OCEAN/BTC is showing signs of a potential upwing.
On its current downtrend structure, it has convincingly found higher lows.
Although is has yet to form a higher high, which would signal a better chance for a reversal,
it has other reversal signs as well. It has broken above a long term down trend line.
lthough it did have some arguments above/below this trend line recently, it has closed many
concurrent candles above this trend line.
The MACD and RSI are showing plenty of room for a price increase if one does take place
from this setup.
Although is has yet to form a higher high, which would signal a better chance for a reversal,
it has other reversal signs as well. It has broken above a long term down trend line.
lthough it did have some arguments above/below this trend line recently, it has closed many
concurrent candles above this trend line.
The MACD and RSI are showing plenty of room for a price increase if one does take place
from this setup.