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Ocean Protocol (OCEAN)

709
Ocean Protocol chart is interesting; a strong upward impulse wave followed by a corrective wave. The correction is unfolding in a descending channel. After price bounced from channel's lower line, an upward wave started, then again OCEAN's corrective is unfolding in a minor descending channel. Let's see if OCEAN can reach the upper line of this channel, or even break it.
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syot kilat

OCEAN reached the channel's upper line. Let's see if it could break it.
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syot kilat

So, after OCEAN broke the channel's upper line (or the descending triangle in this chart), it went up and also broke the major channel's upper line; thus a pullback is most anticipated. It seems a scissor/butterfly pattern is forming, so price most probably react to this pattern in the future. Let's see what happens.
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syot kilat

OCEAN also broke the scissor/butterfly pattern upward and reached the ATH resistance area. Let's see how OCEAN reacts to this area.
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syot kilat

So, OCEAN couldn't break the ATH resistance area, made a pullback on the broken scissor/butterfly pattern. OCEAN going to try again and break this area. Let's see what happens.
SaeedSalehinia
Chart PatternsCryptocurrencyoceanoceanprotocolTrend Analysis

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Chart PatternsCryptocurrencyoceanoceanprotocolTrend Analysis
SaeedSalehinia

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.