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OOKIUSDT trade ideas

OOKIUSDT - BULLISH I'm considering a long position in OOKIUSDT at a price of $0.002330. My analysis suggests that OOKI is exhibiting strength after a breakout and is currently in a ranging market. It has been forming higher highs (HH) and higher lows (HL) based on price action. An important aspect of this analysis is the absence of any bearish divergence, which is a positive signal, indicating potential for an upward trend. For risk management, I plan to set a stop loss at $0.001740, which serves to protect against adverse price movements. As for my target, I'm aiming for a 1:1 risk-reward ratio, with the initial target set at $0.002930. It's important to remain informed and understand that the cryptocurrency market can be unpredictable, so conducting thorough research is vital before making any investment decisions.
OLong
by sunnytrader07
2
OOKI TO ROCKET AGAIN 🚀 My major scenario for OOKIUSDT is super bullish therefore, I regard the previous breakout to swing high ass just the beginning. This scenario shows that we are about to begin the wave 3 of the larger degree whereby the wave 1 is already completed and the wave 2 is about to complete. For a good risk reward, it will be ideal to enter this market again just below the liquidity zone and set a stop loss at the invalidation level (origin of wave 1) stated clearly on the chart. See another scenario on my page. What do you think? Let me know in the comment section.
OLong
by DewyCandles
ooki is ready to continue the trend in the near futureAfter a wave of growth of 100%, there is a high probability that the ooki trend will continue in the near future. After the momentum of last week, the current weekly has drawn a shadow and there is a payback for the reversal of the weekly candle into a bullish one. In an optimistic scenario, there is a fairly high probability of a breakdown tomorrow. In this case, the goal will be to move past the previous week with the opening of a new week above 0.0035. If there is insufficient volatility, an attempt to move will be formed by a slow trend. On average, the goal is an attempt to consolidate above the trend line formed by hayami. Basically, the target range is 0.0050-75 with further attempts to reach 0.010-0.015. Ooki remains an option with top growth potential along with uft vib pros perl pnt cvp dock wtc drep vite epx fio oax.
OLong
by Strateg_
2
$OOKI Performing classic bullish divergence$OOKI Performing classic bullish divergence in 1Week Trading Classic Bullish Divergence involves a systematic approach to identifying and executing trades based on this technical pattern. Here's a step-by-step guide on how to trade it: 1. **Identify the Downtrend:** First, you need to confirm that there is a clear downtrend in the asset's price. This means the asset's price should be making a series of lower highs and lower lows. The downtrend is a prerequisite for Classic Bullish Divergence. 2. **Select an Oscillator Indicator:** Choose an oscillator indicator to use in your analysis. Common choices include the Relative Strength Index (RSI), Stochastic Oscillator, and Moving Average Convergence Divergence (MACD). It's recommended to use more than one indicator for confirmation. 3. **Spot the Divergence:** Look for the divergence between the price and the selected oscillator indicator. Classic Bullish Divergence occurs when the price makes lower lows, but the oscillator indicator makes higher lows. This discrepancy signals a potential trend reversal. 4. **Confirm with Other Indicators:** To reduce the risk of false signals, consider using other technical indicators or tools to confirm the divergence. For instance, you might look at trendlines, support levels, or other indicators that suggest a possible reversal. 5. **Plan Your Entry:** Once you've identified a Classic Bullish Divergence and confirmed it with other indicators, plan your entry point. Decide at what price level or under what conditions you will enter a long (buy) trade. Some traders wait for the price to break above a certain level or confirm the divergence with a candlestick pattern. 6. **Set Stop Loss and Take Profit Levels:** Determine your stop-loss order to limit potential losses if the trade goes against you. Likewise, set a take-profit order to lock in profits when the asset's price moves in your favor. These levels should be based on your risk tolerance and the asset's volatility. 