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OKBUSDT trade ideas

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
💡Don't miss the great buy opportunity in OKBUSD @okx Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (11.802). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . OKBUSDT is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 76. Take Profits: TP1= @ 13.015 TP2= @ 13.798 TP3= @ 14.858 TP4= @ 15.679 TP5= @ 17.321 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
💡Don't miss the great buy opportunity in OKBUSD @okx Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (11.802). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . OKBUSDT is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 76. Take Profits: TP1= @ 13.015 TP2= @ 13.798 TP3= @ 14.858 TP4= @ 15.679 TP5= @ 17.321 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
4
OKB | Another Buy Opportunity! Interesting Price LevelsOKB | The price Has Risen Approximately + 19% In Recent Days What Is OKB (OKB)? OKB is the OKEx utility token that enables users to access the crypto exchange's special features. The coin is used to calculate and pay trading fees, grant users access to voting and governance on the platform, and reward users for holding OKB. What Makes OKB (OKB) Unique? The OKB token plays an important role in the OKEx ecosystem. It allows users to receive up to a 40% discount on transactions (depending on the number of tokens a user has). Platform members can receive passive income if they have OKB tokens, and the token is involved in OKEx Earn (this project helps users earn on their assets). Another purpose of the OKB token is to allocate funds on the OKEx Jumpstart platform. Participation on Jumpstart is available only after registration on the site — then sales are made through MixTrust. OKB is the native asset of the OKExChain (the OKEx blockchain). The OKB token is used on the chain to facilitate spot trading, derivatives trading, and the simultaneous development of several scalable applications. Additionally, a layered architecture reduces consensus times, improves scalability, and boosts security. To add value to OKB and make the digital coin more attractive to holders, OKEx regularly burns tokens every three months and records the coin burn on the official website. For this procedure, OKEX uses 30% of the income from commission fees. On top of that, welcome bonuses are provided to new users. Technical Analysis! The price is testing historical price levels that were seen for the last time in February-21. The bearish movement was all caused by the BTC and LUNA and this is the reason why many tokens are testing historical price levels. Considering that the support area looks very solid and everything is getting back to normality This is a very good time to exchange USDT for OKB. Two simple reasons: 1. Lower commissions fees 2. We can have an increase in the token value faster than we can expect. So let's suppose that when the price will increase in the levels where it was 2 months ago you will have +97% profit on your account. if the price will test December-22 price levels you will have +177% profit And the price will test those areas again in the coming months:) Thank you and Good Luck!
Long
by KlejdiCuni
13
OKB | The price Has Risen Approximately + 19% In Recent DaysOKB | The price Has Risen Approximately + 19% In Recent Days What Is OKB (OKB)? OKB is the OKEx utility token that enables users to access the crypto exchange's special features. The coin is used to calculate and pay trading fees, grant users access to voting and governance on the platform, and reward users for holding OKB. What Makes OKB (OKB) Unique? The OKB token plays an important role in the OKEx ecosystem. It allows users to receive up to a 40% discount on transactions (depending on the number of tokens a user has). Platform members can receive passive income if they have OKB tokens, and the token is involved in OKEx Earn (this project helps users earn on their assets). Another purpose of the OKB token is to allocate funds on the OKEx Jumpstart platform. Participation on Jumpstart is available only after registration on the site — then sales are made through MixTrust. OKB is the native asset of the OKExChain (the OKEx blockchain). The OKB token is used on the chain to facilitate spot trading, derivatives trading, and the simultaneous development of several scalable applications. Additionally, a layered architecture reduces consensus times, improves scalability, and boosts security. To add value to OKB and make the digital coin more attractive to holders, OKEx regularly burns tokens every three months and records the coin burn on the official website. For this procedure, OKEX uses 30% of the income from commissions fees. On top of that, welcome bonuses are provided to new users. Technical Analysis! The price is testing historical price levels that were seen for the last time in February-21. The bearish movement was all caused by the BTC and LUNA and this is the reason why many tokens are testing historical price levels. Considering that the support area looks very solid and everything is getting back to normality This is a very good time to exchange USDT for OKB. Two simple reasons: 1. Lower commissions fees 2. We can have an increase in the token value faster than we can expect. So let's suppose that when the price will increase in the levels where it was 2 months ago you will have +97% profit on your account. if the price will test December-22 price levels you will have +177% profit And the price will test those areas again in the coming months:) Thank you and Good Luck!
Long
by KlejdiCuni
12
OKB | OKX Token | +97% Profit Is Not Bad At AllWhat Is OKB (OKB)? OKB is the OKEx utility token that enables users to access the crypto exchange's special features. The coin is used to calculate and pay trading fees, grant users access to voting and governance on the platform, and reward users for holding OKB. What Makes OKB (OKB) Unique? The OKB token plays an important role in the OKEx ecosystem. It allows users to receive up to a 40% discount on transactions (depending on the number of tokens a user has). Platform members can receive passive income if they have OKB tokens, and the token is involved in OKEx Earn (this project helps users earn on their assets). Another purpose of the OKB token is to allocate funds on the OKEx Jumpstart platform. Participation on Jumpstart is available only after registration on the site — then sales are made through MixTrust. OKB is the native asset of the OKExChain (the OKEx blockchain). The OKB token is used on the chain to facilitate spot trading, derivatives trading, and the simultaneous development of several scalable applications. Additionally, a layered architecture reduces consensus times, improves scalability, and boosts security. To add value to OKB and make the digital coin more attractive to holders, OKEx regularly burns tokens every three months and records the coin burn on the official website. For this procedure, OKEX uses 30% of the income from commissions fees. On top of that, welcome bonuses are provided to new users. Technical Analysis! The price is testing historical price levels that were seen for the last time in February-21. The bearish movement was all caused by the BTC and LUNA and this is the reason why many tokens are testing historical price levels. Considering that the support area looks very solid and everything is getting back to normality This is a very good time to exchange USDT for OKB. Two simple reasons: 1. Lower commissions fees 2. We can have an increase in the token value faster than we can expect. So let's suppose that when the price will increase in the levels where it was 2 months ago you will have +97% profit on your account. if the price will test December-22 price levels you will have +177% profit And the price will test those areas again in the coming months:) Thank you and Good Luck!
Long
by KlejdiCuni
2
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
by TheCoinRepublic