OP broke through!!! Get ready for an ATH!!my chart here cant be easier to read. its just to show how powerful this OP pump has shown itself to be.
Not only has it persevered and held onto support levels with ease. its managed to break all major resistance levels as an entity of its own. OP has never followed BTC or stocks with much correlation; but this is proof OP has a plan all its own!
$2 OP. feels like this should be the level to short!
A
But i believe OP will take this opportunity to soar as far as it can. Id like to imagine it will hit an ATH before this is over.
THAT BEING SAID, NO FOMO!!
if youre confident, feel free to make an entry one way or the other (long feels right to me). But be prepared for a hefty pullback before it pumps.
Ive found that when a stock or crypto breaks a MAJOR resistance level, it generally pulls back quite aggressively before launching back up. In this case, and with OP being OP, i wouldnt be surprised to see a 10-20% pullback before it makes a move upward to new heights.
And for the sake of anyone who read this...
I DO NOT GIVE FINANCIAL ADVICE! What you do with the information i provide is of your own accord. i hope you find it helpful, and i welcome any feedback and tips.
Opportunity
USD-CHF Swing Long! Buy!
Hello,Traders!
USD-CHF is now going down
But a strong rising support line
Is ahead so after the retest
I will be expecting a rebound
And a bullish correction
Towards the horizontal resistance above
Buy!
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GBP-USD Local Bearish Bias! Sell!
Hello,Traders!
GBP-USD is trading in a local falling
Opening wedge and the price has retested
The falling resistance from where we are
Already seeing a bearish reaction
So I think the price will go further down
Sell!
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✅EUR_NZD SHORT FROM RESISTANCE🔥
✅EUR_NZD will be retesting a resistance level soon
From where I am expecting a bearish reaction
With the price going down but we need
To wait for a reversal pattern to form
Before entering the trade, so that we
Get a higher success probability of the trade
SHORT🔥
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OP reaching strong resistance for the third timeOP has tested this resistance a few times now and has been rejected each time. A short entry in this range is my gut feeling.
That being said, OP has proven to hold onto supports quite well since its major pump thanks to news about their layer 2 protocol and progress!
if OP break through this resistance, i expect it to form a higher high. If it rejects again, i can see it falling into or as low as indicated by the arrow.
Bitcoin : Get Ready for a BIG MoveHello Team,
Bitcoin has set up a big trading opportunity. As Bitcoin whales such as Tesla who sold (75%) of their holding and Defi platforms fall apart the price continues on its bearish trend. As we near the apex of this structure we can look for another sizeable incoming move. We want to be set up with both scenarios as always. Currently, our bias is bearish seeing as another leg down to continue the trend is a higher probability at this moment. The only way the bias would change is a large volume break above the resistance structure. Upcoming news events such as FOMC tomorrow will be a larger mover in the markets.
Here are the Trade setups:
Bull Scenario: Bitcoin breaks above the structural resistance we can see a push towards 30K.
Bear Scenario: Bitcoin break the 2020 Support zone pushing towards 10-12K to the next support zone (Long-Term Portfolio Buying Opportunity).
AUD/USD could fall!Hey tradomaniacs,
AUD/USD looks like it wants to fall due to the recent negative news from the USA and so the risk-off-mood in equities.
Technically a breakout, but so far a very extended re-test, so be carefully at the PoCs and HVNs as market could be choppy ahead the FOMC.
To be very sure, wait for market to break below the resistance-zone again.
Let`s see!