Formation of the Triangle
OKB has recently formed a triangular pattern, where the upper side of the triangle is highlighted with black lines and has successfully broken upwards.
Based on this breakout, new price targets have been determined. Additionally, the lower side of the triangle is considered as an ascending trendline, serving a supportive role.
Currently, the price is moving according to the analysis performed.
However, the continuation of reaching the set targets depends on maintaining the ascending trendline. If, for any reason, this trendline breaks, the upward trend could halt, and the price might fall to the red line, which serves as another support line. Maintaining this trendline is crucial to prevent significant changes in the price trend.
Based on this breakout, new price targets have been determined. Additionally, the lower side of the triangle is considered as an ascending trendline, serving a supportive role.
Currently, the price is moving according to the analysis performed.
However, the continuation of reaching the set targets depends on maintaining the ascending trendline. If, for any reason, this trendline breaks, the upward trend could halt, and the price might fall to the red line, which serves as another support line. Maintaining this trendline is crucial to prevent significant changes in the price trend.
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