OP target 2.414h time frame
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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
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.
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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?
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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.
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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 is caught in a falling patternBy examining the pattern of the OP symbol on the chart and examining the waves, we can understand that the OP is forming a large falling triangle.
Triangles have five waves, and now we are in the fourth wave, the D wave, which has become a diametric diamond.
This scenario is expected to follow.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
OPUSDT Elliott Waves AnalysisHello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
Entry: market and higher
Target/ Reversal zone: 0.8 - 0.6
after first target reached move ur stop to breakeven
Stop: (depending of ur risk). ALWAYS follow ur RM .
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions
Be patient, dawn is nearThis currency has a falling trend in daily time and recently we saw the fall of this currency after encountering a downward trend.
But on the other hand, in the last 100 days, it has not had a floor lower than the previous one, so there is hope for growth in this currency.
As you can see, the support and resistance ranges for this currency have been determined and the possibility of growth for this currency is stronger.
Therefore, as long as it is above the support range that we have identified, I consider the growth stronger.
If you want to introduce your currencies so that I can analyze them for you, I will be happy to share my opinion about your currencies and exchange ideas.
Also, I will be happy if you follow me and I will get energy to continue.
Buying Optimism - Target 1.58Traders,
Optimism with the triangle breakout and retest is a solid entry rn. Additionally, there is some hidden bullish divergence occurring on the RSI!
Entry = 1.34
Target = 1.58
SL = 1.25
r/r = 3
Not fin advice. Just showing you all what I am currently playing.
Best,
Stew
OP/USDT is Gearing Up for Remarkable Shift? Op today analysis🚀💎 Paradisers! Brace yourselves as we've spotted #OPUSDT positioning itself for a spectacular move! It's currently navigating through a descending channel, setting the stage for a potential upward breakout.
💎 A few days ago, our observations pinpointed that after testing the bearish OB, NASDAQ:OP initiated a substantial downward trajectory. After securing liquidity below, it seems to be reinstating its upward momentum.
💎 Presently, it’s maneuvering within a descending channel, and the VRVP is revealing significant volume. This is a strong indication that the price is likely on the brink of embarking on a bullish journey from this point. However, do keep in mind, a breakdown of support could trigger a downward movement.
💎 If trading is on your mind, remember to set a proper stop loss and tread with caution and wisdom!
Stay informed and navigate the crypto waves with precision and insight! 🌴
OPUSDTOPUSDT is trading in descending channel and printing consistent LLs LHs. Recently the price is broken the important support zone and now the retest of the broken level is highly possible, which is also the Fib retracement level.
If the sell momentum continues the next target could be 1.210 region.
What you guys think of this idea.