OPUSDT is correcting to demand zone | Long BiasOn 4H TF
BINANCE:OPUSDT has a demand zone around 1.43
I think this zone is high profitability for trade
Just patient
Time will tell
OPUSDT
Optimism OP price at a critical pointThe OKX:OPUSDT price has reached a critical point.
🔼 Fixing the CRYPTOCAP:OP price above $1.60 can give it a rapid rise to $1.90
🔽 But sellers may try to keep the #OPUSD price in the downward trend and drop it once again to $1.40
But one way or another, in the medium term, the price of the #Optimism token will reach $1.90 and $2.30
_____________________
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#OP (SPOT) entry range( 0.13 - 0.17) T.(3.560) SL(1.271)BINANCE:OPUSDT
entry range ( 0.13 - 0.17)
Target1 (2.440)- Target2 (3.560)
1 Extra Target (optional) in chart, if you like to continue in the trade with making stoploss very high.
SL .1D close below (0.3832)
*** collect the coin slowly in the entry range ***
**** #Manta ,#OMNI, #DYM, #AI, #IO, #XAI , #ACE #NFP #RAD #WLD #ORDI #BLUR #SUI #Voxel #AEVO #VITE #APE #RDNT #FLUX #NMR #VANRY #TRB #HBAR #DGB #XEC #ERN #ALT #IO #ACA #HIVE #ASTR #ARDR #PIXEL #LTO #AERGO #SCRT #ATA #HOOK #FLOW #KSM #HFT #MINA #OP ****
#OP/USDT#OP
The price is moving in a descending channel on the 4-hour frame and it was broken upwards
We have a trend to stabilize above the moving average 100
We have an upward trend on the RSI indicator that supports the rise by breaking it upwards
We have a major support area in green at a price of 1.10
Entry price 1.30
First target 1.50
Second target 1.65
Third target 1.83
OPUSDT Ascending TriangleOPUSDT technical analysis update
OPUSDT has formed an ascending triangle pattern on the 4H chart. The price is now breaking the triangle's resistance, and after a small retest, we can expect a strong bullish move in OP.
Buy zone : Below $1.65
Stop loss : $1.48
Regards
Hexa
DreamAnalysis | OPUSDT Possibility of Breakout and First Bullish📚 Welcome to Your Usual Channel, DreamAnalysis!
✨ Today, we’ll be taking a look at one of Ethereum’s layer-2 projects, Optimism (OP), and see when we might consider buying during the bull run.
🛠️ About the Optimism (OP) Project :
Optimism is a Layer 2 solution for the Ethereum network, designed to improve scalability and reduce transaction costs using Optimistic Rollups. This platform allows developers to deploy decentralized applications (dApps) with higher speed and lower costs, while maintaining the security of the Ethereum main layer.
📊 Weekly Time Frame :
On the weekly time frame, we can observe that OP hasn't experienced a major bull run yet and doesn't have much historical data. After breaking the downward trendline and pulling back toward the 1.196 support, we saw a drop in bearish volume, and sellers lost strength. For some time, the price has been ranging between the 1.196 support and the 1.957 resistance, without any significant movement.
Enter after breaking the 1.957 resistance.
If you're currently in a loss, you could use DeFi and staking to break even or cash out your coins if the 1.196 support is broken.
💡 Daily Time Frame:
On the daily time frame, we had a strong downtrend, but during these bearish waves, fewer red candles were recorded, and we didn’t make lower lows compared to the previous waves. This indicates buyers are back in the market.
After breaking the long-term downtrend and touching resistance, the price pulled back and once again headed toward the 1.626 resistance with decent volume. If the resistance is broken, you can even enter for spot buys with a stop-loss around 1.446, due to the higher lows according to Dow Theory.
Volume increase , Break of the RSI resistance at 59.96, which will confirm the strength of the move.
📊 4-Hour Time Frame :
In the 4-hour time frame, we're in a long-term range box, where the buyers seem to have the upper hand. Last time, the price didn’t even drop to the bottom of the range; it bounced back from the middle and moved toward the resistance.
📈 Long Position:
After the 1.626 breakout, make sure to take a long position and follow the potential bullish trend.
📉 Short Position:
Currently, we don't have a clear short trigger, unless the resistance breaks fakely, which would be a fake breakout, or if the price drops below 1.395. Right now, opening a short position is quite difficult.
