OPUSD
OP Cup and Handle PatternHey traders, exciting news for all of you! OP is breaking out of a trendline and cup & handle pattern on the 1 hour timeframe. I recommend doing some research and practicing proper risk management before going long. Keep in mind, it's important to be cautious of any potential movements in BTC. Happy trading!
Optimism (OP)Optimism (OP) is a layer-two blockchain on top of Ethereum. Optimism benefits from the security of the Ethereum mainnet and helps scale the Ethereum ecosystem by using optimistic rollups. That means transactions are trustlessly recorded on Optimism but ultimately secured on Ethereum.
The trading volume of Optimism (OP) is $576,616,329 in the last 24 hours, representing a 16.76% increase from one day ago and signaling a recent rise in market activity.
The highest price paid for Optimism (OP) is $2.50, which was recorded on Jan 25, 2023 (19 hours). Comparatively, the current price is -12.6% lower than the all-time high price.
The lowest price paid for Optimism (OP) is $0.402159, which was recorded on Jun 18, 2022 (7 months). Comparatively, the current price is 442.7% higher than the all-time low price.
The newly formed Optimism ecosystemHello?
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a nice day.
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(OPUSDT 1W Chart)
Not long after the chart was created, not much is known.
It can be seen that a volume profile section is formed over the 0.919-1.129 section in the short, medium and long term.
(1D chart)
The current declared price (ATH) has been updated.
Buying under these circumstances is unthinkable.
Therefore, it is better to wait and see if the price moves down from this rise and converges in some area.
It is necessary to check whether it is supported in the 1.917.-2.024 section formed by the HA-High indicator point, or in the 1.583-1.660 section.
We need to make sure that the newly formed Optimism ecosystem can continue to expand.
Therefore, it is necessary to increase the number of coins (tokens) corresponding to profits while recovering the principal amount of the newly formed coins in the coin ecosystem as much as possible.
Otherwise, it is highly likely that you will suffer greatly if you proceed with the transaction by leaving the principal amount as it is.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator includes indicators that indicate points of support and resistance.
** Check the formulas for the MS-Signal, HA-Low, and HA-High indicators at ().
** HA SRRC indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor).
** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.)
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OPUSD one last High left. Next opportunity upon a pull-back.Optimism (OPUSD) broke above its All Time High Resistance of 2.32500 as well as the 2.0 Fibonacci level of the Channel Up that is being formed. Since the Resistance broke, the Channel Up has the technical capability to make a Higher High on the next available Fib at 2.5. The increasingly overbought levels don't render it a buy opportunity beyond that level.
Best strategy involves entering on the next pull-back wave. Potential targets the cluster of the (green) Support Zone, the 1D MA50 (blue trend-line) and the RSI Buy Zone. The upside potential is enormous on this gem and our long-term target is 3.400.
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OPUSDT - Buy Setup!!OPUSDT (4h Chart) Technical analysis
OPUSDT (4h Chart) Currently trading at $0.95
Buy level: Above $0.95
Stop loss: Below $0.88
TP1: $0.98
TP2: $1
TP3: $1.12
TP4: $1.2
Max Leverage 3x
Always keep Stop loss
Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
OP CAN DROP AGAINI hope you are fine
We have a swap zone. I think the price is pulling back to this area. After pullback, we can look for short positions. In the higher time frame, we are in a diametric, which I think we are at the top of the falling wave e
Comment if you have any questions
Thank You
OPUSDT 1H TIME FRAME IDEAHELLO GUYS THIS MY IDEA 💡ABOUT OPUSDT is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the buyers from this area will be defend this LONG position..
and when the price come back to this area, strong buyers will be push up the market again..
UP TREND + Resistance from the past + Strong volume area is my mainly reason for this long trade..
IF you like my work please like and follow thanks
OPUSD ❕ bearish divergenceOP trades near liquidity levels.
Price and RSI chart have formed a bearish divergence (4H, 1H and 30m TFs)
TD Sequential has formed a reversal signal downwards (4H TF)
RSI returned to the sellers area (1H and 30m TFs)
I expect further price declines if the asset fixes below the support level.
Optimism (OP) formed bullish BAT | A good buy opportunityHi dear friends, hope you are well and welcome to the new trade setup of Optimism (OP) with US Dollar pair.
Previously we priceline of OP moved slightly down than PRZ level, however, then pumped well.
Now on a 2-hr time frame, OP has formed a bullish BAT 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
OP SCLAP SHORT SETUPHello, dear traders. how are you ? Today we have a setup to SELL/SHORT 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
Optimism OP - New Poop Coin Going BullOptimism heard about the ETH rush and wants to piggy-back.
By looking at it, it has potential.
Nice project, however, I am not so keen on these newly grown "mushrooms" right after the rain.
But, you asked.. so, I deliver.
Levels of Interest: $0.5 , $0.35 , $0.1 .
Optimism OP ( OPUSDT , OPUSD , OPBUSD ) Tech. Analysis:
* A-B-C Elliott Wave Correction
* Harmonic Pattern: AB=CD
* 88.6% Fibonacci Retracement
* 61.8% Fibonacci Extension
* Bullish Divergence
* Descending Wedge or Ending Diagonal
Thanks for HODLing ..
OPUSDTPOP price action has played within a descending channel for 115 days now. Twice has it tried to break out of it to the upside, with failure as sellers promptly send price crashing to the floor of the channel the 1st time, and an adjacent support trendline the second time. However, there have been 2 wicked breakouts to the downside, suggesting a demand liquidity pool that has been induced but not mitigated just yet.
With BTC likely to test the 15k and 14ks to tap demand liquidity, I expect OP to drop in for a liquidity tap as well, buoyed by the support right there (so pA does't fall off), and then a subsequent retest of the strong resistance at $1.4.
My money is on bulls flipping that resistance to support this 3rd time of asking, for price to go on to test the $2.2 ATH region and likely, price discovery.