Okcash
OK - your okay holdHi All!
Today we long OK Cash.
Entry: 7.6k sats
Target: 10.5k sats = 50% gain
Target2: This coin is perfect for holding, with very active development team, populous community and great rewards for staking.
As many know, Goblins are cooperating with OK Cash.
FA:
Sept 29-30th a dev update with a new wallet release.
OK Cash has upgraded .
Fast Speed
Low Fees
IoT Ready
PoS - unique Long term sustainable staking
Supports good cause: www.okcashforcause.org
TA:
We are buying the dip after recent ATHs.
Happy trading! ;)
PM to join Goblin Town!
OKcash ready to move upward?Looks like the correction completed at wave 1 support. Now we are in a triangle patterns where the short-term down trend (much shallower than the initial correction) is about to meet the longer-term uptrend.
If the support can hold, giving us a pop to the upside, then we may be getting ready for another move higher.
OK Cash vs USD ideaI am charting in USD to get rid of any BTC fluctuations. I find that the fib levels and price action aligns well against USD.
For this idea I think OK Cash has been pumped whole lot and needs to cool down. A lot of chart elements are lining up against it signaling a correction.
Look for reversal actions at key supports/ resistances - noted in colored boxes here - for short term trades.
Good luck everyone. Please comment if you have any questions.
Please note that this is not trading advice. People should make up their own opinions and use my analysis just as a reference.
It's uncertain times so we should be careful
OKCash Correction and Eliot Wave completion. OKCashBTC
-I know there is a lot of news on this coin going forward, but my analysis are based on 50%technical, 20% Psychological/sentimental, 20% Fundamental and 5% News.
-So (Technically) if the markets behave as expected we can only wait to see a continual move towards the support lines as the MA cross, or (News) a move down and then a possible try up which should be faced with strong resistance at the Resistance to end up correcting finally.
-Remember Coin is in un-chattered waters now anything can happen which means there is no resistance of consequence once the all time high is broken or a long consolidation on the downside. Trade with caution.
P.S
The trend is your friend till its not!
OKCash buy on dips scenariosOKCash has seen a huge run up the past couple of days while everything else has seen a large flight of liquidity. It could potentially keep going up from where it is, but it appears most likely to correct before making much progress upwards. Right now it is barely hanging on to the 10 period VMWA on the H1 chart. There are huge walls of sellers around 0.000083 BTC and again near 0.00009 BTC. So even if we do break the high, the risk/reward ratio doesn't favor an entry here. Divergence on the RSI is indicating ebbing momentum as well. I will be looking to enter at 2 possible different points depending on how the price action and shorter term time frames look near those levels.
The first buy zone would likely be good for a smaller swing back up to near the 0.00008 BTC level, and it has less of a chance of continuing to push past that. OKCoin has a lot of momentum at the moment so it is entirely possible that it only needs to correct to this level before continuing upward.
The second buy zone comes in at the confluence of the 50&100 period VWMA's, lower Bollinger Band, 50% Fibonacci retracement, and a strong previous support level near the psychologically important 0.00005 BTC level. Overall it appears very likely to hold this level if it makes it down that far, and this is the scenario that appears most favorable for a quality swing entry.
This coin has had an amazing bull run the past couple days, and I would expect a lot of speculative traders to look to take profits near the current record highs. The current sellers shown on the order book strongly support this, and the buy orders don't start to get heavy until between 0.00005 - 0.00006 BTC. Fundamentally this cryptocurrency does appear to support it's increasing valuation. They have over 200k followers on twitter, and a huge slate of releases/updates planned over the next couple months. Sentiment generally appears very strong over the long run.
- twitter.com
OKcash - Long term HODL and StakeOKCash (Bittrex: OK) is a long running cryptocurrency has grown large community support (2500+ members) and seems to be entering accumulation. On the 1 week chart, we see it breaking a long bullish Run. Prices have now dipped right back into accumulation. Given the higher volumes, expect this price range to last much shorter than last time, and expect the target to push new ATH.
Keep coins in OKcash wallet and earn 10% APR (until march 2018, then goes to 5%) automatically added to your wallet as you stake.
Update your wallet: okcash.co
Join the Okcash Community: discord.me
Register your business for free over: okyourday.com
OKcash Block Halving - okcashblockhalf.com