opusdt spot #OP SPOT
Entry Price
1)1.1021
2)1.0644
Targets
1)1.2548
2)1.4189
Stop LOSS :0.9785
RISK ONLY 3 PERCENTAGE OF YOUR BALANCE
OP
OPUSDT|Coin Review| A trade from a trend line.Hello trader Today I prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
Friends, I have prepared an interesting OP trade for you. All attention is on the countertrend one.
Locally, the asset has been in a downtrend for 30 days, which can be seen from the local countertrend double, which was broken not so long ago and is now a support zone.
I think we will be able to see next week a retest of the double countertrend in the zone ($1.50) from there will be my entry point.
While I'm waiting for the market correction on Monday, and there I will act according to the situation, I have placed orders to buy $1.50 in advance | 1.35$| 1.20$|
Guys this is not financial advice just sharing my thoughts on a chart!
OptimisticI'm optimistic on Optimism (OP). Bullish indicators throughout the chart. Tight squeeze impulse Elliot Wave 3 breakout possible soon in my opinion. Not only is Optimism a great project and it can also be promoted as a verb type of meme (I promote creatively on Social Media. It's still under wraps though since I'm also a Lunatic). Example: I Am Optimistic about the direction of the crypto market from here. Fear is present both inside and outside of this market but we must look past it.
Do not take as financial advise! Personal Opinion
I can see OP going to $5 easilyThere’s a clear parallel channel after the first impulse wave and pull back, I wouldn’t be surprised to see $op hit $5 soon. Just my opinion.
op/usdt 4hrAs we can see from the chart $op is in a falling wedge, indication of a reversal pattern, bullish.
I see a breakout from or before 13th Sept 2022, give or take a few days in either direction, with a target of 1.316
OP broke out falling wedge#OP/USDT
$OP broke out from upper line of falling wedge pattern.
🐮 holding above the broken line can increase price to resistance zone around $1.3 and if success to break out from this resistance it will continue its upward move toward resistance zone around $1.8.
OP/USDT ANALYSIS1. Not far from the support zone.
2. We are waiting for the break of the short correction trend, after which we will look for an entry point.
3. We are looking for a long point, since the global trend is long.
$op/usdt short term bearish, long term bullish. good fundamentals and currently in a downtrend, though in a fallen wedge, which go to upside about 68% of the time. currently waiting for a good entry for a long, $btc is currently dictating the market as well as the $dxy.
NEGATIVE DIVERGENCE ON OPUSDT (75% DOWN !!!)OPUSDT has reached the previous high and a considering negative divergence has been appeared on the rsi indicator. Some essential reversal zones are identified for our targets.
VERY RISKY TRADE IDEA SINCE BTC IS PUMPING. SHORT ON OPUSDTPERPBearish Wolfe waves - nothing much to explain! Very risky trade, and I am only risking some profits on it.
Targets in green (stick to your own stop loss / leverage).
Thought we could make use of $BTC's imbalance through impulse and the overbought RSI on the 15m timeframe diving below its RSI's MA for some quick gains.
Use proper risk management and position sizing please.
OP / USDT SHORT (Do not buy on top) hey traders
The distribution has begun, the price has reached its peak. Buying the cryptocurrency now means buying at the top. It is the time to open a short position
OPUSDT///TRADE///PATTERNHello
Op is going down to 1.2$ area and will pump to 2$ again
It have very good structures for this trade
GL
OP/ USDT LONG We are watching OP/USDT for a buying opportunity to target the top first and then the level 2.650
Wait for buyers to enter strongly from the Demand zone
GOOD LUCK !
OPUSDT |Coin Review| Breakout of the local countertrend!Hello trader Today I prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
Let's analyze the OPUSDT coin from the side of technical analysis
The asset is now locally in a downtrend, this can be seen from the local double line countertrend, it is also price resistance.
There is a strong pursed trend line, I expect a breakdown in the short term and a removal to the 0.5 Fibonacci zone ($ 1.825)
OP.Usd (Y22.P3.Video1).Cup and Handle QuestionHi All,
My thoughts for now, giving you reasons why it aligns with the cup and handle scenario.
I talk about the bullish targets, and also the bearish scenario.
Please give me a like and share,
All the best,
S.SAri
Double Top on OPUSDTBINANCE:OPUSDT
OPUSDT seems to have made a double top 2 days ago on the daily chart, it made two consecutive Shooting Star Reversal Patterns. There is negative divergence on the RSI indicator.
Could make a good short here with stop above $2.28 USDT.
Not a recommendation.
Good Luck to You.
Optimism $OP (SHORT) Currently Overvalued Compared to Polygon Optimism, a layer 2 scalability play on Ethereum is currently trading at an $8.2B fully diluted valuation, as compared to Polygon's $9.2B valuation.
While TVL (total value locked) on Optimism is soaring, it's still only $1.1B compared to Polygon's $1.7B.
We're likely just seeing a rotation of money chasing DeFi opportunities in the Optimism ecosystem as there are no DeFi protocols in the Optimism ecosystem that innovate past what is already available on other L1 and L2 ecosystems.
We've seen similar rotations like this before, most of which result in a large run up followed by a steep crash in token price.
Lastly, only 5% of OP tokens are circulating, making the price extraordinarily sensitive and volatile, particularly to the downside as more tokens become unlocked and flood the market.
Looking at two different shorting opportunities based on key margin pressure level resistance, keeping tight stop losses in case $ETH pumps on the merge narrative and the ETH ecosystem follows suit. Check out my YT channel to learn more about margin pressure levels.
OP GOING TO CREATE NEW ALL TIME HIGH? or A DUMP?OP/USDT currently moving in a symmetrical triangle which is continuation pattern , most probably it will give a bullish breakout but still their are chances that it will give a breakdown and dump upto our next suuport which is at around 22% below from our lower trendline but if it gives a breakout than technically we can see a jump upto 26% which will make a new all time high.
OP/USDT LONG1. Good drop.
2. Fall support zone .
3. Entry from the support zone .
4. Good risk to reward ratio.
OPUSDT: Deep decline could start right nowPreviously I have published an idea for OPUSDT.
Now, I made adjustments to the current wave count.
The price successfully overcame the uptrend line, forming an impulse in the assumed wave 1.
At the moment, wave 2 is being formed, in which the most highly effective trades are opened (according to trading rules by Elliott Waves).
I opened a short position and plan to increase the volume of the position at breakdown of the price minimum of wave 1.
The target level for taking profit now at $0.1.
The risk-to-profit ratio reaches 1:8.
Best Regards,
CEO Tornado Capital
