is still intact.Note
Coiling up. Watch out for the direction of the breakout. 53 cents appears to be a good entry point at the moment. Current resistance between 65 to 75 cents is strong. Very similar to The Graph before it had its breakout. GRTUSD is now building a strong base above the previous resistance.
Note
It's about time. The coming weeks will be extraordinary growth for OCEAN. Unlike GRT(1.2B), OCEAN has just 419M in circulating supply at this time and both are very close in price $2 is a FUD for this project. Let's send it.
Note
Expecting OCEAN to do something similar to what GRTUSD did today.Note
OCEAN dropped along with the rest of the market. Parabolic run aborted. But, uptrend still in progress.
Expect 85 cents to act as super-strong support if the dip does happen for the rest of the market.
$1.2 is still in reach. If we do hold above this, capturing $1.5 won't take much time.
Note
One step at a time.Note
I hope you guys exited yesterday around 1.6 ish. $1.3 - $1.1 still possible for correction. Averaging entry starting now at around $1.42 and down would be a good option if you are still looking for an entry to OCEAN.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.