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OPUSDT

OPUSDTHello there, *Mars Signals Team wishes you high profits* This is a 4-hour-time frame analysis for OPUSDT In this chart, R2 and R1 are our resistance areas in which the unsuccessful triumphs of price is clearly seen. And finally at the bottom of the chart, we have S1 which is the long-term support line and contains the support of price at different points since the past. The price past trend illustrates its well support at two points at S1 and after each support, it faced more rise to higher amounts including R1 and R2. The existence of a head and shoulders pattern means that the price formed the head part of the pattern when it was rejected at R2 and now it is moving over S1 again. Hence, the price is fluctuating at this point and experience a rise up to the resistance areas. These will be the good points for saving your profits. Or if possibly the price is believed to be supported again and by rising toward R1 falling for another time, we expect the right shoulder of the pattern to be completed. But in case the price falls below the support area, then more decline happens to it. Even by more fluctuation and support above R1 area, more rise is waiting for the price. Note that it is recommended to wait for some confirmation candles and make sure of your next action in trading. In case you are interested in experiencing profitable trades and wise actions in your analyses, we have several points and tips in our updates. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you success
by MarsSignals
8
OP is ready to jump over 3$This coin needed to pullback into these areas to gain momentum to start a rally over 3$. As I said a few days ago, symmetrical triangle pattern has been completed, and now the price has been accomplished a pullback to upper edge of mentioned pattern, and now everything is ready to start a move to 3.28$. If we want to do a more detailed investigation, we should use Fib RET tool, according to Fib RET in 4H TF, 0.618 level played a supporting role well, and caused a price reversal. Now we should wait for a bounce from here. This is not a financial advice, this is just my idea👊🏿 Good luck, be profitable👊🏿
Long
by HrSs7
OP/USDT 0.786 Retracement Target 4.1 Based on my analysis, it appears that there is a breakout of OP Optimism, which has seen it shoot up and retrace 0.786. This particular retracement level is known to be a significant area for altcoin retracements. I have observed that OP has managed to hold above turning resistance, thereby transforming it into support. While there may be some resistance at 2.9 and 3.1, I believe that it will ultimately break out cleanly, leading to a surge towards 4.1. To conduct this analysis, I have used a range of technical indicators including Fibonacci retracement levels, fixed area volume, anchored Vvap, and horizontal supports. With a leverage of 5X, my position was opened at 2.1 and closed at 2.8 before being reopened at 2.6, which corresponds to the 0.786 retracement level. Based on my analysis, I have identified three take-profit levels, with the first target set at 3.1, followed by 3.5 and 4.2 respectively. I will continue to monitor the market closely, and once OP reaches the 4.1 level, I will conduct further analysis to determine the best course of action. Leverage 5 X Position open 2.1 Closed 2.8 reopened at 2.6 (0.786) TP 1 3.1 TP 2 3.5 TP 4.2
by Crypto_Raheel
optimism 8h accumulation best level buy/hold 300% gains🔸Hello guys, today let's review 8hour price chart for OPUSD. nice gains recently off the range lows, also trading near ATH, which is also bullish catalyst for future gains. Short-term more gains possible to re-test premium levels, however also expecting a pullback, since accumulation is not complete yet and we are not ready for take off. 🔸Active trading range is defined by range lows at 2.15 usd and range highs at 2.85 usd. Premium prices / resistances / supports set at 3.00 usd / 3.25 usd and 1.90 / 2.00 usd. 🔸Recommended strategy bulls: the overall outlook is bullish and we are in the active accumulation stage since February, however good things take time. Expecting pullback later after we hit strong overhead resistances near range highs. Don't get caught up in pullback and be ready to buy/hold low later near 2.00 USD in May/June 2023. Conservative target for the bulls is 6.00 USD, which is 300% gains off the range lows. good luck traders! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
BINANCE:OPUSDLong
by ProjectSyndicate
34
OP is trying to break its resistance👁️👁️Hello traders🖐🏿 OP is trying to break its resistance in 2.4$. I think it can be accomplish this time, if this break happen, price grows to 2.64$, that is a key resistance, because 2.64$ is level of upper edge off symmetrical triangle that formed in last weeks. The break of 2.64$ will start a bullrun till 4.2$ as a new ATH. Now the momentum of price movement is very good, and its a good sign to break the resistance. In another hand we should keep our eyes to ETH chart, if ETH can break 2000$, the road to 4.2$ is clear. Its not a financial advice, its just my idea. Good luck👊🏿
Long
by HrSs7
OP Looking for a Bullish BreakoutOP has consolidated since January and held price levels above the $2.00 price range. The following factors present the bullish case presented in the measured move: - Falling Price with falling volume suggests a lack of bearish momentum - Inverted Head and Shoulder pattern is one of the highest probability structures in trading with around a 90% success rate. Measured move is around the $3.50 range - Falling wedge pattern has consolidated price nicely and signals for a bullish continuance. Measured move is $4.61 - Hidden Bullish Continuation divergence suggests the long time frame bullish trend is likely to continue. - Weekly Stoch RSI has reset below 20 with price remaining high suggesting another move up is likely - 3D Stoch RSI is pointing upwards. Likely to break downward trendline (Bullish) this week or early next week. - Several bounces off 50% Fib level suggest strong support levels Overall set-up for a 5x long with a price target of $4.61 suggests an upside of 481.7% and a stop loss around $1.975. Risk to reward of 6.11 on a high probability set-up.
Long
by Abrookes97