OCEAN double bottomBig fat double bottom on the $OCEAN daily chart, plus clear upward trend. Add some of the best fundamentals in crypto and this will see 3/4 $ by eoy.
OCEANUSDT trade ideas
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
Double Bottom Chart Pattern, OCEAN/USDTOCEAN Protocol forming a perfect Double Bottom Pattern on USDT pair/Weekly Chart.
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. Iโm 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!
Ocean 100% gain is comingHuge inverse Adam and Eve on Ocean, once it breaks the neckline get ready for 100% gain in Ocean
$OCEANUSDT building up to go for 0.60c $OCEAN $BTC$OCEANUSDT building up to go for 0.60c $OCEAN $BTC
Note: please do not ask me for when is the right time to buy or sell .
OCEANUSDT is trying to have a breakout ๐๐ฆ$OCEAN.X is inside a descending channel and the price creates an inverse head and shoulder. If the price will have a breakout from the channel and turn the daily resistance into new support, According to Plancton's strategy (check our Academy), we can set a nice order
โโโโโ
Follow the Shrimp ๐ฆ
Keep in mind.
๐ฃ Purple structure -> Monthly structure.
๐ด Red structure -> Weekly structure.
๐ต Blue structure -> Daily structure.
๐ก Yellow structure -> 4h structure.
โซ๏ธ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Ocean Looking To Make WavesOcean had a breakout against its BTC pairing, Next is the giant triangle its been living in since August. One to keep an eye on!
OCEANUSDT D1: 50% GAINS already FINAL TP +100% gains (RECAP)OCEANUSDT D1: 50% GAINS already FINAL TP +100% gains (RECAP)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Congrats if you followed original trade setup.
already running at +50% gains. FINAL TP BULLS +100% gains.
feel free to recap original trade setup:
๐ธ 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.
๐ธ Supply/Demand Zones
::: N/A
::: N/A
๐ธ Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS
::: Sentiment short-term: BULLS
OCEAN/USDT ready to MOON ๐OCEAN/USDT is showing signs of incoming breakout in the coming days / weeks.
There are two possible scenarios:
If the long term support line breaks (unlikely) it will be perfect opportunity SHORT. (5% chance)
If the resistance breaks, it's a sign for LONG. (95% chance). ๐
Wait for the breakout before trading to lower the risk, or accumulate now, for higher risk/reward ratio.
Targets: $0.6, $0.75, $1.
Let me guys know what do you think about this idea?
Ocean looking to Follow PolkadotTAKE A LOOK AT THE SIMILARITY. Keep an eye on Ocean if it breaks the highs.
OCEANUSDT H16: IHS Bulls TP +50% gains (SL/TP)(NEW)OCEANUSDT H16: IHS Bulls TP +50% gains (SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
๐ธ Summary and potential trade setup
::: OCEANUSDT 16hour/candle chart review
::: chart looks good /strong
::: speculative IHS in progress
::: strong bounce confirms bottom
::: BULLS seek to BUY/HOLD near market
::: 50% gains BUY/HOLD
::: expecting strong performance
::: resistance will break soon
::: 2 options: buy at market
::: or wait for breakout/pullback
::: TP bulls is +50% gains later
::: exit near cycle highs +50% gains
::: expecting re-test of heavy resistance
::: details: see chart
::: FINAL TP is +50% gains
::: recommended strategy: BUY/HOLD near market
::: TP BULLS +50% gains
::: SWING TRADE: BUY/HOLD IT
::: bull run not over yet
::: good luck traders!
::: BUY IT and get paid. period.
๐ธ Supply/Demand Zones
::: N/A
::: N/A
๐ธ Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS
::: Sentiment short-term: BULLS
OCEAN S/R Flip | Resistance breakoutocean protocol price made really good breakout above the Resistance
S/R flip will happen after bounce from the retest zone you can enter the trade with stop below the 0.41$
wait for price to flip the zone than enter the trade.