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Okbusdt

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.
Long
by cryptohopper
OKB (OKB) - July 7Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (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. ------------------------------------- (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. ------------------------------------------ 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 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)
by readCrypto
1
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. ------------------------------------- (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)
by readCrypto
OKEx - yet unrealized perspectiveOKEX:OKBUSDT The indicative price for the coming year, according to our estimates, is USD 51, which is 251% upside from the current value. OKB is a traditional utility token with a deflationary pricing model. The exchange team has endeavoured to ensure it the maximum possible use, both internally and by external projects and applications. Given that a part of tokens is withdrawn from circulation every three months, the outlook for price growth looks rather optimistic. When compared to tokens of its closest competitor in terms of a number of users and trading volume, OKB is significantly undervalued. It had more value losses than other tokens at the end of the last crypto market decline. The reason for this may have been the fact that a large share of business comes from the Chinese market, whose tight regulation was the main reason for the price drop. However, the exchange has long experience in conflict resolution with the authorities and has developed successfully despite the restrictions that have been in place since day one. Among the risk factors that could affect the token price are the overall market dynamics (if the decline continues, it may take considerably longer to recover) and the possibility of increased regulatory pressure from the authorities.
Long
by DeltaTheta_Research