OKB analysis: expecting wave 5 🚀

2023年4月26日

Hello, in this post I will share a detailed analysis of OKB.

🛠️ OKB is a utility token from OKX exchange.
With it, it is possible to have discounts on trading fees and passive income in DeFi/CeFi.
OKX is one of the largest CEX (Centralized Exchange).

📆 Previously on August 2, 2022, I had already analyzed this token, but in the BTC quote:

As seen, the Fibonacci target of 1,618 has already been reached.
Now the next target is on projection 2, copying the same height as the triangle below.

🟢 Going back to the USDT quoted chart, reducing the timeframe to 1 day, we have a symmetrical triangle.
Price broke above the triangle, and performed a throwback, allowing for an entry.


That said, we have a bullish bias for this asset.

🌲 So far we've analyzed the tree.
Let's analyze the forest.
Comparing the 1-year performance of the main exchanges plus BTC:


Which shows that the token is above average.