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OPUSDT

$OP - Ranging inside the Symmetrical TriangleHello my Fellow TraderZ, #Optimism $OP is looking on the 4 HTF. Price has been ranging inside the Symmetrical Triangle for 2 months and I'm soon expecting a breakout. I'm kind a bias towards #Bulls only if wee breakout of the Upper TL. But still if you wish to trade then $0.96-1.15 would be a good trading range for quick gains. Buy zone (yellow circle) is around EMA 50 & 200 and perhaps wee would see bullish cross. Happy Trading. CHEERS!!!
Long
by TRADER-GOKU
2
OPUSDT 4HOn the 4-hour chart, the OP is currently at the median of the Keltner channel, incursing towards the lower edge, we also see this symmetrical triangle pattern that is reaching an end point, where we expect the price to show an upward movement from from there. ApeCoin is the utility token for the Bored Ape Yacht Club (BAYC) community. ApeCoin launched its betting feature consisting of four betting pools, and APE holders wagered nearly $32 million in the first two days. Here are the supports and resistances: S: 0.898 / 0.864 R:0,964 / 0,987 / 1,014
Long
by ferulianov
1
OPUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. This is a 4-hour-time frame analysis for OPUSDT As we analyzed on November 15, we predicted a falling trend to happen and you see that after some days, the prediction came true and one of our targets is hit. There is R1 as our resistance area which contains the disability of the price to rise. S1 used to be another resistance area and S2 is the support line. Thus, we have the price fluctuating below R1 area and our expectation would be a decline in the coming days. Therefore, if we receive some falling signs, the short position of the chart is activated and the price faces a decline toward S1 or S2. But in case the price moves above R1 and fixes there, more rise is predicted there. 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 luck
Short
by MarsSignals
9
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 ..
OLong
by Lionheart-EWA
4
OPUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. This is a 4-hour-time frame analysis for OPUSDT Currently, we have R2 and R1 as our resistance areas which both contain the disability of the price to rise. S1 used to be another resistance area and S2 is a support line. Thus, we have the price fluctuating in R1 area and our expectation would be a rising or falling tend to happen. If the price gives us some confirmation candles to rise, an increase would be predicted up to R2 or even higher amounts. Or if we receive some falling signs, the price will experience a fall to lower amounts such as S1 or S2. Let's wait for our updates and see what happens. 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 luck
by MarsSignals
Optimism poised for a 75% draw downTLDR: Lots of well established TA suggests OP takes out the previous lows at 0.41. Analysis I am going to begin with the divergence primer just in case a reader is unfamilar with the divergences and what they mean. Divergence Primer Classic Divergence (Trend Reversal) Bearish: Higher highs on price action but lower highs on the indicator Bullish: Lower lows on price action but higher lows on the indicator Hidden (Trend Continuation) Bearish: Lower high on the price action and higher highs on the indicator Bullish: Higher low on the price action and a lower low on the indicator As the chart shews both OPUSD and OPBTC both have great deal of hidden bearish divergence on the Log MACD (and histogram) as well as the RSI and Stochastic RSI. The Gaussian channel is pretty powerful as support and resistance and generally speaking I get excited to buy beneath a red Gaussian channel or when I see price action powering its way through. Not so much with OP right now, with the hidden bearish divergences. I expect the top of the channel will continue as resistance. Likewise the 100 Daily Moving Average is right above price action and I assume it will continue to act as resistance as well. The volume situation doesn't look good to me either. With price breaking out above the Value Area of the VPVR to create all time highs and coming back in on both OPUSD and OPBTC I think we are going to see more typical behavior and the value area will act as resistance, especially on OPBTC. The On Balance Volume has set virtually equal highs with this current peak and the peak from September. That is a sign of bullish exhaustion. It is also concerning that both the 10 and 20 SMA are below the 100. If the OBV regresses to the mean (the 10 or the 20) then that dip would get me deep into the money. Not all the way to target, but deep enough I can have a fairly profitable stop loss. Here is a similar move on Matic over two years ago where Matic dupped and took out what looked like strong support at the 0 line before rallying up to just above the 0.618 retracement before crashing. From there it went 400x If OP has a similar run then I will be quite pleased. Also, if OP crashes down to about the 0.28c I will go in full accumulation mode and hopefully we will see it run in another year or so. Macro I still think a lot of the equities indices are mostly done with their downside. I also like a lot of the "OG" crypto currency coins like XMR, Dash, XPR, BCH and I think a lot of the nu-crypto coins that were the top runners of 2021 are going to crash at bit more before going into long consolidation. That is a lot of moving parts for me to hopefully get right.
Short
by This_Guhy
1