2022-04-07 OPULUSDT Finding a Bottom & Looking to Long
Updated
Some thoughts on OPULUSDT:
Daily: showing signs of a change in fortune. 10/20 EMA cradle has turned bullish.
12hr: looking very positive as well. Broken through the 100EMA and is retesting the 10/20EMA for a new support level.
4hr: Couple of shots of the 4hr showing possible targets if the $1 boundary (black line) is broken.
1hr: Showing signs of needing a bit of a cool off on the lower timeframes. I've marked areas of interest for taking a long entry.
Daily: showing signs of a change in fortune. 10/20 EMA cradle has turned bullish.
12hr: looking very positive as well. Broken through the 100EMA and is retesting the 10/20EMA for a new support level.
4hr: Couple of shots of the 4hr showing possible targets if the $1 boundary (black line) is broken.
1hr: Showing signs of needing a bit of a cool off on the lower timeframes. I've marked areas of interest for taking a long entry.
Order cancelled
Updating this idea following the recently push down by Bitcoin. This move has obviously caused similar uncertainty across the other digital assets and as such has resulted in me cancelling this "long" idea for OPUL.Reviewing the 4H, we can see a successful bearish retest of the 4H 10/20 EMA cradle, with potential for more downside.
I'm on the side lines for now.
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