Ocean is gaining momentum, Can we expect a 100%+ tsunami?

7 ก.ค. 2021

Ocean Protocol is started to gain momentum, keep an eye on it.

Analysis

• Bounce over bottom trend line (+)
  
• 20MA Supporting (+)
  
• RSI trying to break into bullish region (+)
  
• MACD showing positive momentum (+)
  
• Resistance at 1437 and 50MA (-)
  
• Moderate volume (+)
  

Entry Point

• Early: 1370
  
• Safe: 1437
  

Target Point

• 1865
  
• 2308
  
• 2933
  

For investors

• Investment Theme: Decentralised Web (Web 3.0)
  
• Investment Horizon: 5 to 10 years.
  
• Category: AI & BigData
  

Along with Smart Contract Platform and Storage, Ocean Protocol perfectly fits into the analytical part of Web 3.0 ecosystem. Other key players in this area are The Graph, Fetch.ai, SingularityNET and PARSIQ. Based on Gartner hype cycle, Decentralised web is at the innovation trigger stage and it will take 5 to 10 years to reach the plateau of productivity. It's a good time horizon to invest on the upcoming web revolution.

** I'm a novice trader, and this is part of my studies. So it's strictly not a financial advice. Feel free to share your thoughts and feedback about my analysis.