Hello everyone, today we would like to draw your attention to the Ocean Protocol
This is one of the few coins that showed great performance and buyer interest in this bear market like other AI related coins
We are now in a corrective phase after a strong momentum
On the weekly timeframe, you can see a lot of candles with large shadows, which can tell us about further accumulation by big players during the correction.
The longer the price stays in this range, the stronger the next impulse can be.
To do this, we need at least:
1. Break the local downtrend
2. Exit above the weekly 100MA (preferably above $0.4)
3. See an increase in volumes (since they have only been falling lately, and this is not a good sign
X Cancellation of the scenario will be:
Fixing the price below the support zone ($0.24)
This is one of the few coins that showed great performance and buyer interest in this bear market like other AI related coins
We are now in a corrective phase after a strong momentum
On the weekly timeframe, you can see a lot of candles with large shadows, which can tell us about further accumulation by big players during the correction.
The longer the price stays in this range, the stronger the next impulse can be.
To do this, we need at least:
1. Break the local downtrend
2. Exit above the weekly 100MA (preferably above $0.4)
3. See an increase in volumes (since they have only been falling lately, and this is not a good sign
X Cancellation of the scenario will be:
Fixing the price below the support zone ($0.24)