OP could drop until 0.5 $ i think OP could drop until 0.5 $ and mybe more
be carefull with this coin
OPUSDT.PS trade ideas
OPUSDT.P4H and 1H both are in up trend, making good opportunity for long on specified points
it would be my pleasure to hear your idea about the analyzation
OPUSDT: Bullish Trend (Falling Weidge)OPUSDT.P is forming Falling wedge with Bullish Dervergence, and also break the falling wedge, so we can take a new long entry on market price and also wait to the break of the entry point to confirmation of the Bullish Trend and take a new Long Entry.
OP is BULLISH -Three Drives Pattern and 0.5 Fibonacci Level OP Token (OP) is currently trading near the upper boundary of an accumulation range, signaling a potential bullish breakout. The repeated bounce off the lower levels, combined with three instances of retesting and reactions from the 0.5 Fibonacci level, presents a compelling technical scenario.
🔄 Accumulation Range Breakout:
The fact that OP is trading near the upper boundary of the accumulation range suggests a willingness to break out to the upside. This zone often acts as a point of accumulation before a potential upward move. The series of retests and reactions at the lower levels indicate strong buying interest, reinforcing the notion of an impending breakout.
📉 Three Drives Pattern:
The presence of a three drives pattern adds further strength to the bullish thesis. This pattern typically signifies a strong trend reversal, with three distinct drives to the downside followed by a breakout to the upside. The three successful retests at the lower levels align with the characteristics of the three drives pattern, enhancing its significance.
🔍 0.5 Fibonacci Level Reaction:
The reactions observed at the 0.5 Fibonacci retracement level provide an additional layer of confluence. This level is widely recognized as a key retracement level, and the fact that OP has shown reactions here reinforces its importance as a potential support level.
🚀 Bullish Combination:
The combination of the three drives pattern, repeated successful retests, and reactions at the 0.5 Fibonacci level creates a bullish confluence. This suggests a strong potential for an upward breakout, with the market exhibiting characteristics indicative of a trend reversal and a shift in sentiment.
💡 Trading Strategy:
Traders considering OP should monitor the upper boundary of the accumulation range for a potential breakout. Confirmation of a sustained move above this level, accompanied by increased trading volume, would strengthen the bullish case. Setting stop-loss orders below key support levels can help manage risk in case of unexpected market developments.
🔮 Future Outlook:
The technical analysis of OP Token indicates a favorable setup for potential upward momentum. However, traders should remain vigilant and adapt their strategies based on real-time market data. The successful breakout above the accumulation range's upper boundary could pave the way for a significant bullish trend, but risk management remains crucial in navigating the dynamic nature of cryptocurrency markets.
OP inteligentassetFollowing a preliminary review, the M pattern has hit the road
bullish scenario
resistance 3 in 50 ema, 3.1 upper limit channel, 3.9
bearish scenario
supports 2.7, 2.1 M pattern
target & 200 ema
OP LOOKS BEARISH (2D TF)First, pay attention to the time frame. The time frame is large.
It seems that we have a diametric on the chart that the E wave of this diametric is ending.
We expect to drop to the green range to complete the F wave.
Closing a weekly candle above the red level will violate the analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
OP Possible Double Top OP Possible Double Top Pattern. If we break down neck line then I will Enter short
OP Possible Double TopOP Possible Double Top Pattern.
If we break down neck line then I will Enter short
OpUSDTDespite the momentum change we might be experiencing or expecting for the bulls to take over, I'm still very much bearish on op for now.
Theirs a double top pattern in the daily timeframes and still very low volume to start correcting just yet, and still lots of order below to fill.
OPUSDT Support retestAfter having a double top, we seem to have found a nice order block. Low TF confirmation (5/15M) to see (down)trend reversal would be my go to. 4H timeframe confirmation would be to break out above order block.
OP Order Block Long Setup / Top down analysis Price is at HTF Key support area where price forms a run of the lows and an h1 MSB OB Setup, expecting a retracement at 50% or the OTE Zone, longing with 2R stop at the swing low.
This setup has a winrate of 49% from my Trading system and i do not guarantee this setup will work, always implement Proper Risk Management in your entries.
Sell OPOP potential Wyckoff Distribution with UTAD (1.618).
Price congested from 22 December 2023, and stay in range ($3-4.1).
Setup for catching top (UTAD)
-for safety and confirmation, u can look on 1h-15m chart when price hit 4.3-4.37 with reversal pattern-
Stoploss 4.7294
Entry 4.3771
Checkpoint/Reduce stake 3.162
Take Profit (All) 2.105
OPUSDTThis is my approach to op chart !
we have a Choch in Ltf and the best POI for long trades is IFVG.
#TOBTC #LQR #OP in these time frame Op just break down a dynamic trend line , for now these 0.382 fibo level are imprtant to watch
break down this will lead the prce to 61.8 fibonacci levles
allways DYOR!
OPUSDT: Bullish Trend (Falling Weidge)OPUSDT.P is forming Falling wedge with Bullish Dervergence, So we wait for the break out of the privious LHs to confirmation of the Bullish Trend and take a new Long Entry.
OPUSDT AnalysisToday, I'd like to provide a detailed analysis of the OP/USDT perpetual contract on the Binance exchange, shedding light on the current market conditions and potential risks.
Current Price Overview:
As of the latest data, the OP/USDT price stands at approximately $3.74, showing an uptick from its recent low of $2.50 earlier this week. This upward movement has sparked interest and optimism among traders, contributing to a bullish sentiment in the market.
Technical Analysis:
The price chart reveals a notable bullish trend characterized by higher highs and higher lows, suggesting increased buying activity. The Relative Strength Index (RSI), an important momentum indicator, is above the 50 mark, indicating that the bulls currently have control.
Concerns and Considerations:
While the chart suggests a bullish trend, it is essential to exercise caution due to a few key considerations. The volume accompanying this recent rally is relatively low. Low volume during an uptrend can be a cause for concern as it may indicate a lack of strong buying support.
Key Points to Note:
Bullish Trend: The price chart indicates a bullish trend, with higher highs and higher lows.
RSI Above 50: The RSI is currently above 50, signaling a prevailing bullish sentiment.
Low Volume: The low trading volume raises concerns about the sustainability of the recent price increase.
op InteligentAssetbullish scenario
resistance 3.9
bearish scenario
supports 3 in 50 ema &
upper limit channel, 2.7, 2.1 M pattern
target & 200 ema
$OP (L2s Space) Retesting Previous All Time HighThe NASDAQ:OP token is the native cryptocurrency of the Optimism network. Optimism is a Layer 2 scaling solution for Ethereum that aims to increase the scalability and reduce the costs of transactions on the Ethereum network.
OPUSDTOPUSDT is in strong bearish trend and also form bearish flag pattern. Recently the instrument has break through important support zone.
Now the price is trading within the bearish flag and seems like it getting ready to break it.
Will the sellers took benefits from these bearish confluences?
OP long ideamy main area of interest on op, invalidated if we start closing below that 2d(t) poc. will look to ride this into kingdom come if we can see a reversal on btc without sucking the life out of most alts.
buy by R/1 (OP)📊Analysis by AhmadArz:
Trade in low level of renge.
🔍Entry: 3.747
🛑Stop Loss: 3.644
🎯Take Profit: 3.851
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