OCEAN/USDT Ready for a Bullish movement? Break key resistance!
💎 OCEAN has recently experienced significant market dynamics. The breakout of the Cup and Handle pattern with substantial volume and a strong green candle indicates bullish momentum.
💎 Currently, OCEAN is in the retesting phase, approaching the previously resistant support level (the neckline of the Cup and Handle pattern).
💎 If this pattern holds, we can expect the price to bounce off this support level and probability continue its upward movement towards our target area, which is the Bearish OB area.
💎 However, if OCEAN fails to bounce during the retesting phase and even breaks down below the support area, it could signify a false breakout. In such a scenario, the chart pattern would be invalidated, and the movement could shift back to a downward trend.
💎 This would potentially lead the price back towards the demand area around 0.4 or even towards the strong support area if OCEAN fails to find support at the demand level.
💎 Currently, OCEAN is in the retesting phase, approaching the previously resistant support level (the neckline of the Cup and Handle pattern).
💎 If this pattern holds, we can expect the price to bounce off this support level and probability continue its upward movement towards our target area, which is the Bearish OB area.
💎 However, if OCEAN fails to bounce during the retesting phase and even breaks down below the support area, it could signify a false breakout. In such a scenario, the chart pattern would be invalidated, and the movement could shift back to a downward trend.
💎 This would potentially lead the price back towards the demand area around 0.4 or even towards the strong support area if OCEAN fails to find support at the demand level.
Do you Want to start trading like a PRO?
Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
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.