I published this very simple idea a few weeks ago, but it was moderated. The price of Ocean Protocol is starting to follow my simple green line. Now for a more in-depth overview, I'm thinking we could see OCEANUSDT start to form a cup and handle pattern as denoted by the green line. After retesting above $1.6-$1.80, I would expect to see a move that would, at minimum correspond to the depth of the 'cup'. Ocean protocol could go as far as to exceed the measure move with potential price targets at $5+
If you're wondering where this is coming from, you can take a look at the price chart of XLMUSDT as the price hit approximately 10 cents earlier this year, then came back down to make a new floor, then retested the 10 cent level, and exploded above.
Furthermore, the OCEAN/BTC pair is also being squeezed by a tight descending trend line while BTC and ETH are starting increase in price again, which is going to increase the likelihood that OCEAN along other alts will start making 'break-out' moves.
If you're wondering where this is coming from, you can take a look at the price chart of XLMUSDT as the price hit approximately 10 cents earlier this year, then came back down to make a new floor, then retested the 10 cent level, and exploded above.
Furthermore, the OCEAN/BTC pair is also being squeezed by a tight descending trend line while BTC and ETH are starting increase in price again, which is going to increase the likelihood that OCEAN along other alts will start making 'break-out' moves.