Since 2021, OCEAN has been following this up trending support line. In the meantime, a strong resistance has formed around the $1.70 area. Combining this support and resistance makes this massive bullish triangle which spans over a period of almost 5 months.
With the most recent BTC sell-off, yesterday, OCEAN bounced off the triangle support once again, potentially signaling a new short term up trend.
One could trade the triangle continuation, or one could wait for the triangle to finish and trade the potential break out.
Happy trading!
With the most recent BTC sell-off, yesterday, OCEAN bounced off the triangle support once again, potentially signaling a new short term up trend.
One could trade the triangle continuation, or one could wait for the triangle to finish and trade the potential break out.
Happy trading!
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