Exclusive ANT, OCEAN & MANA: Technical Analysis For March 3

Share Article
In Brief
  • ANT is trading above a long-term ascending support line.

  • OCEAN has validated the previous all-time high as support.

  • MANA has also validated its previous all-time high as support.

  • promo

    Join the BIGGEST ICO ever launched in Spain: Buy B2M now.

The Trust Project is an international consortium of news organizations building standards of transparency.

The Aragon (ANT) price has bounced above a long-term ascending support line and aims to reach the next resistance area at $8.

Sponsored



Sponsored

Both Ocean Protocol (OCEAN) and Decentraland (MANA) have been moving upwards since validating their previous all-time highs as support.

Aragon (ANT)

The weekly chart shows that ANT has been following an ascending support line since Mar. 2020, when it was trading at a low of $0.35. Currently, it is trading only slightly above it.

Sponsored



Sponsored

Technical indicators are bullish, as evidenced by the bullish cross in the Stochastic oscillator and the RSI bounce at 50.

If ANT resumes the ongoing bounce, it will find the next resistance area at $8, the all-time high level from 2017, which was broken in 2020.

Since ANT has fallen back below it, it is likely to act as resistance once more.

The wave count suggests that ANT is in wave three of a bullish impulse (orange). A potential target for the top of the current movement would be found at $14.31, found by the 2.61 external fib retracement of wave two. 

The daily time-frame’s technical indicators are also gradually turning bullish, as evidenced by the bullish reversal signal in the MACD and the RSI cross above 50.

Highlights

  • ANT is following a long-term ascending support line. 
  • It is likely in wave three of a bullish impulse.

Ocean Protocol (OCEAN)

On Feb. 13, OCEAN reached an all-time high price of $1.60, but decreased immediately afterwards, falling all the way to a low of $0.65.

The drop served to validate the previous all-time high resistance at $0.65 as support and created a long lower wick. OCEAN has been moving upwards since.

Technical indicators are gradually turning bullish, as evidenced by the bullish reversal signal in the MACD and the RSI bounce above 50.

The shorter-term six-hour chart shows that OCEAN is still following a descending resistance line, currently being very close to touching it for the third time. 

Both the MACD & RSI support the possibility of a breakout, which would likely take OCEAN towards the all-time high price of $1.60 and potentially higher.

Highlights

  • OCEAN has re-tested the previous all-time high as support.
  • OCEAN is following a descending resistance line.

Decentraland (MANA)

On Feb. 13, MANA reached an all-time high price of $0.379 but began to decrease immediately afterward. The drop took it to the previous all-time high resistance area of $0.23, validated as support.

Technical indicators are bullish since both the Stochastic oscillator and the MACD are increasing while the RSI has generated hidden bullish divergence.

This suggests that MANA is likely to surge towards the all-time high price of $0.379 and potentially increase.

MANA Chart By TradingView

The shorter-term daily chart support this, since it shows that MANA has reclaimed the previous breakdown level at $0.287.

While it is still following a descending resistance line, its breakout will likely trigger an upward movement towards a new all-time high.

MANA Chart By TradingView

Highlights

  • MANA has re-tested the previous all-time high as support.
  • It is following a descending resistance line.

For BeInCrypto’s latest Bitcoin (BTC) analysis, click here.

Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.
Sponsored
Share Article

Valdrin discovered cryptocurrencies while he was getting his MSc in Financial Markets from the Barcelona graduate school of Economics. Shortly after graduating, he began writing for several different cryptocurrency related websites as a freelancer before eventually taking on the role of BeInCrypto's Senior Analyst.

Follow Author

Market signals, studies and analysis! Join our Telegram Today!

Go

Bit2Me ICO JUST STARTED! Buy B2M token now.

Buy now!

Market signals, studies and analysis! Join our Telegram Today!

Go