Ocean Protocol to test ATH levels 30%+ Gain

19 de mar. de 2021

Ocean Protocol is looking to test new ATH levels 30% Gain to the 127.20% Fibonacci level. From the current price level we can expect a test of the previous ATH @ $1.70 which is a 13% gain from the current price level 19/03/21. Stochastics show an extremely overbought market and we can expect a healthy retracement after testing the previous ATH $1.70 reached on 07/03/21 back to the 61.80% Fibonacci as traders take profit and the bulls take a small breather before continuing the current push back to the 127.20% Fibonacci level, from the 61.80% there is a potential 44% Gain to new ATH level @ $1.95. Be patient and use buy zone to map out a good sniper entry, Ocean has not tested the 200 SMA since the beginning of its parabolic move on the 1st March and a retracement is still possible, but not to say this will happen as this cryptocurrency is gaining a lot of attention from investors and an increasing number of capital inflows into the project with some great new partnerships such as the Polygon partnership (Previously known as Matic Network). Furthermore if we fail to test these ATH levels expect further retracement and it is possible to test the range between the 50%-38.20% Fibonacci Levels. Here we would look to accumulate more coins by dollar cost averaging from the position at Buy Zone 1. Happy trading :)

Key Notes on Ocean Protocol:

Ocean Protocol is a tokenized service layer that exposes data, storage, compute and algorithms for consumption with a set of deterministic proofs on availability and integrity that serve as verifiable service agreements. There is staking on services to signal quality, reputation and ward against Sybil Attacks.

Ocean helps to unlock data, particularly for AI. It is designed for scale and uses blockchain technology that allows data to be shared and sold in a safe, secure and transparent manner.

How does Ocean Protocol work?

Ocean Protocol is at once a business, technical and governance framework that is interwoven together to allow data and services to be shared and sold in a secure manner.

Ocean Protocol stores metadata, links to data, provides a licensing framework and has toolsets for pricing.
A multitude of data marketplaces can hook into Ocean Protocol to provide “last mile” services to connect data providers and consumers.
Ocean Protocol is designed so that data owners cannot be locked-in to any single marketplace. The data owner controls each dataset.

What problem does Ocean Protocol solve?

Ocean Protocol unlocks data so it can be used productively.
The world’s data is growing exponentially yet is massively under-utilized.
Most companies have tremendous amounts of data but have difficulty exploiting it. Conversely, many others are starving for data, particularly in AI.
Ocean Protocol allows data providers to share data while maintaining control and having transparency.

See video link below for more information on Ocean Protocol:
youtube.com/watch?v=FEeicvNSyk4&t=19s