💬 This wraps up today’s analysis. If you found this helpful, feel free to share it with your friends and leave a comment with your thoughts or any other pairs or coins you’d like us to analyze.
📌 These analyses are merely our ideas based on a chart that doesn’t follow strict rules. Technical analysis is an art, and these insights are not financial advice.
OP ANALYSIS (4H)From where we placed the green arrow on the chart, it seems OP has entered a bullish phase.
The Boolean phase pattern looks like a diametric or triangle.
If the demand 1 range is lost, the pattern is confirmed to be a triangle, but if the price is rejected upwards, the pattern is diametric.
What seems certain now is a drop to the demand 1 range
The structure and movement path that we intend for OP is clear on the chart.
Closing a daily candle will invalidate the analysis level.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
OPUSDT had broken descending trend line | Long BiasOn day timeframe
BINANCE:OPUSDT had broken the descending trend line and closed above it so price can return to test to confirm for bullish
On 4H TF
The descending trend line turned into support now
I expect price return test 1.46
Wait and see
Breakout Alert: #OPUSDT has Broken Above the Falling WedgeYello, Paradisers! Are you ready to capitalize on the next big move in #OPUSDT? We've been laser-focused on #Optimism as it navigates a critical juncture, and it’s time to assess whether the bulls can take charge or not:
💎Currently, OPUSDT is showing promising signs of a bullish continuation from the bullish Order Block (OB) around $1.27. The falling wedge formation we've been tracking has broken to the upside, and momentum is building within this crucial demand area.
💎If this momentum persists, we could be on the brink of a strong bullish surge. But to confirm this bullish scenario, #OP must break above the minor resistance level at $2.02. We could witness a significant rally if this resistance is successfully breached, with the target set at the major resistance zone.
💎But don't let your guard down. If the momentum weakens and OPUSDT breaks below the bullish OB, we could see a dip toward the lower support zone between $1.06 and $1.15.
💎If the price continues to decline and we see a daily close below this area then it would invalidate the bullish outlook and might lead to further declines.
Stay focused, patient, and disciplined, Paradisers🥂
MyCryptoParadise
iFeel the success🌴
OPUSDTOP ~ 2D
#OP Buy after breaking the resistance of this descending pattern or buy at the demand zone. Target 20%++
OP target 6.451D time frame
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Entry: $1.4
TP: $6.45
SL: $0.9
RR: 10.1
-
(1) Broadening wedge on high time frame
(2) Successfully testing support zone of the wedge bottom now
(3) Target analyses from Fib extension and Time structure are overlapped at $6.45
(4) Need time to reach during bull major wave, spot is better
(5) Stop loss once going below $0.9
OP/USDT Trading ScenarioAfter reaching an all-time high of $4.866, the asset's price corrected by more than 78%, returning to a zone of interest for participants, as defined by the volume profile and the key POC level. According to Fibonacci levels, the current asset price is in a buying zone.
In this situation, based on indicator readings, it's possible to consider building a position in OP assets with the aim of holding and potential growth to at least the 0.5 Fibonacci level, corresponding to the price point of $2.61. There is also the possibility of further price movement with a new ATH.
OPUSDT - Swing Long IdeaIn Monday (start of the new week) price swept previous week low liquidity (orange line) and show willingness to go higher by breaking the 4H structure.
So the following week I would expect to see price trades higher, potentially even to opposing liquidity pool like previous week high (orange line)
Thanks you and have a nice trading week! LFG!
OP target 1.762 (short-term)2h time frame
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Entry: $1.38
TP: $1.762
SL: $1.29
RR: 4.24
-
(1) Potentially accumulate momentum to pump through two Fibs Projections
(2) Yellow path: Finished a Fibs projection from 0.382 to 1.414
(3) Blue path: Currently searching support around Fib 0.382, high possibility reach 1.272 if stop falling here
(4) Fib 1.618 of Yellow wave is overlapped with Fib 1.272 of Blue wave
(5) Stop loss once going below $1.29
OPUSDT Is critical Moment for OP – Will the Bulls Hold the Line?Yello, Paradisers! Are you prepared for what could be a pivotal move for #OPUSDT? Let's dive into analysis.
