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since the last readPrice has left the range the coin's last read drew.
Price has left the range the coin's last read drew.
Daily downtrend since Sep 28, falling — the last lower high is 115.6
The setup is bearish while OKB stays under 106.0: price has bounced into a level that used to be support and now acts as a ceiling.
Backing it: on the daily chart, each peak and each dip has been lower than the last and the indicators favour the sellers' side; against it: the weekly chart is up.
Price is under the 50-day average (117.2). It is over the 200-day average (96.19).
The last 5 days are down 6.8%.
Price is 11.5% under 115.6, the last lower high, and 2.0% over 100.3, the trend's low.
What kills the setup: a daily close over 106.0, 3.5% away.
For it: price is under the average price buyers have paid since the 78.63 low, 110.6, so those buyers are losing money; more trading has happened on down candles than on up ones, so sellers have been the more active side.
Against it: the weekly chart is up.
While OKB stays under 106.0 the setup stays bearish; 100.3 is the next line it has to break.
A 1D close above 106.0 ends the bounce into resistance in a downtrend; no tested level above it on this chart — the next round number is 125.0.
A 1D close below 100.3 carries the downtrend past its last low; the next level down is 96.02.
100.3 is the floor — the trend's low, set Nov 7.
115.6 is where sellers keep showing up: it held 8 of 11 visits — a heavy volume shelf, 1.7× the volume of an average price band on this chart. It is also the 0.382 retracement of the chart's whole range and the prior week high.
OKB has been in a downtrend since Sep 28: its lows have stepped down (116.2, then 106.0, then 100.3), and so have its highs (143.3, then 115.6). Price is 2.0% over the trend's low, 100.3 (Nov 7). The last lower high is 115.6 (Nov 1), 11.5% above price; no daily close has gone over it.
The weekly picture: a recovery off the cycle low, 60% under the all-time high; on the daily, price is above the 200-day average (96.19), and the 50-day average is above the 200-day average. The daily trend runs against the weekly.
Against BTC: over the last 5 daily candles OKB moved -6.8% and BTC -1.2% — OKB is the weaker chart.
Sellers have had the daily since Sep 28: each bounce has been sold lower than the last, and no daily close has cleared a lower high. That runs against the weekly chart, which is up.
The rest of the chart backs the downtrend. Price is under the average price buyers have paid since the 78.63 low, 110.6, so those buyers are losing money. More trading has happened on down candles than on up ones, so sellers have been the more active side.
What doesn't fit: The trend is weak — ADX 19, under the 25 where a trend is real, with sellers ahead (−DI 24, +DI 14). These are the cracks in an otherwise intact downtrend.
| Level | Price | From price | Role |
|---|---|---|---|
| Swing high | 125.0 | +22.4% | swing, read |
| Swing high | 117.2 | +14.2% | swing, read |
| Golden pocket | 115.6 | +13.0% | golden pocket, calendar |
| Read ceiling | 115.6 | +13.0% | read edge |
| Resistance | 107.4 | +5.0% | sr |
| 3-TF resistance | 106.0 | +3.6% | calendar, confluent |
| Order block | 104.0 | +1.6% | order block |
| Swing high | 102.6 | +0.3% | swing |
| Support | 102.0 | -0.3% | calendar, sr |
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