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OP

Whether it can rise along the rising channel is the keyHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (OPUSDT chart) The HA-High indicator on the 1W chart formed at the 2.498 point. Therefore, if it fails to rise above 2.498, it may lead to further declines, so we need to think about countermeasures. However, since the MS-Signal indicator of the 1W chart is passing around 2.045, you need to check whether it is supported around the 2nd section of 1.828-2.045. The tertiary range, 0.919-1.129, is a strong support and resistance range. It is currently in a downtrend from the uptrend channel shown on the 1D chart. Therefore, I think it is becoming important whether it can rise above 2.498. -------------------------------------------------- ------------------------------------------- ** 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
3
Optimism Weekly Reversal Signal?Is the optimism chart trying to tell us a trend reversal is on the way? Looking at a weekly bar chart we can see last week we closed our first weekly bar BELOW the low of the highest bar in the recent uptrend. This is a classic trend reversal signal that warrants at least the setting of a stop loss at the low of the high bar and position of neutral. Does this weekly reversal signal mean price has to change. Absolutely not. It is simply an indication of trend exaustion that tyically leads to a price decline without sufficient reasoning to entice renewed bullish sentiment. An indication of continued bullish sentiment would be to push above and hold the high of the current lowest bar. This would be at $3.10. Our current position on OP is TAKE PROFIT and to set a stop loss at the low of the high bar. If stopped out consider shopping for lower prices to re-enter what has become a popular project in the cryptoverse and probably here to stay for some time. In the event OP brakes the low of the high bar on the weekly chart and manages to range re-entry above $3.10 may be in order.
by Degen-Dynasty
OP/USDT Gained 300% in past 3 month what Next..?Analysis of the OP/USDT Technical Chart: The current trading price of OP is $2.425, representing a 27% decrease from its recent high in February. However, the chart shows that OP has generated high returns for investors in the past 3 months, with a 300% increase. Currently, OP is holding strong support at the neck line level, and it is expected to continue to do so. However, if it breaks down, there is a significant down leg waiting for the breakdown, and a 50% decrease is expected. In the event of a breakdown, the first target is expected to be $1.642, with a second target of $1.16. Two major support points to watch are $1.642 and $1.435, with the possibility of a great entry point at a retracement of 0.5 and 0.618 at these levels. The current resistance level for OP is $3.16. If you find this analysis and content helpful, please show your appreciation by liking it. Thank you. Follow For More Crypto Analysis
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by CryptoPatel
4