BARSTrading

OCEAN in a bullish descending wedge

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BARSTrading Atualizado   
KUCOIN:OCEANUSDT   Ocean Protocol / Tether
OCEAN is opening this month with a very nice pattern called the Descending Wedge pattern. This is a special pattern that indicates a bullish break. The price can enter this pattern after a downtrend or an uptrend, but it is likely to break upwards towards the end.

We did have a "fake breakout" recently, so I am not going to say it is 100% bullish right now. However, indicators say that it not a bad time to start opening positions. It is a confirmation WHEN it breaks the wedge going up.
However, I am worried about the $0.22 level as it has been a zone of resistance before.
Take profits:
$0.22
$0.31

Trade ativo:
Open long position

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