Ocean Protocol: Strong compression that could become explosive!

٩ سبتمبر ٢٠٢٣

Ocean Protocol (OCEAN) seems to be in a very strong compression and could therefore soon blow up! Despite a small fake out from the top, the other breakouts are just wicks that are very well recovered, as can be seen on the last two low wicks. A breakout from above could at the very least take us towards $0.42, and a breakout from below could see the asset fall towards $0.23-$0.24. We favour an upward movement, but proceed with caution!