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OP / TetherUS
Short
Updated

Three scenarios | Two good, One bad

471
Daily Chart
snapshot

Now, OPUSDT is on ascending trend line acts the support in this situation.
I figure out 3 scenarios for OP now:
  1. Number 1. Price will bounce back and going up resistance zones at 1.83
  2. Number 2. Price will break down support and touch Hidden Support around 1.29 then consolidation phase long time before test resistance at 1.83
  3. Number 3. Price down to 1.14 and sideway long time


So, wait and see what happen
I'll update
Note
snapshot

Scenario 2 is happening
trieutv
Also on:
breakdownbreakoutDemand ZoneFibonaccihiddentrendlinepullbackretestSupply ZoneSupport and ResistanceTrend Linestrieutv

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breakdownbreakoutDemand ZoneFibonaccihiddentrendlinepullbackretestSupply ZoneSupport and ResistanceTrend Linestrieutv
trieutv
Also on:

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.