Ocean Protocol Has Good Volume And Moves Above MA200

11 Jul 2021

On the 7th of July, OCEANBTC growth was rejected just above EMA200/MA200.

Prices corrected just below EMA10/50/100 and ended up in a higher low...

With prices now moving and closing back above EMA10/21/50/100 and MA200, also good volume coming in, we are likely to see higher prices.

The signal here that supports additional growth comes in the form of the higher low, good volume compared to past days and a very strong RSI and bullish cross on the MACD.

All these point to higher prices, potentially.

Moving and closing back below the magenta trendline would invalidate these signals.

Patience is key.

Namaste.