The pair will turn negative if the price turns around from one of the overhead resistances and plummets below $107. Nonetheless, we give it a low probability of occurring.
The bulls have not been able to push the price above $1.295480, which shows profit-booking at higher levels.
Traders can buy on a close above $1.295480 and keep a stop loss of $0.80.Our bullish view will be invalidated if the price reverses direction from $1.295480 and plummets below $0.829651.
Though bears broke below the critical support of $0.022 during the week, they could not sustain the price at lower levels.
With halving just a few days away, can the price resume its uptrend or will it remain range-bound? Let's find out.
The stop loss can be kept at the recent lows of $76.Our bullish view will be invalidated if the price turns down from the channel and plunges below $76. In such a case, a drop to $58 is probable.
If the price breaks below $3.4101 during the next fall, it can retest the lows at $2.9277.Conversely, if the pair rebounds off the support zone and breaks out of the 20-day EMA, it is likely to reach the 50-day SMA and above it $6.15.
Is this a good opportunity to scoop OKB before prices shoot up? Let's look at the technical picture.
Currently, the price has broken out of the range and is likely to move up to $2.5566, which will act as a stiff resistance.
It will lose momentum on a break below the 50-day SMA and will turn negative on a breakdown of $1.2616.*Disclaimer: OKB is a featured cryptocurrency from one of Cointelegraph's sponsors, and its inclusion did not affect this price analysis.
Top-5 Crypto Performers: BSV, XTZ, TRX, LTC, ATOM, OKB*
에 게시 됨 Jul 21, 2019
by Cointele | 에 게시 됨 Coinage
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