{"id":12090,"date":"2022-06-09T10:12:05","date_gmt":"2022-06-09T10:12:05","guid":{"rendered":"https:\/\/tradingshot.com\/?p=12090"},"modified":"2023-05-10T10:15:23","modified_gmt":"2023-05-10T10:15:23","slug":"oceanusd-broke-above-its-1d-ma50-but-remains-bearish-for-now","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2022\/06\/09\/oceanusd-broke-above-its-1d-ma50-but-remains-bearish-for-now\/","title":{"rendered":"OCEANUSD broke above its 1D MA50 but remains bearish for now"},"content":{"rendered":"

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Ocean Protocol (OCEANUSD) broke today above the 1D MA50 (blue trend-line) for the first time since April 24. Still, this is not the time to turn bullish, not even on the medium-term, as the pattern since the December 01 2021 High has been a Bearish Megaphone. As long as the price trades below the pattern’s Lower Highs (top) trend-line, it is more likely to see a rejection back towards the 0.15800 Support and if broken, the 4.0 Fibonacci extension. This is because ever Lower Low of the pattern was near or below a +1.0 Fib progression. On top of that, the 1D RSI is approaching the overbought 70.00 level.<\/p>\n

If you are looking for a long-term buy, it would be best to wait until we close a candle above the 1D MA200 (orange trend-line). The coin has been trading below that trend-line since January 20 and in fact we had a clear rejection on it on March 21.<\/p>\n

Tradingview link:<\/p>\n

https:\/\/www.tradingview.com\/chart\/OCEANUSD\/Pb9LaOHd-OCEANUSD-broke-above-its-1D-MA50-but-remains-bearish-for-now<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

  Ocean Protocol (OCEANUSD) broke today above the 1D MA50 (blue trend-line) for the first time since April 24. Still, this is not the time to turn bullish, not even on the medium-term, as the pattern since the December 01 2021 High has been a Bearish Megaphone. As long as the price trades below the<\/p>\n","protected":false},"author":611,"featured_media":12091,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1636],"tags":[],"class_list":["post-12090","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12090","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=12090"}],"version-history":[{"count":3,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12090\/revisions"}],"predecessor-version":[{"id":12094,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12090\/revisions\/12094"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/12091"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=12090"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=12090"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=12090"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}