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OCEAN/USDT: Reversed up above key support at 0,1480
---- Mid-term Analysis for the next coming 4 weeks to 3 months - Daily on Daily Chart (LOG)-------
OCEAN/USDT: Reversed up above key support at 0,1480 as expected
Context
- The Global Crypto market leads by BTC and ETH reversed a new bullish trend - OCEAN for now is still lagging versus ETH
- We are watching at 0,3410 area to bypassed to extend the bullish recovery in progress (in parallel of 2170 ETH)
- Watch 0,1780 as key support
Previous Analysis 09/06/2022 : https://www.tradingview.com/chart/OCEANUSDT/PHfhmyBt-OCEAN-USDT-Buying-area-reached-Direct-rise-expected/
Market configuration
- Graphical Elements :
Graphical Resistance = 0, 3410 & 0,7280
Graphical Support = 0,1480
- Mathematical Indicators:
EMA ( Exp Moving averages) are now support at 0,2080 = Bullish / Neutral
RSI indicator (below) is now above 50% with room to the upside = Bullish
- Elliot & Harmonic Wave (Fibonacci):
Fibonacci Target (c) (B) has been already reached = 0,1480
Fibonacci resistance of the wave in progress = 0,3410
Fibonacci support of the wave (2) = 0,1780
Fibonacci Bullish Target = 0,7280(auto-similar move)
Conclusion
Preferred case => As long as 0,1780 remains support we are looking to buy the dip in the buying area in order to test and then surpass 0,3410 (corresponding t 2170 ETH), before opening a further rise towards 0,5180 in a first step
OCEAN/USDT: Reversed up above key support at 0,1480 as expected
Context
- The Global Crypto market leads by BTC and ETH reversed a new bullish trend - OCEAN for now is still lagging versus ETH
- We are watching at 0,3410 area to bypassed to extend the bullish recovery in progress (in parallel of 2170 ETH)
- Watch 0,1780 as key support
Previous Analysis 09/06/2022 : https://www.tradingview.com/chart/OCEANUSDT/PHfhmyBt-OCEAN-USDT-Buying-area-reached-Direct-rise-expected/
Market configuration
- Graphical Elements :
Graphical Resistance = 0, 3410 & 0,7280
Graphical Support = 0,1480
- Mathematical Indicators:
EMA ( Exp Moving averages) are now support at 0,2080 = Bullish / Neutral
RSI indicator (below) is now above 50% with room to the upside = Bullish
- Elliot & Harmonic Wave (Fibonacci):
Fibonacci Target (c) (B) has been already reached = 0,1480
Fibonacci resistance of the wave in progress = 0,3410
Fibonacci support of the wave (2) = 0,1780
Fibonacci Bullish Target = 0,7280(auto-similar move)
Conclusion
Preferred case => As long as 0,1780 remains support we are looking to buy the dip in the buying area in order to test and then surpass 0,3410 (corresponding t 2170 ETH), before opening a further rise towards 0,5180 in a first step
Trading ditutup: stop tercapai
Tactical support penetrated - Bullish view invalidated - a new complete analysis is coming soon
CIO & Head of market research (Automata - Vancelian)
vancelian.com/en
vancelian.com/en
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
CIO & Head of market research (Automata - Vancelian)
vancelian.com/en
vancelian.com/en
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.