OPUSD
OP/USDT: Waiting for breakoutBINANCE:OPUSDT has broken out of its major resistance and is currently waiting for another resistance breakout. We can expect this breakout to happen within the next 2-6 days. 📈 This breakout is crucial for our LONG trade entry.
Our trade setup is planned for a LONG entry after a confirmed breakout.
Entry Price: 2.0 - 2.1
StopLoss: 1.7
Target Prices:
TP1: 2.25
TP2: 2.5
TP3: 2.8
TP4: 3.2
Wait for our confirmation before entering the trade. Please like and share your thoughts in the comments. It keeps us motivated to share more trade ideas.
Cheers,
GreenCrypto 🌿🌿🌿
OP can go higherAfter a little modification, the OP symbol can rise from the new demand range to the new drawn supply
By touching the green box of the previous analysis (which is the lower green box,), we reached the announced resistance, but the resistance was cleared.
This is an update to the analysis linked in the relevant section
Hi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the ICP symbol.
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The key is whether it can rise beyond the box range of 1.231-1.4Hello?
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(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.
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- 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.
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** 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.
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OP is caught in a falling patternBy examining the pattern of the OP symbol on the chart and examining the waves, we can understand that the OP is forming a large falling triangle.
Triangles have five waves, and now we are in the fourth wave, the D wave, which has become a diametric diamond.
This scenario is expected to follow.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
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.
Buying Optimism - Target 1.58Traders,
Optimism with the triangle breakout and retest is a solid entry rn. Additionally, there is some hidden bullish divergence occurring on the RSI!
Entry = 1.34
Target = 1.58
SL = 1.25
r/r = 3
Not fin advice. Just showing you all what I am currently playing.
Best,
Stew
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.
1.828-2.045 is the support and resistance rangehello?
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(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.
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** 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.
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Optimism OP price responds well to the work of the teamToday, let's take a look at the OPUSDT price chart
Given that the previous idea worked out well with a 30% increase, we can try to "guess" again)
By the way, in the previous idea, we described the main upgrade features implemented by the Optimism team.
Today, the next Optimism (OP) network upgrade will take place, the main task of which will be to reduce the average transaction inclusion delay from 2-4 seconds to 0-2 seconds.
Also, today we announced a "fresh indicator" U.S. CPI (YoY): 3.0% (forecast 3.1%, previous value 4.0%)
So all the fundamental conditions for growth are in place, now it's up to the market)
Let's assume that the next target for the OPUSDT price will be a breakout of $1.50 and continued growth to $1.75
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Next period of volatility : around August 2-12Hello?
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
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(OPUSDT chart)
Around 1.660, the M-Signal indicator on the 1W chart and the 150 EMA are passing.
So, the question is whether it can sustain the price by moving above 1.660.
Looking at the 1W chart, we can see that it is out of a downtrend.
So, if the price holds above 1.442, I expect it to rise.
Looking at the big picture, you can see that there are three support and resistance zones.
If it rises above 1.660, you should check whether it finds support or resistance in the 1.828-2.045 area.
The next period of volatility is expected to start around August 2nd.
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** 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.
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OPUSD: Channel Up to test the 2 month Resistance.OPUSD is on a stellar rise within a Channel Up that is supported by the 1D MA50 and very balanced bullish technicals on the 1D timeframe (RSI = 63.931, MACD = 0.054, ADX = 31.710). The 1D MACD shows significant upside potential and we will take this opportunity to buy and target the LH trendline (TP = 1.8000).
The Resistance Zone is between R1 (1.87500) and the 1D MA200. If the price closes over the 1D MA200 we will buy the breakout and target the 0.786 Fibonacci level, just under R2 (TP = 2.79500).
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OPUSDT UpdateBINANCE:OPUSDT current situation is as follows:
OP is currently in a neutral position. In my previous post, I correctly predicted a 40% growth and a 20% price drop for this currency. However, the price is now caught between strong support and resistance, and I don't want to take any trades in between.
But where and when should we enter a short or long position?
I'm waiting for one of these two scenarios to occur. Either the resistance line breaks with strength and the daily candle closes above the resistance level with a significant gap, and then I wait for a retest, or the same conditions occur for the support line.
Apart from these two scenarios, I have no intention of entering a position because I don't want to get stuck in this range, and I want to catch the larger waves.
⚠️ "Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help."
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OP LOOKS BULLISHHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the OP symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You