OKB
OKB Price analysis:- The price is near the Resistance, and the bulls have control so, we will see a breakout, or bears will not let that happen?
- The trading volume of OKB coins in the last 24hr at the time of writing this article is +4.35%
- The Price of OKB/BTC and OKB/ETH at the time of writing this article is 0.000583 BTC and 0.007121 ETH respectively.
- The 20MA is acting as the support
Long term view:-
In the daily chart interval, the price is near the resistance. The bulls are trying to push the price above the resistance, the bulls are making a huge green candle, but the bears are not letting that happen. Let’s have a look at the technical analysis to see if the price will break the resistance or not?
Firstly, we can see the MACD, which shows green histograms as the MACD line is above the signal line but failed to cross the signal line, which means the bulls interfered. In addition to that, the RSI is in the neutral zone near 58, and the RSI line is pointing towards the overbought zone of 70, which means the bulls are winning the fight against the bears in the order book.
Lastly, the 20MA is above the 50MA, and both are above the 100MA, which is a bullish sign in the Moving average.
Short term view:-
In the 4-hour time interval, the price is near the resistance again after failing to break it before. The MACD shows a green histogram as the MACD line is above the signal line, which is a bullish sign, and there is no sign that the lines will change their character soon.
In addition to that, the RSI is in the neutral zone near 64, and the RSI line is pointing sideways, which means the bulls and bears are giving each other a good fight in the order book. Lastly, the Moving average shows a bullish move as the 20MA is between the 50MA and 100MA and the 50MA is above the 20MA.
Conclusion:-
Looking at the long term and short term, the price is near the resistance. It will break it, as the MACD in both charts is showing a bullish run and the RSI also supporting the MACD, which is a bullish sign, having said that the Moving average is also showing a bullish move but not in the 4hr as the 20MA is between the 50MA and 100MA. So the bulls will break the resistance. After that, the bears will interfere.
RESISTANCE:-$30.05,$32.51
SUPPORT:-$25.75,$23.51
DISCLAIMER
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
