Oceanprotocol
Respect the TAHey,
What an amazing run and it respected the channel on the way down.
Keeping in mind that everything is dependent on bitcoin price action.
Most of the oscillators are approaching oversold conditions.
This token doesn't seem to like being oversold on the RSI ever since it's bottom at 109 sats.
The MFI has been a better oscillator to read the local bottom within the channel.
Would I call this a bottom? yes
Can it go lower from the current price? yes
I'm looking for a back-test of the channel at around 480 sats.
Great bounce though.
Cheers
$OCEAN/BTC return to 200d MAI think this was the run for $OCEAN for now. Current hype phase loosing steam. MACD turned over with bearish cross. I reckon with a retrace to the 200d MA. Buying zone around 250-350 sats. For me, we need smth more solid coming up for Ocean to propel this into price discovery regions (big partnership, serious development advancements like mainnet, etc.). For now smth is missing here, I dunno...
BR, & Trade safe !
Ocean Protocol Mapped | 138%+ Profits PotentialHere is the chart for Ocean Protocol (OCEANBTC) on Bittrex.
We can see a clear uptrend, the next step is likely to be a new higher high, after OCEANBTC manages to break and remain above EMA10/50, afterward it can make a huge jump, this is marked with a green arrow.
Additional details can be found on the chart.
Thanks for reading.
Namaste.
