Ocean Bullish Continuation?
+Just came across this coin while scanning markets so here's a quick read on it
+Never heard of Ocean before but it definitely caught my eye when I saw it was up 9% on the day.
+Typically I don't like to chase coins that are already on its move up but I think its possible Ocean will keep pumping.
+The level $.335 is a support and our current resitance is at $.6332
+Previous resistance was .42 and after breaking this level Ocean created level adaption .42 making that its new support. after this it went for a test of $.63 but was short and started laddering down.
+After ladder down we see that this .42 was still being used a a support but got rejected by the downtrend I have drawn on the swing high.
+Now ocean is attempting to break this bearish trend and if it does I really think it will be able to have its first test of $.6335
+if not there are a few ways this could play out. $.335 still did not get tested yet so there is a possibility we see that level again and create another accumulation zone if we reject this trend line.
+The white trend is just a trend within a trend but the trend we need to break is the blue colored downtrend. Based on the 12 hour it seems this blue level downtrend still has lots of time before being broke so I wouldnt jump in right away. Sometimes its best to just give the coin time and let it does it thing before grabbing a long or short.
+Never heard of Ocean before but it definitely caught my eye when I saw it was up 9% on the day.
+Typically I don't like to chase coins that are already on its move up but I think its possible Ocean will keep pumping.
+The level $.335 is a support and our current resitance is at $.6332
+Previous resistance was .42 and after breaking this level Ocean created level adaption .42 making that its new support. after this it went for a test of $.63 but was short and started laddering down.
+After ladder down we see that this .42 was still being used a a support but got rejected by the downtrend I have drawn on the swing high.
+Now ocean is attempting to break this bearish trend and if it does I really think it will be able to have its first test of $.6335
+if not there are a few ways this could play out. $.335 still did not get tested yet so there is a possibility we see that level again and create another accumulation zone if we reject this trend line.
+The white trend is just a trend within a trend but the trend we need to break is the blue colored downtrend. Based on the 12 hour it seems this blue level downtrend still has lots of time before being broke so I wouldnt jump in right away. Sometimes its best to just give the coin time and let it does it thing before grabbing a long or short.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.