The OKB technical analysis offers a breakout entry opportunity if the buyers beat the overhead resistance of 50% Fibonacci level at $16.5. The OKB price action displays a rising trend within an ascending triangle pattern with an overhead resistance of $16.5. Furthermore, the resistance level coincides with the 50% Fibonacci level, which will signal a strong buying signal upon breakout. On the other hand, the higher price rejection in the daily candle warns of another bear cycle. Would you wait to buy at the support trendline? Key Points: The 200-day EMA coincides with the $16.50 resistance level, increasing the bearish The post OKB Technical Analysis: Uptrend Teases 50% Fibonacci Breakout appeared first on Cryptoknowmics-Crypto News and Media Platform.
