Unless it can break back above the H&S neckline and then the right shoulder, Ocean Protocol may be headed down towards the following targets instead of seeing north of a dollar again:
- TP 1 = ~8.6 cents
- TP 2 = ~3.8 cents
A possible 2x measured move would take it back under 2 cents and less than 3/10ths of a cent above the weekly close of its ATL.
Should it instead break above the neckline and right shoulder @ approx $1.10, then it could revisit its ATH or see a new ATH. Until it does that, the proposed sentiment is short.
- TP 1 = ~8.6 cents
- TP 2 = ~3.8 cents
A possible 2x measured move would take it back under 2 cents and less than 3/10ths of a cent above the weekly close of its ATL.
Should it instead break above the neckline and right shoulder @ approx $1.10, then it could revisit its ATH or see a new ATH. Until it does that, the proposed sentiment is short.