OPUSDT
When Head Shoulders is done then Bullish | Long BiasOn 1h TF
OP closed below 2.227 that confirm to Head Shoulders Pattern with target around 1.93
But OP is supported by Ascending Trend Line so we have a good zone to buy around 2.1 first then 1.93 if OP still down more.
Wait for rejection and signal for Bullish come back
Coins that are expanding the coin ecosystemHello traders!
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The altcoins that I am thinking of that are expanding the coin ecosystem are as follows.
BNB, XRP, ADA, SOL, DOT, TRX, AVAX, MATIC, NEAR, ATOM, ALGO, KLAY, FTM, LINK, OP, WEMIX
Since BTC and ETH are long-term investment coins, it is always best to have a large amount of them.
BNB Coin is also a mid-term investment coin, but it has the disadvantage of being an exchange coin, so I think it is difficult to be a long-term investment coin like BTC and ETH.
Therefore, please refer to the information explained below.
Coins (tokens) that are expanding the coin ecosystem can be traded in the mid- to long-term in the direction of increasing the number of coins (tokens) corresponding to profits, if possible.
In particular, I think that XRP, ADA, TRX, KLAY, OP, and WEMIX coins should focus on increasing the number of coins for profit.
The reason is that each coin contains definite drawbacks.
(OPUSDT chart)
The key is whether the price can be maintained by rising above 2.289.
(1D chart)
To do so, the key is whether it can rise above the 2.125-2.176 range.
If not, and it falls, you should check for support around 1.926.
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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 (Optimism): Surging High in the Ethereum Layer-2 ArenaHello Crypto Enthusiasts! 👋 The FXProfessor here, spotlighting the impressive surge of OP, Optimism's native token. Let's dive into the factors driving this remarkable growth and its potential impact on the Ethereum ecosystem.
Recent Price Surge:
🚀 OP experienced a jaw-dropping 25% rise in just 24 hours, reaching a high of $2.13, marking its highest trading level for the year (u.today).
📊 This surge is part of a broader 40% monthly upswing, fueled by a series of ecosystem updates and enhancements in Optimism's technology stack (u.today).
Kraken's Influence:
💹 Kraken's introduction of Tether (USDT) deposits and withdrawals on Optimism played a significant role in propelling OP to an 8-month high of $2.188, signaling a market confidence boost (nulltx.com).
🌉 This development enhances the utility and accessibility of the Optimism network, promoting wider adoption and improved decentralized transaction capabilities (nulltx.com).
Optimism's Technological Advancements:
🛠️ As a Layer-2 scaling solution for Ethereum, Optimism leverages optimistic rollups technology to enhance transaction throughput and reduce fees on the Ethereum mainnet (nulltx.com).
✅ The recent governance vote passed the first post-Bedrock network upgrade, "Canyon," reflecting Optimism's commitment to continuous improvement and innovation (u.today).
🌍 OP token holders enjoy the privilege of participating in protocol decisions, shaping the future of this growing ecosystem (nulltx.com).
FXProfessor's Insight:
🌐 Optimism's strategic advancements and community-driven approach showcase its potential to revolutionize Layer-2 scaling solutions on Ethereum.
🔍 The sustained growth and recent surge in OP's value reflect the positive sentiment and trust in Optimism's capabilities and future prospects.
Trade with foresight, embrace technological advancements, and let's witness the evolution of Optimism in the Ethereum Layer-2 space!
One Love,
The FXProfessor 💙
Links: nulltx.com
u.today
🔥OP Bulls Try to Return The Price Inside The ChannelOptimism fell by -72% from the highs as many other altcoins did. Now it's consolidating below the channel bottom and the close inside the channel will be a bullish signal.
BTW The closest HUGE support is at $0.9-0.93, if the price will not close inside the channel.
💥The targets are on chart.
like❤️ and follow
Check the links and get a BONUS🎁 from me👇
OPUSDT - OPTIMISM IdeaHey Traders.. No Comment!!
BINANCE:OPUSDT
⚠️ Disclaimer: The viewpoints shared represent my individual outlook on the market, based on publicly accessible information and historical data. While a portion of these opinions is influenced by my actual trades, others are not. It's important to note that I am not a financial advisor, and I do not assume any responsibility for the decisions you make in your trading activities.
