OCEANUSDT DEVIATION

15 באוק׳ 2021

So BINANCE:OCEANUSDT has delayed its run for the second bull market of 2021. After ranging in the ltf orderblock for 90 days and having broken ms in august, it returned to consolidate in the upper range (above 75% of range). After the upper range consolidation, BINANCE:OCEANUSDT broke out of the ltf range, got rejected at the area of distribution. Having just made a hl above the range, i would get pretty bullish 1) if BINANCE:OCEANUSDT makes a clean breakout above 0.87 and would be looking to long the hl or 2) if BINANCE:OCEANUSDT consolidates in/near the previous area of distribution in which case i would be looking to breakout trade with patience. Two confluent notable patterns in this chart are the diagonal trend line resistance which should break soon, and the reverse head and shoulders pattern confirming our 1.14 target. Now this breakout has a primary target of 1.14 but has potential to trade much higher as ocean usdt breaking out of the 0.3-0.87 range and moving to the 0.87-1.43 range...

21 באוק׳ 2021

הערה

So MS was broken, and in other news, OCEAN gained funding for ecosystem growth which is surely needed to be priced in by investors/traders. I am buying @ 0.88 with SL @ 0.79 and TP: 1.13+