7. **Manage Risk:** It's essential to manage your risk when trading. Only risk a small percentage of your trading capital on each trade, typically no more than 1-2% of your total capital. This helps protect your account from significant losses. 8. **Monitor the Trade:** Once you enter the trade, monitor it closely. Pay attention to price movements and the oscillator indicator to gauge the trade's progress. Be ready to adjust your stop loss or take profit levels if necessary. 9. **Exit the Trade:** When the asset's price starts to move in the direction you anticipated, consider taking profits or trailing your stop loss to lock in gains. Alternatively, if the trade is not going as expected, exit with a limited loss based on your predetermined stop loss. 10. **Learn and Improve:** Keep a trading journal to record your trades, including your rationale for entering and exiting. Over time, use this information to refine your trading strategy and improve your decision-making. Remember that trading Classic Bullish Divergence is not a guaranteed success, and it's just one tool in a trader's toolbox. It's important to combine this pattern with other technical and fundamental analysis to make informed trading decisions. Additionally, practice and experience are essential for becoming a successful trader. Classic Bullish Divergence is a technical analysis concept used in the world of financial markets, particularly in trading stocks, forex, and other assets. It refers to a specific pattern observed in price charts that suggests a potential upward reversal in the price of an asset. This pattern is considered bullish because it indicates that the current downtrend may be coming to an end and that a bullish (upward) move could follow. Classic Bullish Divergence typically involves two main components: Price Trend: A downtrend in the price of the asset. This is when the asset's price has been falling over a period of time, creating a series of lower highs and lower lows on the price chart. Oscillator Indicator: An oscillator is a technical indicator used to identify the momentum or strength of a price trend. Common oscillators include the Relative Strength Index (RSI), the Stochastic Oscillator, and the Moving Average Convergence Divergence (MACD). In the case of Bullish Divergence, traders pay close attention to the oscillator indicator. The divergence occurs when the price trend (lower lows) and the oscillator indicator (higher lows) move in opposite directions. In a Classic Bullish Divergence, it means that even though the price continues to make lower lows, the oscillator indicator is making higher lows. This discrepancy between the price action and the indicator suggests that the selling pressure is weakening, and the potential for a trend reversal is increasing. Traders who spot Classic Bullish Divergence may interpret it as a signal to consider buying the asset, expecting a possible upward price reversal. However, it's essential to keep in mind that no trading strategy or pattern is foolproof, and traders often use other indicators and risk management techniques to confirm their decisions. It's also important to note that there are variations of bullish divergence patterns, including Hidden Bullish Divergence, which can occur during an uptrend and may signal a continuation of the bullish trend.
OLong
by Crypto-Adda_Official
Ooki Protocol (OOKI)On the above 1-day chart price action has corrected 95% since late December, ouch. A number of reasons now exist to be bullish, including: 1) The ‘incredible buy’ signal. 2) Price action RSI resistance breakout. 3) Points 1 & 2 above is also true for the 1-day BTC pair (below). 4) Price action prints a falling wedge + breakout. 5) The Bollinger Band now shows price action above the mean as the mouth of the band is squeezing (below). This is a leading indicator of a large move to come. 6) Nudge nudge wink wink - don’t know what I mean? Shame. Is it possible price action falls further? Sure. Is it probable? No. On a fundamental level it is interesting this project is paired with the Sushi protocol, which itself is very bullish. Good luck! Ww Type: trade Risk: <=6% of portfolio Timeframe: don’t know. Return: 2x near term 1-day BTC pair 1-day Bollinger Band squeeze
OLong
by without_worries
11
