Okb
OKB price is nearing the end of an interesting parallel channelThe OKB token price has been trading into the descending parallel channel for more than 2-month.
Today, OKB investors attempts to breach this falling channel to the upside and jumped the token price higher by 11.5%.
The OKB token price is moving towards the 200-day moving average line (yellow) of the EMA Ribbon indicator after the bounce-back over the daily price chart. Moreover, The Stoch RSI is expanding towards the overbought territory and reflecting solid bullish momentum.
Conclusion
For the buying opportunity, OKB investors should wait for the confirmation above the descending parallel channel. Than Only, the price may reach till the supply zone (red)
Support level- $6.8 and $10
Resistance level- $20.5 and $30
Long OKB for Full cup and Handle Pattern OKB has full formed a curve for the cup pattern, retesting previous resistance as support near the 29.9-30 levels.
Now we use the fib levels to extend for a TP target at 1.618 level at 39.39
We draw the full depth of the cup pattern and extend it above to coincide with the 1.618 level
Volumes also show buyers trying to break the 33 resistance level, with at least 6 touches already on the 1H
MACD crossing over to upside with momentum.
TP 39.397
SL 20.0895
Very favorable RR 2.56
CherrySwap (CHE) with bullish divergenceCherrySwap is the DeFi platform with the highest TVL (Total Value Locked) on the OKEx blockchain.
On the chart we can see a bullish divergence, which could break up.
The OKT and OKB cryptocurrencies native to this blockchain also appear to be upside potential.
Consider the BTC.D (Bitcoin Dominance) graph. When it's going up, it's not a good time to be on Altcoins.
🆓OKB (OKB) Nov-2 #OKB $OKBOKB is trying to break through the $22 zone to move up to the $26, $30 and $40 zone this November. But if it loses the $22 zone, we can buy it back at the $19 zone
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 22$ zone
🔴Buy : 22
🔴Sell : 26 - 30 - 40
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 22$ zone
🔵Sell : 22
🔵Buy : 19
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
OKB Price Analysis: Bollinger Bands Squeeze and Hook PatternOKB has been one of the top-performing cryptocurrencies over the past week, with more than 58% gains. A very rare chart pattern, which on the surface might not say much, is pointing to a trend in the making. The recent explosive move was triggered by the Bollinger Bands squeeze and hook pattern.
Bollinger Bands Squeeze Pattern
In technical analysis, the Bollinger Bands squeeze happens when the two bands turn flat and get closer to each other. This indicates that there is an ongoing ranging market. This implies that when the Bollinger Bands are flat, the price tends to make explosive moves in either direction.
Often, consolidations lead to trend expansion, but many times there are false breakouts too. To distinguish between a false breakout and a genuine breakout, the Bollinger Bands come in handy.
When we have a breakout and the upper band “hooks” upwards, while the lower band hooks downwards, there is a higher probability of a trend continuation in the direction of the breakout.
The daily OKB price chart displays the exact pattern described above. The upside breakout was accompanied by the Bollinger Bands hook in the opposite direction.
Moving forward, if OKB sustains the break above the $25.21 resistance level, there is a high probability for the bulls to challenge the next resistance level found at $42.16.
🆓OKB (OKB) Aug-15 #OKB $OKBOKB is weakening after losing the $23 zone and if it can't conquer this zone, in the next few days it will fall back to the $19 and $16 zones. But if there is strong buying force to help it conquer the $23 zone, it will rise sharply to the $34 zone in early September
📈BUY
🔴Buy : 18.6-19.4$ if A. SL if B
🔴Buy : 15.6-16.4$. SL if B
📉SELL
🔴Sell : 22.5-23.5$. SL if A
♻️BACK-UP
🔵Buy : 22.5-23.5$ if A. SL if B
🔵Sell : 33.2-34.8$. SL if A
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY and SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
OKB (OKB) - July 7Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
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(OKBUSDT 1W chart)
We need to see support at the 9.601 point and move above the 13.451 point to see if the uptrend can continue.
(1D chart)
We need to see if we can get support by moving up to the 12.587-15.409 section.
As it fell from the 12.587 point, it is effectively entering the mid- to long-term investment area, so careful trading is required.
In order to transition into an uptrend, the price must rise to the 15.409-21.053 section and hold.
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(OKBBTC 1W chart)
If the price is maintained above the 35000 satoshi point, it is expected to continue the upward trend.
(1D chart)
If the price is maintained in the 32040 Satoshi-40790 Satoshi section, it is expected to turn into an uptrend.
If it falls from the 27670 Satoshi point, there is a possibility of entering the mid- to long-term investment area, so careful trading is required.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy for profit as a support point or section
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry through split trading.
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
OKB (OKB) - June 8Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(OKBUSDT 1W chart)
If it moves sideways in the 14.984-23.800 section, it is expected to lead to an uptrend.
However, if the 14.984 point falls, the 14.984-23.800 section acts as a resistance section and may take time to rise, so it is important to find support at the 14.984 point.
(1D chart)
It remains to be seen if the 12.587-15.409 section can find support and move up.
If it goes down from the 12.587 point, it could touch the 4.121 point, so you need to be careful with your trades.
If it moves above the 16.887 point and finds support, we expect the uptrend to continue.
However, in order to accelerate the upward trend, it must rise above the 26.697-29.519 section.
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(OKBBTC 1W chart)
If the price holds above the 0.0004448 point, it is expected to maintain an uptrend.
(1D chart)
We need to see if we can move up along the uptrend line.
If it finds support by moving towards the 0.0004953-0.0005390 section, I expect the uptrend to accelerate.
If it falls from the 0.0004079 point, Stop Loss is required to preserve profit and loss.
------------------------------------------
We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)