Long

OCEAN / USDT 🌊

274
OCEAN / USDT

🌟 TECHINCAL ANALYSIS 🌟

After break major trendline resistance (red) on 24 october
Ocean give us nice Profit in past
And achieved all targets

You can see here my previous call
Ocean/usdt retest previous trendline resistance



Now :
Recently it formed small falling wedge (violet)
Dropped from it during btc dump
to its strongest support
(Weekly support around 0.3850-0.4000$ )

The RSI also is bullish and on the bottom
snapshot

But ocean need to stable above weekly support for next days if that happens
We could see nice impulses to next resistance in chart

As i said we still need more Bullish signs at support area if looking for entery or break resistance

If you are already in long term then that weekly support shouldn't be broken

Good luck and happy trading 🌹

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