OOKIUSDT Tether Short Ooki price today is $ 0.002479 with a 24-hour trading volume of $ 630,793, market cap of $ 11.30M, and market dominance of 0.00%. The OOKI price increased 1.89% in the last 24 hours. Ooki reached its highest price on Dec 25, 2021 when it was trading at its all-time high of $ 0.059360, while Ooki's lowest price was recorded on Jun 12, 2023 when it was trading at its all-time low of $ 0.002169. The lowest price since it's ATH was $ 0.002169 (cycle low). The highest OOKI price since the last cycle low was $ 0.002666 (cycle high). The Ooki price prediction sentiment is currently bearish, while Fear & Greed Index is showing 59 (Greed). Ooki's current circulating supply is 4.56B OOKI out of max supply of 10.50B OOKI. The current yearly supply inflation rate is 36.43% meaning 1.22B OOKI were created in the last year. Technical Analysis:Bearish Bearish Signals LH LL Divergence 2(See on the Chart Rsi Bullish,while PA made LH) was a strong signal that bearish Trend will continue Falling POCs PA is below 200D EMA Falling Pivots RSI below 50 Ooki is currently trading below the 200-day simple moving average (SMA). The 200-day SMA has been signaling SELL for the last 71 days, since Apr 21, 2023. The price of Ooki is currently below the 50-day SMA and this indicator has been signaling SELL for the last 72 days, since Apr 20, 2023. The most recent Death Cross in the Bitcoin market happened 55 days ago, on May 07, 2023. Meanwhile, a Golden Cross last occurred on Mar 08, 2023, which was 115 days ago. Based on our technical indicators, Ooki's 200-day SMA will drop in the next month and will hit $ 0.003703 by Jul 31, 2023. Ooki's short-term 50-Day SMA is estimated to hit $ 0.002232 by Jul 31, 2023. The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Currently, the RSI value is at 42.43, which indicates that the OOKI market is in a Bearish condition A break above 0.003Dollar must be confirmed ny 2consequent HH HLs Ooki Correlation Over the past 7 days, Ooki price was most positively correlated with the price of XRP (XRP), OKB (OKB), Cardano (ADA), NEM (XEM) and Binance Coin (BNB) and most negatively correlated with the price of Stellar (XLM), Bitcoin Cash (BCH), TRON (TRX), Bitcoin SV (BSV) and Zcash (ZEC). Ooki Price Forecast For Tomorrow and Next Week Based on The Last 30 Days Date Price Change Jul 2, 2023 $ 0.002504 1.65% Jul 3, 2023 $ 0.002571 4.37% Jul 4, 2023 $ 0.002525 2.52% Jul 5, 2023 $ 0.002496 1.32% Jul 6, 2023 $ 0.002248 -8.76% Jul 7, 2023 $ 0.002321 -5.75% Jul 8, 2023 $ 0.002220 -9.86% Jul 9, 2023 $ 0.002243 -8.92% Jul 10, 2023 $ 0.001728 -29.84% Jul 11, 2023 $ 0.001777 -27.85% Jul 12, 2023 $ 0.001724 -30.00% Jul 13, 2023 $ 0.001790 -27.32% Jul 14, 2023 $ 0.001838 -25.37% Jul 15, 2023 $ 0.001794 -27.15% Jul 16, 2023 $ 0.001821 -26.08% Jul 17, 2023 $ 0.001863 -24.37% Jul 18, 2023 $ 0.001839 -25.33% Jul 19, 2023 $ 0.001819 -26.17% Jul 20, 2023 $ 0.001819 -26.14% Jul 21, 2023 $ 0.001897 -23.00% Jul 22, 2023 $ 0.001940 -21.23% Jul 23, 2023 $ 0.001913 -22.35% Jul 24, 2023 $ 0.001972 -19.93% Jul 25, 2023 $ 0.002016 -18.17% Jul 26, 2023 $ 0.001945 -21.03% Jul 27, 2023 $ 0.001928 -21.74% Jul 28, 2023 $ 0.001910 -22.45% Jul 29, 2023 $ 0.001826 -25.87% Jul 30, 2023 $ 0.001861 -24.44% Jul 31, 2023 $ 0.001864 -24.35% Bullish and bearish price prediction patterns Some traders try to identify candlestick patterns when making cryptocurrency price predictions to try and get an edge over the competition. Some candlestick formations are seen as likely to forecast bullish price action, while others are seen as bearish. Here are some of the most commonly followed bullish candlestick patterns: Hammer Bullish Engulfing Piercing Line Morning Star Three White Soldiers Here are some common bearish candlestick patterns: Bearish Harami Dark Cloud Cover Evening Star Shooting Star Hanging Man Highlights 17 green days Days where the daily close price was above the daily open price in the last 30 days (57%) Has high liquidity based on its market cap Trading on Binance Risk Analysis Price dropped significantly over the past year, down -43% Outperformed by 84% of the top 100 crypto assets in 1 year Outperformed by Bitcoin and Ethereum Trading below the 200-day simple moving average Down -96% from all-time high Yearly inflation rate is 36.43% Ooki Predictions for years 2024 and 2025 Based on Tech Growth are bullish
OShort
by DaveBrascoFX
5