OKB (OKEx: OKBUSDT) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, OKB began a red wave one advance on February 8. The red wave one peaked on February 10 and the red wave two correction ended on February 15. The red wave three (blue sub-waves i-ii-iii-iv-v) finished on February 22 and the red wave four (blue sub-waves a-b-c) correction ended on February 28. If this wave count is correct, OKB should be heading next towards the February 22 peak in the red wave five.
(Chart courtesy of Tradingview.com (log scale))
Zooming out in the monthly chart, I believe OKB is currently in the red wave three (blue sub-waves iii). The red wave one began in January 2019 and the red wave two correction ended in March 2020.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
OKB is the utility token of OKEx. Ternio made an intro video of the token last year.
(Sources: https://www.okex.com/okb)How Will OKB Trade?
OKB (OKEx: OKBUSDT) daily chart by Tradingview.
(Chart courtesy of Tradingview.com (log scale))
Prizes
I will be giving upvotes to the correct answers with minimum reputation of 25.
Rules
This poll will expire in one week. Only one vote per person.
Which one will happen first?
Please select one of the three choices and comment below.
OKB will takeout the February 22 peak
OKB will drop below the February 15 low
OKB will stay in a trading range between the February 15 low and the February 22 peak until April 16
