OCEANUSDT
OCEANUSDT possible ATH 4HPrice has been respecting diagonal uptrend even through BTC pumping and YFI exploit, good chance of breaking horizontal resistance and up to new ATH.
OCEAN breaking out of HTF accumulation range! Simple chart here. HTF accumulation range breakout + retest on rising buy volume.
In this market state this is a very strong opportunity for a long!
OCEANUSDT - More bullishness expectedTo keep myself accountable and keep practicing my TA I'll be charting the top 100 crypto's by marketcap over the coming fews days. Any feedback and tips are welcome.
Trend = bullish (HH & HL)
Notes:
- Ascending triangle formation in uptrend = bullish
- Currently needs to break the D1 resistance/0.236 fib level
- Price could inch closer to apex before breakout
- Volume decent, RSI trending upwards
Ideas:
- Expecting upside break of triangle here and continuation of bullish momentum
- Triangles can always break downwards, in that case I'd expect a W1 support retest/bounce
OCEANUSDT D1: BOOM! TP HIT +100% gains (REVIEW/RECAP)Why get subbed to me on Tradingview?
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OCEANUSDT D1: BEST Level to BUY/HOLD 100% gains(SL/TP)(UPDATED)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
congrats if you follow original setup.
+100% gains since BUY/HOLD was alerts.
click play to recap original setup.
🔸 Summary and potential trade setup
::: OCEANUSDT daily chart review
::: updated/revised outlook
::: chart looks good /strong
::: speculative XABCD setup
::: confirmed bottom/low at point C
::: BULLS seek to BUY/HOLD near market
::: 100% gains BUY/HOLD
::: exit near point D +100% gains
::: BULLS got a cycle low at point C
::: and BUY/HOLD near market
::: BULLS get ready to BUY near market
::: TP bulls is +100% gains later
::: exit near point D +100% gains
::: expecting re-test of heavy resistance
::: details: see chart
::: FINAL TP is +100% gains
::: recommended strategy: BUY/HOLD near market
::: TP BULLS +100% gains
::: SWING TRADE: BUY/HOLD IT
::: bull run not over yet
::: good luck traders!
::: BUY IT and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS
::: Sentiment short-term: BULLS
complete list of recent homeruns from ProjectSyndicate.
all setups posted on TradingView.
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OCEANUSDT (OCEAN) - POTENTIAL BREAKOUT ANALYSIS 🔎
- OCEANUSDT is printing an ascending triangle pattern.
- This is a bullish build up pattern.
- There's an upward breakout potential.
BUY ENTRY ⬆️
- Breakout above the ascending triangle's horizontal resistance.
TARGETS 🎯
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support.
OCEANUSDT (OCEAN) - IMMINENT BREAKOUT ANALYSIS 🔎
- OCEANUSDT is consolidating in a symmetrical triangle pattern .
- A relatively big move is imminent.
- There's a breakout potential.
POSSIBLE PRICE ACTIONS
- Uptrend ⬆️: breakout above the symmetrical triangle's inclined resistance.
- Downtrend ⬇️: breakdown below the symmetrical triangle's inclined support.
TARGETS 🎯
- Uptrend ⬆️: Horizontal resistance levels (R1, R2).
- Downtrend ⬇️: Horizontal support levels (S1, S2).
OCEANUSDT (OCEAN) - POTENTIAL BUY ENTRY ANALYSIS 🔎
- OCEANUSDT is consolidating in a symmetrical triangle pattern.
- Price bounced off the symmetrical triangle's inclined support.
- Price brokeout above the the descending trendline resistance (1).
- Price pulled back and is retesting the fibonacci retracement level and ascending channel support.
- The retracement is resisted by a descending trendline resistance (2).
- The minor uptrend is bounded in the ascending channel.
- We could see a test of the symmetrical triangle's inclined resistance.
BUY ENTRY ⬆️
- Breakout above the descending trendline resistance (2).
TARGETS 🎯
- Swing high.
- Fibonacci extension levels.
- Ascending channel resistance.
- Symmetrical triangle's inclined resistance.
SETUP INVALIDATION ❌
- Breakdown below the ascending channel support.
Two paths one destination for OCEANOCEAN looking very promising. Two supports to where it can retest is given in the charts.
Looking to buy at these specific spots.
Bullish on OCEANTicker: OCEAN
Fundamentals
Ocean Protocol uses something called PoD (proof of data) and is in the business of Big Data, which is expected to reach $229.4 Billion by 2025. PoD is a little bit like PoS where you can stake your coins to earn rewards.
Ocean gives big data tools for Web3, which is a massive game changer. Think if Cambridge Analytica was an ethical business! Ocean Protocol, although it's tech focused. It has an excellent BUSINESS model. There are plenty of projects that have good tech but know nothing about business, this is where they fail. Not Ocean though... If you don't know what web 3 is, think of how revolutionary the internet was. Web3 will have a similar impact to this!
These are some of the few fundamentals on why I'm so bullish long term for Ocean.
Technical:
Time-frame: Swing Trade
Area of Interest: $0.4 - $0.5
Invalidation Area: $0.35 currently, changes over time following bullish curve.
Area to take profits: $0.7 - $0.8. Looking for $1.5 by Q4
OCEANUSDT - Strong consolidation, expect joining ATH club soon. 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.
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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.
Ocean/USDT: Channel formed - Looking to break resistance Hello Traders,
Ocean/usdt has formed an uptrend channel.
If and when we break the resistance, we should expect a retest of recent highs. A lot of speculation behind an upward movement which can also help. I’m following the FIB for Take Profits. My last take profit is right around $.63-$.75 if we can break current 200/255 MA resistance.
Sitting on my hands for this one, to watch it play out.
Good luck!