OKB - OKB/USDT - 1H - Technical analysis published on 07/07/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
44%
17%
39%
My opinion
Bullish above 4.94 USDT
My targets
5.10 USDT (+2.00%)
5.54 USDT (+10.80%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on OKEX - OKB/USDT. As long as you are above the support located at 4.94 USDT, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 5.10 USDT would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 5.54 USDT as an objective. Crossing it would then enable buyers to target 6.77 USDT. If the support 4.94 USDT were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
4.1
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The OKEX - OKB/USDT rating is 5.00 USDT. The price registered a decrease of -2.53% on the session and was traded between 4.94 USDT and 5.14 USDT over the period. The price is currently at +1.21% from its lowest and -2.72% from its highest.4.94
5.14
5.00
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of OKEX - OKB/USDT in 1H shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a slightly bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.85 | 4.88 | 4.94 | 5.00 | 5.10 | 5.54 | 6.77 |
| Change (%) | -3.00% | -2.40% | -1.20% | - | +2.00% | +10.80% | +35.40% |
| Change | -0.15 | -0.12 | -0.06 | - | +0.10 | +0.54 | +1.77 |
| Level | Minor | Intermediate | Minor | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.61 | 4.72 | 4.93 | 5.04 | 5.24 | 5.35 | 5.56 |
| Camarilla | 5.05 | 5.07 | 5.10 | 5.13 | 5.16 | 5.19 | 5.22 |
| Woodie | 4.66 | 4.74 | 4.97 | 5.06 | 5.29 | 5.38 | 5.61 |
| Fibonacci | 4.72 | 4.84 | 4.92 | 5.04 | 5.16 | 5.23 | 5.35 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.60 | 4.74 | 4.82 | 4.96 | 5.05 | 5.18 | 5.27 |
| Camarilla | 4.85 | 4.87 | 4.89 | 4.91 | 4.93 | 4.95 | 4.97 |
| Woodie | 4.58 | 4.73 | 4.80 | 4.95 | 5.02 | 5.17 | 5.24 |
| Fibonacci | 4.74 | 4.83 | 4.88 | 4.96 | 5.05 | 5.10 | 5.18 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.70 | 4.18 | 4.62 | 5.11 | 5.54 | 6.03 | 6.46 |
| Camarilla | 4.80 | 4.88 | 4.97 | 5.05 | 5.14 | 5.22 | 5.30 |
| Woodie | 3.67 | 4.17 | 4.59 | 5.09 | 5.51 | 6.01 | 6.43 |
| Fibonacci | 4.18 | 4.54 | 4.75 | 5.11 | 5.46 | 5.68 | 6.03 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 55.54 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 5.24 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 5.01 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.94 | |
| Elder Ray (13): | 0 | |
| Super Trend (3,10): | 5.04 | |
| Zig ZAG (10): | 5.04 | |
| VORTEX (21): | 0.8200 | |
| Stochastique (14,3,5): | 32.83 | |
| TEMA (21): | 4.99 | |
| Williams %R (14): | -49.47 | |
| Chande Momentum Oscillator (20): | -0.04 | |
| Repulse (5,40,3): | 1.1700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 4.28 |
| MA7: | 4.97 | |
| MA20: | 5.00 | |
| MA50: | 5.12 | |
| MA100: | 5.00 | |
| MAexp7: | 5.00 | |
| MAexp20: | 5.01 | |
| MAexp50: | 4.99 | |
| MAexp100: | 4.97 | |
| Price / MA7: | +0.60% | |
| Price / MA20: | -0% | |
| Price / MA50: | -2.34% | |
| Price / MA100: | -0% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -0.20% | |
| Price / MAexp50: | +0.20% | |
| Price / MAexp100: | +0.60% |
Quotes :
2020-07-07 15:12:20
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Real time data
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