💎#OP has recently shown bullish momentum with a successful breakout. The price is currently testing the demand zone at $1.32, a critical level that needs to hold for the upward movement to continue toward the minor resistance at $1.98. A breakout above this zone is crucial for OP to reach our target at the strong resistance area.
💎However, if the price fails to rebound from the $1.32 support area and breaks down further, we could be in for a rough ride. In this scenario, the highest probability suggests a return to revisit the key support at $1.07—a level that hasn't been tested before and poses significant risk for OP. A bounce from here and a reclaim of the price above $1.32 is essential to secure a safe position and align with our bullish scenario.
💎The bullish outlook will be invalidated if OP’s daily candle closes below the key support at $1.07. This area represents the previous low, and a break here could lead to a new lower low, signaling a deeper dip.
Stay focused, patient, and disciplined, Paradisers.
MyCryptoParadise
iFeel the success🌴
OPUSDTOP ~ 1D
#OP Make purchases gradually after breaking through the resistance line of this descending pattern.
OPUSDThighly regarded l2 after unlock event and selloff..
think the total 3 mcap sees a resurge in september tbh
undervalued across the board out of the top 15 or so
OP - Excellent opportunity or will the support break ? BINANCE:OPUSDT (1W CHART) Technical Analysis Update
OP is currently trading at $1.764 and price has reached the bottom of the channel, OP has been trading inside the range and currently price has reached the bottom support line, in the past this support line held strongly multiple times and we are expecting the same this time. If the price bounces back then there is an opportunity for new ATH.
Entry level: $ 1.764
Stop Loss Level: $ 1.290
TakeProfit 1: $ 2.054
TakeProfit 2: $ 2.704
TakeProfit 3: $ 3.845
TakeProfit 4: $ 4.788
TakeProfit 5: $ 6.741
Max Leverage: 2x
Position Size: 1% of capital
Remember to set your stop loss.
Follow our TradingView account for more technical analysis updates. | Like, share, and comment your thoughts.
Cheers
GreenCrypto
Op Looks Bullish A Well-Known Project Op Recently Experienced A Correction Due To The Market Crash Caused By Middle East Tensions. However, It Is Now Recovering And Has Formed A Falling Wedge Pattern, Expecting Massive Bullish Wave Towards 5$ Incase Of Successful Breakout
OP is ready to shortttt. !!! Don't Follow me !!! OP can take the downtrend from the specified position, wait for it to reach the specified points and then take a short position.
!!! Don't Follow me !!!🔥
Optimism: Strategic Insight and Growth PotentialI gathered data from Coinbase in the Orderbook and marked significant limit orders placed before Optimism's price correction.
These are likely targets for Optimism's journey to the Moon ($12-$42).
May the force be with us.
OP/USDT Major trend. 07 2024Logarithm. Time Frame 1 week. After the listing there were 3 cyclical pumping of the “participation” phase. PR, hype, connection of the majority in mass media. The reversal occurred with a typical breakout in the secondary trend of a triangle (first pumping) or a wedge (second pumping). Now the third wedge is forming, the price is near the dynamic Gann support (reaction from it), but still in the range of the descending wedge pattern.
On a line chart (liquidity, no slippage) the declines are cyclical at -63% each time according to the algorithm. Each successive top +55% of the previous secondary trend.
It is quite possible that something similar will happen again this time (not necessarily), but only ideally after holding dynamic fan support and breaking wedge resistance. I have purposely shown only medium-term targets after a trend break.
Gann's trend fan is plotted on the chart, i.e. dynamic support/resistance areas for the future.
Optimism customization - L2's blockchain scaling solution ETH Crypto funds have invested a total of $267 million.
Secondary trend Time frame 3 days
OP/USDT Secondary trend. Wedge. Pivot zones. 27 07 2024OP/USDT Secondary trend. Wedge. Pivot zones. 27 07 2024
Logarithm. Time frame 3 days. A descending wedge is forming. The price is near the dynamic Gann support (reaction from it), but still in the range of the descending wedge pattern. The reaction in this resistance zone will determine the trend for the near future.
On the chart, I have specifically shown the minimum percentages of the two key reversal zones for the trend to local resistance levels, for the potential of option A and B.
Major trend.
OP/USDT Major trend. 07 2024 Time frame 1 week.
