#BullishMindset #BullRunProfit #Altcoins" $$OKBđ Technical Analysis on $OKB
If we look at the OKB on a daily basis, we notice that the price has been trending upward for several months and even for several years. It is an asset that I appreciate, because it is very solid. After marking a local high at $74, the price returned below $50. It's starting to interest me, because the MACD indicates bullish divergences. Sellers are running out of steam.
We therefore have a first signal, but I also expect a change in trend in the medium term. For me, it will take a buying reaction that would take the price beyond the EMA13/MA30 moving averages and also a close beyond the last high at $52.5. If that happens, I'm targeting the shorts reload zone (0.618-0.786 Fibonacci retracement) located between $62.$ and $68. This is where I will take profits, and also, in the event of a return to the level of the last high at $74. My invalidation would be a close below the last low which is at $44.5.
Definitions of indicators, say in the comments, definitions of indicators if you wish to have it.
â ïžNFA & DYOR