✅ Feel free to share your inquiries or suggestions in the comments. I am more than willing to assess and analyze any cryptocurrency, forex currency pair, or stock index that piques your interest, so, Please don't hesitate to ask or mention the specific currency chart you'd like me to review.
OP/USDT It required break the pattern to continue Upward!💎 OP has unquestionably captured significant market attention. Presently, OP is contending with the resistance trendline of the descending channel, necessitating a breakthrough to sustain its upward trajectory. The preceding upward movement in OP, following the breakout from the supply area and subsequent retesting phase, exemplifies its impressive performance. However, a failure to breach the descending channel in the near future could prompt a downward movement for OP, retracing to test the demand area at $1.51.
💎 Conversely, if OP successfully breaks out of the pattern without the need for retesting, a notable upward movement is anticipated. This could probability facilitate an effortless reach to our target supply area.
💎 should OP, during the retesting phase at the demand area, falter in maintaining its position and breach the demand zone, a confirmed downward momentum is likely. Consequently, OP could retreat to the subsequent lower demand area and even descend to a robust support zone.
OPUSDT Elliott Waves AnalysisHello friends.
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Everything on the chart.
Target zone: 2.1 - 2.2
after first target reached move ur stop to breakeven
Stop: (depending of ur risk). ALWAYS follow ur RM .
risk is justified
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions
OP target 2.414h time frame
-
OP created a double bottom and retested with a triangle structure. OP is still consolidating in this triangle, which could be a potential continuation structure and help us to set up a trading plan. Target will be estimated from double bottom and the triangle.
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TP: 2.41
SL: 1.523
OPUSDT -EPIC ALTseason LONG SETUP +230%Hi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
This time of the market is THE BEST time to fill up those bags and accumulate. I have been looking at altcoins that are currently trading underneath their first ATH. These alts make excellent trades in terms of low risk and high reward setups. (Check out our page for the other alts).
In today's analysis, another sleeping giant to keep your eye on - OPUSDT. I am extremely bullish on these alts as they have great upside potential for the next bull cycle.
Remember to hit 👍 and follow if you love money !
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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 🌿🌿🌿
longing to flyThis currency is placed in a support range and the possibility of a growth up to the resistance range is not far from expected.
In the daily time, a corner pattern has been formed for this currency, but it has not yet been completed. If it is completed, we can have a safe entry.
The support and resistance ranges for this currency are clear in the chart. For friends who are risk takers, we have considered a long position that they can enter into the transaction accordingly.
Optimism(OP) looks pesstimistic Hello, Skyrex friends!
While Bitcoin is trying to follow our scenario, it's time to consider altcoins. Optimism looks worse than other altcoins and it can go much lower under the trendline.
Elliott waves analsys shows us that wave 4 could be already finished. Of current candle will be closed as a bearish reversal, it is gonna enhance our bearish outlook.
🚀Follow us and never miss update
SasanSeifi 💁♂ OP ⏩ 1.70$ / 1.90$In the medium term, the expectation we can have is that the price may be able to grow towards the range of 1.70 to 1.90. 📈🚀The important support ranges are at 1.40 and 1.30.
🟢 Keep in mind that these are just scenarios, and it's important to conduct your own analysis and consider other factors before making any trading decisions 😊📈📉
❌ (DYOR)
⭕Of course, if you have any more inquiries or require further clarification, don't hesitate to reach out. I'm here to assist you!
🔹If you found this analysis helpful, please show your support by liking and commenting. Thank you! 🚀😊 🙌
OP: Falling Wedge BreakoutTrade setup : Bullish breakout from Falling Wedge pattern, which was confirmed with break above $1.50 resistance and 200-day moving average, and signals a bullish trend reversal to an Uptrend. Price could revisit $1.80 resistance next. This Layer-2 protocol has benefited from the launch of Worldcoin (WLD) and Base layer-2 network, which are based on Optimism protocol.
Patterns : Falling Wedge Usually results in a bullish breakout. When price breaks the upper trend line the price is expected to trend higher. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout and then place a BUY order.
Trend : Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis.
Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance : Nearest Support Zone is $1.20, then $0.90. The nearest Resistance Zone is $1.50, which it broke, then $1.80
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.
Comment if you have any questions
Thank You
The key is whether it can rise beyond the box range of 1.231-1.4Hello?
Hello traders!
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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.
-------------------------------------------------- -------------------------------------------
** 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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