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Okbusdtsignals

OKX Token is a better buy than BNB, KCS and CRO !We've been seeing a lot of pain in the market lately, which is of course fueled by the FTX bankruptcy and the aftermath it is having on the crypto world. The native tokens of exchanges in particular have taken big hits. We wanted to take this opportunity to compare the tokens of 4 major exchanges and how they are performing with a focus on the recent price action. * The Binance Coin (BNBUSD) has been trading within an Ascending Triangle since August 10, with the price falling and staying below both the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) since the FTX crash. * The KuCoin Token (KCSUSDT) has been trading within a Bearish Megaphone since July 04, with the price crashing hard and staying below the 1D MA50 (hasn't been above the 1D MA200 since April) since the FTX crash. * The Cryptocom Coin (CROUSDT) has been trading within a Falling Wedge since June 19, with the price crashing hard and staying below the 1D MA50 (hasn't been above the 1D MA200 since April) since the FTX crash. * On the other hand, the OKX Token ( OKBUSDT ) has been trading within a Rising Wedge (which is a bullish pattern) since June 19, with the price breaking above the 1D MA50 and 1D MA200 before the FTX crash while, more importantly holding both of the as Supports after the crash. Technically, the momentum is in favor of OKX and is our investment choice on the long-term among exchange tokens. The current price action in particular, being supported near the 1D MA50, makes it an attractive opportunity even for short-term traders that are looking for the Rising Wedge's next Higher High around $25.000. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BINANCE:BNBUSD
by TradingShot
3
OKBUSDT About to make a huge bullish break-out!The OKB token ( OKBUSDT ) is the Global Utility Token that was launched by the OK Blockchain Foundation and OKX exchange in 2017, to serve as a bridge to connect OKX and its users. On this post, we will analyze how current pattern may be bullish short-term against popular belief and how it may play out on the long-term. ** Technical Analysis ** This analysis is on the 1D time-frame where OKBUSDT is having a +8% rise. Following the formation and quick invalidation of a Death Cross (that is when the 1D MA50 (blue trend-line) crosses below the 1D MA200 (orange trend-line)), the price has turned both into Supports. Being technically a bearish formation, as you see on this chart however (which displays OKB 's price action since May 2021), all past three Death Crosses have been formed on or straight after market bottoms. Especially in the cases of July 03 2021 and October 15 2021, OKB rose significantly following the Death Cross. See also how similar their 1D RSI sequences look like. A potential rise short-term, is still limited to the Resistance force set by the Lower Highs trend-line that started on the May 03 2021 market Top. This is where the price got rejected on December 17 2021 and more recently August 14 2022. Technically only a break above this trend-line can be considered as a long-term break-out signal, but all past post Death Cross rises have been more than +33% (max +162%), and that would take us above the Lower Highs Resistance, thus starting a new Bull Cycle. Ideally, we will be looking for a closing above the 0.382 Fibonacci retracement level, in order to call for a potential bullish reversal. If it fails to break-out, the OKB token will continue trading within that long-term Triangle pattern designated by the May 2021 Lower Highs and the Support Zone (green) that started on the May 19 2021 Low and since then had another four contacts made. A break below the 1D MA200 in particular, would be a bearish signal targeting the 1W MA200 (red trend-line). ** Fundamental Analysis ** Fundamentally, OKBUSDT remains an excellent investment opportunity as it goes hand in hand with the long-term growth of the OKX exchange. With a market cap of $3.91B, the price of OKB token is ensured by sending tokens to a burning address every 3 months, each burning report could be checked by users. OKB holders could enjoy up to 40% trading discounts (based on how many OKB tokens they hold), participate in token sales, earn passive income, enjoy security, utility and financial services by spending OKB on cooperated platforms and other added values. With 28,548,715.55 OKB already burnt, the current circulating amount is now 271,451,284.45 OKB. OKB is designed by OKEx's top Research and Develop personnel based on the blockchain technology with the use of a token economic model to connect the world's highest quality innovative digital assets with OKEx platform users. OKB has built up a better OKEx ecological closed loop, and achieved a win-win in the blockchain industry. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
4
OKBUSDT Death Cross can be bullish? The full picture.The OKB token (OKBUSDT) is the Global Utility Token that was launched by the OK Blockchain Foundation and OKX exchange in 2017, to serve as a bridge to connect OKX and its users. On this post, we will analyze how current pattern may be bullish short-term against popular belief and how it may play out on the long-term. ** Technical Analysis ** The most important development at the moment is the formation of the Death Cross on the 1D time-frame. That is when the 1D MA50 (blue trend-line) crosses below the 1D MA200 (orange trend-line), which is technically a bearish formation. However as you see on this chart, which displays OKB's price action since May 2021, all past three Death Crosses have been formed on or straight after market bottoms. Especially in the cases of July 03 2021 and October 15 2021, OKB rose significantly following the Death Cross. See also how similar their 1D RSI sequences look like. A potential rise short-term, is still limited to the Resistance force set by the Lower Highs trend-line that started on the May 03 2021 market Top. This is where the price got rejected on December 17 2021 and more recently August 14 2022. Technically only a break above this trend-line can be considered as a long-term break-out signal, we us preferably looking for a closing above the 0.382 Fibonacci retracement level, in order to call for a potential bullish reversal. Until then, the OKB token can continue trading within that long-term Triangle pattern designated by the May 2021 Lower Highs and the Support Zone (green) that started on the May 19 2021 Low and since then had another four contacts made. This can be touched again if the Bottom Higher Lows trend-line (dashed), which is holding since June 19 2022, breaks. ** Fundamental Analysis ** Fundamentally, OKBUSDT remains an excellent investment opportunity as it goes hand in hand with the long-term growth of the OKX exchange. With a market cap of $3.91B, the price of OKB token is ensured by sending tokens to a burning address every 3 months, each burning report could be checked by users. OKB holders could enjoy up to 40% trading discounts (based on how many OKB tokens they hold), participate in token sales, earn passive income, enjoy security, utility and financial services by spending OKB on cooperated platforms and other added values. With 28,548,715.55 OKB already burnt, the current circulating amount is now 271,451,284.45 OKB. OKB is designed by OKEx's top Research and Develop personnel based on the blockchain technology with the use of a token economic model to connect the world's highest quality innovative digital assets with OKEx platform users. OKB has built up a better OKEx ecological closed loop, and achieved a win-win in the blockchain industry. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
1