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OP

The key is whether it can rise beyond the box range of 1.231-1.4Hello? Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (OPUSDT chart) The volume profile section is formed in the range 0.919-1.129. Therefore, if the price is maintained above the 0.919-1.129 range, it is expected to continue its upward trend. (1D chart) It shows sideways movements in the range of 1.111-1.68. Accordingly, the key is which direction to deviate from this section. It is necessary to check whether the price can be maintained by rising above the 1.231-1.4 section, which is the currently formed box section, above the M-Signal indicator of the 1M chart and above the rising trend line. If it falls below 1.310, there is a possibility that it may fall to around 1.111, so you need to think about a response plan. -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
by readCrypto
Be patient, dawn is nearThis currency has a falling trend in daily time and recently we saw the fall of this currency after encountering a downward trend. But on the other hand, in the last 100 days, it has not had a floor lower than the previous one, so there is hope for growth in this currency. As you can see, the support and resistance ranges for this currency have been determined and the possibility of growth for this currency is stronger. Therefore, as long as it is above the support range that we have identified, I consider the growth stronger. If you want to introduce your currencies so that I can analyze them for you, I will be happy to share my opinion about your currencies and exchange ideas. Also, I will be happy if you follow me and I will get energy to continue.
by karaco2022
OP/USDT is Gearing Up for Remarkable Shift? Op today analysis🚀💎 Paradisers! Brace yourselves as we've spotted #OPUSDT positioning itself for a spectacular move! It's currently navigating through a descending channel, setting the stage for a potential upward breakout. 💎 A few days ago, our observations pinpointed that after testing the bearish OB, NASDAQ:OP initiated a substantial downward trajectory. After securing liquidity below, it seems to be reinstating its upward momentum. 💎 Presently, it’s maneuvering within a descending channel, and the VRVP is revealing significant volume. This is a strong indication that the price is likely on the brink of embarking on a bullish journey from this point. However, do keep in mind, a breakdown of support could trigger a downward movement. 💎 If trading is on your mind, remember to set a proper stop loss and tread with caution and wisdom! Stay informed and navigate the crypto waves with precision and insight! 🌴
Long
by MyCryptoParadise_Simon
OP UPDATE (4H)OP is forming a falling triangle from the point of view of the Neo-Wave method. The red area that I have marked is a confirmed order block that has many orders in it because it has led to a BOS. The green area is a good place to place the target. I think there is a good chance for a short position on the OP symbol. Place the stop above the red box, i.e. at the invalidation level Be sure to do capital and volume management because there is no technical certainty and the review is probable.
Short
by behdark
Bearish Trend and Critical Price LevelsOver the last month, the value of OP has been on a downward trend, indicating a bearish pattern. The support level at $1.53 didn't see an increase in buying interest. The overall market had more selling pressure, causing this support level to break. As a result, it transformed into a significant resistance point, leading to a negative response. During this period, the price reached the lower boundary of a medium-term upward channel on two occasions. The first instance resulted in a notable positive response. However, the second attempt didn't yield a strong reaction. If the price continues to drop and breaks through both the lower boundary of the channel and the $1.10 support level, the conditions for this currency will worsen. This could lead to further decline, possibly down to the support level at $0.90.
by MonoCoinSignal
6
🔥 OP Parallel Channel Bounce: Looks Quite Bullish!OP saw an incredible start of 2023. Sadly, after a huge move early in the year, OP has been selling off for most of the months after the initial pump. However, I see signs that the sell-off is done and that there's more bullishness coming soon, arguably even a new all-time high. Key component of this trade is the bottom support of the parallel channel (the top resistance is a direct copy of the support line) For the best risk-reward I'm looking at a target of 6.00, potentially 3.00 if you're more risk averse. Stop at 1.2 which is just below the recent low. In previous analyses I've mentioned that I see more bearish price action coming to BTC, so this trade could function as a hedge. OP is arguably one of the better looking alts at the moment with a lot of potential upside.
Long
by FieryTrading
10
OP: Channel UpTrade setup : Trading in a Channel Up pattern. Trends are improving. We wait for a breakout, ideally with confirmation when price breaks above $1.80 resistance and 200-day Moving Average (~$1.97). Benefiting from the launch of Worldcoin (WLD), which is based on Optimism protocol. Pattern : Price is trading in a Channel Up pattern. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Trend : Uptrend on Medium-Term basis and Downtrend on Short- and Long-Term basis. Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral). Support and Resistance : Nearest Support Zone is $1.50 (previous resistance), then $1.20. The nearest Resistance Zone is $1.80, then $2.80
Long
by altFINS
1
OP: Channel DownTrade setup : Benefiting from the launch of Worldcoin (WLD), which is based on Optimism protocol. Trends are mixed but improving as the price bounced from $0.90 and broke back above a couple of key levels ($1.20, $1.50). Overall, it’s trading in a Channel Down pattern and we’re waiting for a breakout, ideally above 200-day Moving Average (~$1.95) that would confirm a trend reversal to Uptrend, with potential upside to $2.80 thereafter. Pattern : Price is trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Trend : Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis. Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $1.50 (previous resistance), then $1.20. The nearest Resistance Zone is $1.80, then $2.80
Long
by altFINS
1.828-2.045 is the support and resistance rangehello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (OPUSDT chart) Among the coins (tokens) that are expanding the coin ecosystem introduced previously, it is the only coin (token) that is showing an upward trend. (1M chart) Very little can be learned from the 1M charts as the charts have not yet been properly created. However, you can see that the Heikin Ashi candle has turned into a bullish sign. (1W chart) It is a matter of being able to keep the price above the MS-Signal indicator. If not, you should check if the price holds above 1.442. The 1.442 point corresponds to the HA-Low indicator point, so if you bought around this area, the first selling section is around the HA-High indicator. Therefore, the HA-High indicator is currently created at the 2.498 point, so there is a possibility of a rise up to around 2.498. However, it is likely that a new HA-High indicator will be created as the real price rises. If the HA-High indicator is newly created, the area around it corresponds to the first selling zone. (1D chart) I think there are three major sections of support and resistance. 1st: 2.498-2.932 2nd: 1.828-2.045 3rd: 0.919-1.129 Currently touching the 3rd section and ascending to the 2nd section. Therefore, if you bought in the 3rd segment, the 2nd segment corresponds to the selling segment. If not, it is possible to buy when support is confirmed in the 2nd section and sell in the 3rd section. OP belongs to the category that is expanding the coin ecosystem, but corresponds to a coin (token) that has just been created. Therefore, in order to trade over the medium term, it is necessary to increase the number of coins (tokens) corresponding to profit. You need to be careful because buying at a blind and low price and waiting unconditionally for the price to rise can tire people out. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
OP: Channel DownTrade setup : Benefiting from the launch of Worldcoin (WLD) , which is based on Optimism protocol . Trends are mixed but improving as the price bounced from $0.90 and broke back above a couple of key levels ($1.20, $1.50). Overall, it’s trading in a Channel Down pattern and we’re waiting for a breakout, ideally above 200-day Moving Average (~$1.95) that would confirm a trend reversal to Uptrend, with potential upside to $2.80 thereafter. Pattern : Price is trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Trend : Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis. Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $1.20, then $0.90. The nearest Resistance Zone is $1.50, which it broke, then $1.80, and $2.80
Long
by altFINS
1