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Opusdtshort

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
Short
by trytofeelpositive
3
OPUSDT UpdateBINANCE:OPUSDT current situation is as follows: OP is currently in a neutral position. In my previous post, I correctly predicted a 40% growth and a 20% price drop for this currency. However, the price is now caught between strong support and resistance, and I don't want to take any trades in between. But where and when should we enter a short or long position? I'm waiting for one of these two scenarios to occur. Either the resistance line breaks with strength and the daily candle closes above the resistance level with a significant gap, and then I wait for a retest, or the same conditions occur for the support line. Apart from these two scenarios, I have no intention of entering a position because I don't want to get stuck in this range, and I want to catch the larger waves. ⚠️ "Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help." Don't forget to like and comment
by Madoir
Fleeting Optimism Long term I am bullish on Bitcoin and Cryptocurrency. Short term, I think we are likely to see a rapid sell off to around $16.6k. When setting this trade up, I considered a way to lower the risk and increase the return. Rather than using leverage directly on Bitcoin , an asset with solid fundamentals and the safe haven in a cryptocurrency rout. I have taken shorts on two other cryptocurrencies, that I have priced as over valued. 1) I believe Ethereum Classic (ETC) is currently overvalued, due to a recent rally spurred by Ethereum's (ETH) 2.0 network upgrade. ETC has been pumped with the sales pitch >> ETH miners will move to ETC, dragging over a significant portion of the ETH user base over. This is not likely in my opinion and therefore the rally is not supported with fundamentals. I foresee a sell off to the $18-20 range, a range in which I will close out my position. Current trade entry of $41.60. 2) The second short is Optimism (OP), a relatively new cryptocurrency that has been pumped from $0.50 to $2.30. Even considering it's retreat from $2.30 to $1.15, I see a further pullback to $0.80 likely, maybe $0.60 will see. Entry of position at $1.46. Best of look out there. RISK: Crypto might rally with the upcoming upgrades of both ETH and ADA.
BINANCE:OPUSDShort
by FortunaAlgoAnalytics
Op/USDT In Falling Wedge and Range [not so OP right now] Opusdt is in a Falling Wedge and in a range Opusdt broke the support now we can see resistance from the previous support and support from the previous resistance and all these in a range inside of the Falling Wedge Pattern After breakout we can see significant movement in opusdt If we breakout upside than we have Falling Wedge Pattern confirmation but If we breakout downside than we have Head&Shoulder Pattern Confirmation P.S.THIS IS NOT A FINANCIAL ADVICE
Short
by TrueUrBoss
OPUSDT: Deep decline could start right nowPreviously I have published an idea for OPUSDT. Now, I made adjustments to the current wave count. The price successfully overcame the uptrend line, forming an impulse in the assumed wave 1. At the moment, wave 2 is being formed, in which the most highly effective trades are opened (according to trading rules by Elliott Waves). I opened a short position and plan to increase the volume of the position at breakdown of the price minimum of wave 1. The target level for taking profit now at $0.1. The risk-to-profit ratio reaches 1:8. Best Regards, CEO Tornado Capital
Short
by HurricaneCapital
3