OKB Technical Analysis: Bullish Reversal Ready Surpass $20

OKB prices reflect a bear trap in liquidating sellers as the bullish reversal inflates prices by 10%. But will the reversal rally surpass $20? Key technical points: OKB prices show an overnight growth of 4.12%. The MACD indicator shows a bullish crossover. The 24-hour trading volume of OKB is $73 Million, marking a 50% rise. Past Performance of OKB OKB token price shows a sharp bullish recovery over the past 72 hours, trapping sellers after the support trendline fallout. The bullish reversal forms the solid bullish engulfing candlesticks reflecting a V-shaped reversal accounting for a jump to the 50-day EMA. Source-Tradingview OKB Technical Analysis The OKB coin price action is projecting a high likelihood of completing the triple white soldier’s pattern to cross above the 200-day EMA. Moreover, the recent growth in teaching volume represents a solid bullish commitment. The crucial daily EMAs showcase a bearish alignment with a sideways trend, gradually gaining bearish momentum while providing dynamic resistance. However, the bullish reversal challenges the 50-day EMA teasing a bullish breakout that will potentially surpass the 200-day EMA. The RSI slope indicates an upwards trend by crossing into the nearly overbought area after a sharp reversal to surpass the 14-day SMA. Hence, the indicator displays an increasing bullish momentum ready to outperform the 200-day EMA. The MACD and signal lines fail to sustain a bearish alignm...