OKB - OKB/USD - 1H - Technical analysis published on 10/13/2022 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
0%
44%
My opinion
Bullish above 16.46 USD
My targets
16.91 USD (+1.79%)
17.86 USD (+7.51%)
My analysis
The bullish trend is currently very strong on OKB - OKB/USD. As long as the price remains above the support at 16.46 USD, you could try to benefit from the boom. The first bullish objective is located at 16.91 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 17.86 USD as an objective. Crossing it would then enable buyers to target 19.06 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.9
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Additional analysis
Quotes
The OKB - OKB/USD rating is 16.61 USD. On the day, this instrument gained +0.73% and was traded between 16.31 USD and 16.96 USD over the period. The price is currently at +1.84% from its lowest and -2.06% from its highest.16.31
16.96
16.61
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of OKB - OKB/USD in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 16.12 | 16.29 | 16.46 | 16.61 | 19.06 | 20.69 | 21.90 |
| Change (%) | -2.95% | -1.93% | -0.90% | - | +14.75% | +24.56% | +31.85% |
| Change | -0.49 | -0.32 | -0.15 | - | +2.45 | +4.08 | +5.29 |
| Level | Intermediate | Minor | Minor | - | Minor | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.97 | 15.31 | 15.90 | 16.24 | 16.83 | 17.17 | 17.76 |
| Camarilla | 16.23 | 16.32 | 16.41 | 16.49 | 16.58 | 16.66 | 16.75 |
| Woodie | 15.10 | 15.37 | 16.03 | 16.30 | 16.96 | 17.23 | 17.89 |
| Fibonacci | 15.31 | 15.67 | 15.89 | 16.24 | 16.60 | 16.82 | 17.17 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.54 | 14.91 | 15.33 | 15.70 | 16.12 | 16.49 | 16.91 |
| Camarilla | 15.52 | 15.60 | 15.67 | 15.74 | 15.81 | 15.89 | 15.96 |
| Woodie | 14.56 | 14.92 | 15.35 | 15.71 | 16.14 | 16.50 | 16.93 |
| Fibonacci | 14.91 | 15.22 | 15.40 | 15.70 | 16.01 | 16.19 | 16.49 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.90 | 11.63 | 13.88 | 15.61 | 17.86 | 19.59 | 21.84 |
| Camarilla | 15.03 | 15.39 | 15.76 | 16.12 | 16.49 | 16.85 | 17.22 |
| Woodie | 10.15 | 11.76 | 14.13 | 15.74 | 18.11 | 19.72 | 22.09 |
| Fibonacci | 11.63 | 13.15 | 14.09 | 15.61 | 17.13 | 18.07 | 19.59 |
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): | 53.38 | |
| MACD (12,26,9): | 0.1800 | |
| Directional Movement: | 6.39 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 16.68 | |
| Parabolic SAR (0,02-0,02-0,2): | 16.94 | |
| Elder Ray (13): | 0.10 | |
| Super Trend (3,10): | 16.12 | |
| Zig ZAG (10): | 16.64 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 63.39 | |
| TEMA (21): | 16.74 | |
| Williams %R (14): | -32.99 | |
| Chande Momentum Oscillator (20): | 0.31 | |
| Repulse (5,40,3): | 0.3200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1600 | |
| Courbe Coppock: | 6.50 |
| MA7: | 15.99 | |
| MA20: | 15.72 | |
| MA50: | 15.67 | |
| MA100: | 16.15 | |
| MAexp7: | 16.59 | |
| MAexp20: | 16.42 | |
| MAexp50: | 16.17 | |
| MAexp100: | 15.99 | |
| Price / MA7: | +3.88% | |
| Price / MA20: | +5.66% | |
| Price / MA50: | +6.00% | |
| Price / MA100: | +2.85% | |
| Price / MAexp7: | +0.12% | |
| Price / MAexp20: | +1.16% | |
| Price / MAexp50: | +2.72% | |
| Price / MAexp100: | +3.88% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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