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OCEANUSD trade ideas

Ocean - 60% Bullish/40% Bearish. Waiting on Retest at .37Well folks, Get ready for some volatility. Elections are just around the corner (tomorrow). We just had the monthly close on Bitcoin which is bullish, but I expect there to be a bit of a bearish move up until the elections tomorrow and through Wednesday in either direction. There is a slight chance that Ocean may never retest the trend line (painted in black) again, but I doubt it. The reason I believe we will see the prices ranges of .37 - .41 again is because we have failed to paint a higher high on the charts. Strength is weakening (even with all of the bullish news) and major investors are moving into assets like cash until the election results are in. To add to my short-term bearish bias, On the 4-hour chart, we are painting a Head and Shoulders pattern. It's important to remember that a head and shoulders pattern isn't complete UNTIL we break down below the range and hold on a candle (not a wick). So just because it looks like it's forming the pattern doesn't mean we are bearish just yet. I've seen these patterns turn around often and wreck novice traders. That said, I'm almost certain we will test the trend line again. At which point my bias leans bullish because this has been the trend all along. And I don't like to bet against trends unless I like to lose money. If we do however break down below the trend, my next targets will be .24 and next .17. I will be a big buyer of ocean then. If we never reach those lows, I won't mind. Either way I will be stacking in buys through the trend-line from .41 - .37. I don't think at any of these prices we can lose long term. Happy trading my friend.
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by RookInvesting
OCEAN Undervalued? Potential Long Awaits!My Fellow Crypto Traders, Appreciate you taking the time to view my analysis, in which I hope you may find it beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing. Also, I’m new to charting game and the crypto/stock space. So, if you have any constructive criticism or tips, please share. Cheers & Happy Trading! ------------------------------------------------------------------------------------------------------------------------------------------------------------------ ANALYSIS: OCEAN is significantly undervalued from a fundamentals aspect. With data being the driving force that fuels our economy, OCEAN has carved out a niche that allows for the monetization of data in a decentralized format, which that alone should make you ever so bullish about OCEAN, and its future aspirations. Currently, OCEAN has been in what I call an accumulation phase between $0.42 to $0.26 . And in my opinion, this is a great entry-level before we see the next cycle of positive price action. Therefore, we could see a correction back down to a region of value, which is from $0.33 to $0.30 . This type of correction would be a healthy correction, thus allowing the next positive price action to break the $0.38 resistance, and continue its hunt to re-test the $0.42 . Watch for both the 9ema and the 20ema to cross the 50ema and 200ema on the 4hr timeframe, which would illustrate the dip that was previously mentioned. And from there, OCEAN should see the positive price action to hopefully break through the $0.38 resistance. Also, on the daily, we are seeing the 9ema looking to cross the 20ema , which could be that bullish sign for OCEAN to re-test the $0.38 resistance. This positive price action is also being confirmed on the Fisher Transform , due to the negative region that we are currently in. KEY: White = 4hr timeframe resistance/support Blue = Region of Value/Pivot
OLong
by AB_Trading-Intelligence
Major Ocean BUY Opportunity @ .188I've used multiple time frames, indicators, and analysis to come to this conclusion. We were heavily due for a market correction and if BTC fails to make newer highs, ALL Alts will suffer with it, no matter the fundamentals. Ocean has great fundamentals and so I would recommend you buy between the ranges of .20 - .18 As for my reasoning on the pullback, not only is the entire crypto market losing steam, but we are also experiencing some effects of the overall market health and the US Economy. If the Fed fails to print more dollars and soon, I believe the stock market will begin to tumble again and that the entire crypto market will tumble with it. Ocean is now below the cloud on the daily Ichimoku. It is also below the Tenkan and Kijun lines. Overall, we've failed to make a higher high and we've printed a lower high. A retrace would only be healthy for this market before climbing to newer highs. I'm LONG over the long term and SHORT during the short term.
OShort
by RookInvesting
1
Potential huge inverse head and shoulder pattern on OCEAN !Ocean has huge upside potential in the coming weeks according to TA. Price action could lead to a second breakout. Assets that break out a second time their higher resistances have statistically higher chance of continuing doing so. The inverse head and shoulder is very deep hence price could explode quickly especially if price consolidate around 7cents with reduce volatility. On the fundamental perspective I believe that the current market cap of Ocean (around 20 million) does not reflect it's potential and it's current place in the crypto market. On a news side, they are releasing their V2 "Compute to Data" which is their biggest step yet Tuesday 19 May. Telegram sources mentioned that some marketplaces are already live with automobiles, logistic and healthcare groups as partners. Advice: *Buy now *Sell if price < 0.048
OLong
by Risk-ban-Al