Panjang

🔥 OCEAN Massive Bullish Triangle

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Since 2021, OCEAN has been following this up trending support line. In the meantime, a strong resistance has formed around the $1.70 area. Combining this support and resistance makes this massive bullish triangle which spans over a period of almost 5 months.

With the most recent BTC sell-off, yesterday, OCEAN bounced off the triangle support once again, potentially signaling a new short term up trend.

One could trade the triangle continuation, or one could wait for the triangle to finish and trade the potential break out.

Happy trading!

Penafian

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