OKB/BTC - Relative Strength & an upcoming opportunity
Updated
What Altcoin has outperformed BTC by 1000% since February 2021? OOKB Token from the OKX Exchange.
Potential Set Up in coming months
- Break out of the falling wedge
- Bounce from the lower diagonal support
Both to me offer entry points with defined stop loss's under the both trend lines. Lets keep an eye.
OKX is one of the few exchanges that also operates from Malta in Europe under MICA regulations and is possibly one of the only alts/exchange alts demonstrating relative strength against BTC.
PUKA
Potential Set Up in coming months
- Break out of the falling wedge
- Bounce from the lower diagonal support
Both to me offer entry points with defined stop loss's under the both trend lines. Lets keep an eye.
OKX is one of the few exchanges that also operates from Malta in Europe under MICA regulations and is possibly one of the only alts/exchange alts demonstrating relative strength against BTC.
PUKA
Note
Press play folks to see the hammer candle bounce off resistance OKB / BTC - OKX Exchange
One of thee few alts that outperformed BTC from 2021 - 2023.
- Hammer candle reversal off long term support line
- A follow through breakout of the pennant would be
ideal (descending wedge breakout)
An small allocation to help increase you later in the cycle BTC position might be an idea
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