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: