OCEAN/USDT Ready for a Bullish movement? Break key resistance!
💎 OCEAN has recently experienced significant market dynamics. The breakout of the Cup and Handle pattern with substantial volume and a strong green candle indicates bullish momentum.
💎 Currently, OCEAN is in the retesting phase, approaching the previously resistant support level (the neckline of the Cup and Handle pattern).
💎 If this pattern holds, we can expect the price to bounce off this support level and probability continue its upward movement towards our target area, which is the Bearish OB area.
💎 However, if OCEAN fails to bounce during the retesting phase and even breaks down below the support area, it could signify a false breakout. In such a scenario, the chart pattern would be invalidated, and the movement could shift back to a downward trend.
💎 This would potentially lead the price back towards the demand area around 0.4 or even towards the strong support area if OCEAN fails to find support at the demand level.
💎 Currently, OCEAN is in the retesting phase, approaching the previously resistant support level (the neckline of the Cup and Handle pattern).
💎 If this pattern holds, we can expect the price to bounce off this support level and probability continue its upward movement towards our target area, which is the Bearish OB area.
💎 However, if OCEAN fails to bounce during the retesting phase and even breaks down below the support area, it could signify a false breakout. In such a scenario, the chart pattern would be invalidated, and the movement could shift back to a downward trend.
💎 This would potentially lead the price back towards the demand area around 0.4 or even towards the strong support area if OCEAN fails to find support at the demand level.
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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.
Want to trade like a PRO without the 15+ year learning curve?
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
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.