OCEAN has broke out the HTF trendline Resistance and printing first monthly candle outside the trendline. Hence I see it as a bullish scenario. Time to buy and HODL to upside.
- Ocean has broken out of the downtrend since April (red) - It got rejected at the mid line of the green channel (local uptrend) and has also retested above a resistance area indicated in orange - 100% away from ATH - And ~600% from the confluence of the parallel channel (purple) and Fib level 4.236 - Good time for an entry into a 2-3month hold
Both the SUPPORT and Resistance marked (For DAY traders). Please let me know if you like or any suggestions.
Let's go and ride some waves
OCEAN/BTC Looks Good Above --> 3500 My Stoploss --> 2950 My Target --> 4500 - 5500