OKBUSD trade ideas
Will The Breakout Of OKB Coin Price Sustain For A New High?The weekly technical chart of OKB suggests a downside trend for the future. On the daily chart, the asset is looking to jump above for a new high. OKB coin price upside trend may face a hostile region near $30. The bounceback of the asset can see a bounceback near the value of $20. OKB price is currently trading below the 50 and below 100 Daily Moving Average. OKB/BTC pair can also see a strong upside trend in the future
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
TA-Tuesday - Lets check out how the CEX and DEX have done...Good Morning!
After further regulatory tightening in China, and the subsequent move of users and capital to other venues, I thought it would make sense to create a chart depiction.
I have included larger exchanges that have an exchange token and also decentralised exchanges.
On the right-hand side of the chart, you can see the percentage change since Setpember 8th (this is when there were some first signs of further regulatory tightening). The series follows the name labels at the top of the chart.
The following ranking lists the exchanges with the greatest loss first:
1. Huobi
2. OKEx
3. FTX
4. Binance
5. Bitfinex
6. Sushi Swap
7. Uniswap
8. DYDX
In my view, the main reasons responsible for pushing the price lower were:
- Stricter KYC/AML policies needed
- Leverage restrictions/limitations
- Crypto trading becoming illegal in China
It is no wonder that we are seeing decentralised exchanges profitting from those changes. DYDX is the clear winner due to the fact that they offer derivatives (perpetual futures) with leverage. If those quick gains end up being sustainable only time will tell. I will be following the trading volume numbers of CEX (centralised exchanges) versus DEX (decentralized exchanges) very closely.
OKB getn over that fud ://they due OKB is claiming they will start suing if news artical_fud keeps getting spread on them. this got pushed wayyy to low considering the rest of sim alts have gained back a bunch of ground while OKB etc flounders in that last weeks china fud. Just keep in mind BTC is in a short term tricky spot n may drag alts lower so hang on n keep powder back to cost average if u do begin to take a new or stronger position in alts
btc looks like she wants to make a stand to continue the overall sideways-uptrend as alts re set. Chart wise esp in shorter time frames UNI OKB look super strong (So does CRO for all ya CRYPTO,com kats)
On the ZKSwap account went into heavy uni with some okb n sushi
Hodling main account BTC n ETH CEL ADA OCC n need to look to start scalping algo with the new tokenomics that will keep ALGO price down unless something changes. (like algo being picked for a USA etc stable coin)_more to come there later. Forced HODL after dip on SWAP ECO DMST n still holfding staked CRV 1INCH etc _also think any mainstream trustworthy bigger staking_esp layer two staking projects like LIDO even maybe NEXO AAVE whatever wont be going anywhere soon same with any fiat on n off ramp like CRO CHSB n other centralized exchanges that offer debit cards or whatever that helps people unbank n move crypto in n out of fiat.
big paypal news incoming stay HODL strong ya all n buy dem dips but take dem profits _esp in alts
okb price analysis and predictionred lines is the resistance and the green ones are the support, I think the price is building up pretty good
although there are some resistances but if todays candle does well then its goin up, you can have a look....
-all investments made are fully under your opinion and I don't take any responsibility for your own loses my job is to show you the possibilities and what the market is going for.