Respect the TAHey,
What an amazing run and it respected the channel on the way down.
Keeping in mind that everything is dependent on bitcoin price action.
Most of the oscillators are approaching oversold conditions.
This token doesn't seem to like being oversold on the RSI ever since it's bottom at 109 sats.
The MFI has been a better oscillator to read the local bottom within the channel.
Would I call this a bottom? yes
Can it go lower from the current price? yes
I'm looking for a back-test of the channel at around 480 sats.
Great bounce though.
Cheers
OCEANBTC trade ideas
$OCEAN/BTC return to 200d MAI think this was the run for $OCEAN for now. Current hype phase loosing steam. MACD turned over with bearish cross. I reckon with a retrace to the 200d MA. Buying zone around 250-350 sats. For me, we need smth more solid coming up for Ocean to propel this into price discovery regions (big partnership, serious development advancements like mainnet, etc.). For now smth is missing here, I dunno...
BR, & Trade safe !
Ocean Protocol Mapped | 138%+ Profits PotentialHere is the chart for Ocean Protocol (OCEANBTC) on Bittrex.
We can see a clear uptrend, the next step is likely to be a new higher high, after OCEANBTC manages to break and remain above EMA10/50, afterward it can make a huge jump, this is marked with a green arrow.
Additional details can be found on the chart.
Thanks for reading.
Namaste.
Ocean WavesHey,
I did not expect the rally from 240 sats to 400s, but we're here, just shy of 400 for now.
Playing off of Moving Averages for now, however, resistance looks to be around 280 sats if that's your game.
Stoch RSI was overbought and now back within range, Neither RSI or MFI we're overbought this last rally.
We are below the 9 ma, so this rally this over and the 21 ma will decide the rest. At least that's how I see things.
Ocean ProtocolOcean Protocol is all about Data and AI. With some hugh events coming up with the biggest one the 22nd. It’s a common practice to buy the rumor and sell before the date. A lot of hype is building around this project recently and is a 10mil marketcap coin.
As seen in the graph there been 3 “massive” sell offs that have resulted in a bounce back too new higher highs and higher lows with it sitting way above the 200ema. Is possible to test the ema, but till it breaks it’s past lows it’s long till news. If it breaks you can look for past highs as support or the 200ema
Things look bleak but it’s kind of a sell the news sort of thingHey guys,
First post, picked a cool coin I like with the main net release. You can see things don’t look good but what do you expect, it’s a main net release.
Planning to buy more sub 250, might be worth considering the bounce off the 100ma but the rsi isn’t sub 20
Time will tell folks
Cheers
Altseason All indications point to AltSeason get readyAll indications point to AltSeason
AltSeason coming soon get ready
90% of all Altcoins are better than Bitcoin
For those who wait for the BTC with dominance above 90% can take the horse from the rain
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I believe dominance BTC is already stifled
This factor has already been proven
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Bitcoin has serious slowdown issues, high rates and worst of all: no ballast
The altcoins will never die
Just like bitcoin will come to stay and beyond to face bitcoin
Tip for Buy
PMA
DTA
NPXS
XDN
RDD
FLDC
ADA
XRP
LTC
TRX
Storm
And more Alts
OCEAN - Important Levels to WatchBreaking down from the small consolidation triangle but very gently. The majority of the three red candles are actually green volume if you zoom in. Looking to me like the retest of the trendline will hold, 4hr 90MA coming up as support soon as well.
But breaking down out of the blue box/purple trendline/90ma would be a no no for me