Panjang
Ocean On track

I published this very simple idea a few weeks ago, but it was moderated. The price of Ocean Protocol is starting to follow my simple green line. Now for a more in-depth overview, I'm thinking we could see OCEANUSDT start to form a cup and handle pattern as denoted by the green line. After retesting above $1.6-$1.80, I would expect to see a move that would, at minimum correspond to the depth of the 'cup'. Ocean protocol could go as far as to exceed the measure move with potential price targets at $5+
If you're wondering where this is coming from, you can take a look at the price chart of XLMUSDT as the price hit approximately 10 cents earlier this year, then came back down to make a new floor, then retested the 10 cent level, and exploded above.
Furthermore, the OCEAN/BTC pair is also being squeezed by a tight descending trend line while BTC and ETH are starting increase in price again, which is going to increase the likelihood that OCEAN along other alts will start making 'break-out' moves.
If you're wondering where this is coming from, you can take a look at the price chart of XLMUSDT as the price hit approximately 10 cents earlier this year, then came back down to make a new floor, then retested the 10 cent level, and exploded above.
Furthermore, the OCEAN/BTC pair is also being squeezed by a tight descending trend line while BTC and ETH are starting increase in price again, which is going to increase the likelihood that OCEAN along other alts will start making 'break-out' moves.
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.
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.