OkCash VS Bitcoin Strong Uptrend Expected

BITTREX:OKBTC   OkCash / Bitcoin
OkCash has been consolidating since October 2017, while rejecting 2.5k satoshi support area multiple times. But only now it shows first signs of an uptrend against the Bitcoin by producing higher highs and higher lows. OK/BTC also closed above the downtrend trendline and the 200 Moving average confirming the upcoming trend up.

Currently, the price is at the support level where previously 4/1 Gann Fan trendline has been rejected, that is 3.8k satoshi. From that level, it is quite likely that OkCash will continue rising to test the first strong resistance near 10k satoshi psychological level. This resistance is confirmed by two Fibonacci retracement levels. First is a 50% Fibs applied through the last corrective wave up started in September last year. And second is 427.2% retracement level applied to the corrective wave down after breaking above the 200 MA and the downtrend trendline . Only a break and close below the 2.3k satoshi support could invalidate bullish outlook.
Comment: OkCash rejected support
not yet
HiTech MarcelV
@MarcelV, yes yet
+3 Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out