OKTUSDT trade ideas
OKTUSDT Massive rebound near $23.00 expectedThe OKC token (OKTUSDT) is the native token released on OKC's genesis block, a decentralised blockchain designed to serve blockchain-based business applications. On this post, we will analyze how the current pattern is bullish short-term and what needs to take place in order to see a long-term bullish break-out.
** Technical Analysis **
This chart shows OKTUSDT on the 1D time-frame. The broader pattern has been a Falling Wedge with Lower Lows since September 26 2021 and Lower Highs since Decemebr 27 2021. Interestingly enough, the short-term patten since August 14 has also been a Falling Wedge, with the price just breaking above it. As you see, similar short-term Falling Wedges within the broader Falling Wedge pattern, have resulted into massive rebounds above the 1D MA200 (orange trend-line) when broken. See also how their RSI patterns have been similar.
The 1D MA50 (blue trend-line) is just above and a break can target (based on this pattern) the 1D MA200 and the Dec 2021 Lower Highs trend-line within 23.00 - 25.00. That seems to be a solid medium-term target for the OKC token.
** Fundamental Analysis **
Fundamentally, OKTUSDT remains an excellent investment opportunity as, being the world's first trading chain - blockchain technology built for trading, it is the next step in the development of decentralized trading, where people can trade anything of value on-chain, and own and control the assets that they trade. OKC provides safe and efficient infrastructure for creating decentralized applications for seamless on-chain trading of all kinds of assets within a cross-chain, value-exchange ecosystem.
To understand the value of OKT Token, it is advisable to know what the OKC ecosystem is, a decentralised blockchain designed to serve blockchain-based business applications. Its cross-chain technology ensures that users launch their applications and issue their own cryptos. All are linked together to create a valuable ecosystem. In addition to cross-chain technology, OKC offers another special feature - on-chain data extension to retain irreversibility and tamper-resistance, while also making it more efficient and cost-saving. OKT (OKC Token), is the native token released on OKC's genesis block that powers the chain. It brings utilities, voting rights and staking privileges to holders.
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OKT USDTWith KCS at a new ATH & Binance resuming it's uptrend, how should OKT not go back to it's previous levels?
I like coins at their lows & accumulation zones before they shoot up.
We're seeing volume coming back on the daily with a 10% up in price today. That's pretty bullish to me.
What do you think?
OKT USDTOKT looks great here with low risk for a long term investment.
Needs more volume, confirmation & what not but I doubt we'll see much lower prices here.
$OKT currency is still waiting for you to join, do not waste itThe currency is still waiting for you to join,so do not waste it. we have support at moving 200.
The simplicity is the Key.
Good luck
Take yr Risk management.
OKTUSDT long Risk warning, disclaimer: the above is a personal market judgment based on published information and historical chart data on Tradingview, all analysis is only subjective. Hope investors consider, I am not responsible for your investment decision. Thank you.
Good luck
