Oceanus: Forming a Falling Wedge

Oceanus is forming a Falling Wedge or a potential Descending Triangle.

  • Immediate support is at $0.317 which is a 61.8% Fibonacci Retracement Level.
  • Immdiate resistance is at about $0.35 which is the wedge resistance or 200D MA resistance.

No clear direction until breakout.

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