OP ready for correctionAfter some strong bullish moves now we have reached a strong resistance in multiple timeframes(Weekly, daily and 4H) as well as a measured move target for bulls to take profits and I expect at least TBTL (10 bars 2 legs) down from here. entry based on two major double tops as well as nested ones in shorter timeframes plus lower high major trend reversal setup!
NFA
OPUSD
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
Optimism (OP) formed bullish Gartley for upto 11% pumpHi dear friends, hope you are well and welcome to the new trade setup of Optimism (OP) with BTC pair.
On a 2-hr time frame, OP has formed a bullish Gartley pattern:
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
OPUSDT: Deep Price PlungeAn ABC upward correction pattern has been formed, for a downward wave A.
At the moment the price broke through the uptrend line and it is likely that the formation of the intermediate wave 1 will be completed soon.
I will sell the coin on the correction in wave 2, from where I will expect a deep price decline to the level of $0.1.
Overall, short pos has risk-to-profit characteristics of 1:5 at least.
Best Regards,
CEO Tornado Capital
OP/USDT BUYING SETUP (SWING)Buying #OP/USDT (SWING)
$OP big potential pullback , we can see after hit target down according fibonacci immadiately rejection and pullback. RSI oversold big buy volume on support. Give me one more
Buy zone : 0.88 - 0.77 - 0.7
Target : 0.999 - 1.129 - 1.285 - 1.446 - 1.618 - 2
Stop : 0.67
OP is Killer For Retail Investor Guys, do i wrong ? am not hate it about $OP but just Speak up with this.
Many People i seen on Twitter going rekt and got liquid on $OP.
all of them anthusiasm with new trend Layer 2 for scalability on Ethereum. somehow Dump and Dump coming to CEX and DEX.
it's a lesson with this tech behind Optimistic Rollup.
Purely not going make it in appereance.
OPTIMISM gain 💡📖🚀Hello 🐋
based on the fundamental sign and technical support level ✔️
if
the price do not break the support area here to the downside ✔️
we will see more gain and our targets are located on the chart 🚀📖
Please, feel free to share your point of view, write it in the comments below, thanks 🐋