Optimism - Long setupI believe we will see another dip into ~1.3$ later this day/after weekly open. Obvious key level would be 2$ which would be our first target. Main target somewhere around 2.5-2.6 by end of august.
Stay safe!
OPUSDT.PS trade ideas
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.
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Cheers
GreenCrypto
OPUSDT 1D#OP has recovered quickly, and we are bullish on it. It has formed a falling wedge pattern on the daily chart and is heading toward testing the pattern’s resistance line. A 250% upward movement is expected if it breaks out above the pattern.
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 setup long and short for future trade As shown below, since three months ago, the ETHBTC reaction has been occurring and slowly taking control. This can be used on coins that are tied to ETH. Fundamentally excellent price for DCA, but I would like to show the chance to those who deal with future trade.
With the setup, it is great to find where our analyzes are no longer valid and we need to admit that we are not right. Optimism is one of the coins that correctly did 1,2,3 according to Elliot. Now the question is whether the 4th wave will manage to reach our order, but we must be disciplined because this analysis is canceled if the fourth wave reaches deep enough to the first, where the setup is no longer valid.
Why this setup gives us the possibility of long - here is daily fvg, 4h fvg, 2h fvg, fibonacci for retest as well as theoretical knowledge about Elliott waves
OPUSDTmy entry on this trade idea is taken from a point of interest BELOW an inducement.. I extended my stoploss area to cover for the whole swing as price can target the liquidity there before going as i anticipate.. just a trade idea, not financial advise
OP - LONG POSITIONIn the OP/USDT pair on the daily timeframe (Heikin-Ashi candles), we are anticipating a possible double bottom formation after a double top formation. According to the double bottom formation, it would be reasonable to take a long position with a 7% stop loss after the price reaches the 1.147 level. Our initial interim target level will be 1.94, which corresponds to the middle of the range, and our second main target level will be 3.028.
OP perp perfomance in last 8 months in 2024We have seen a sharp decline in altcoins recently. Including OP. Looking at the whole process, OP had finish a cycle up and down. What are the buying and selling points? With the S1-TM strategy, we had 77 closed orderss, with a net profit of ~121% (including commissions). This is quite acceptable for autotrade.
NOTE: This is my personal opinion on this strategy. This is not investment advice!!!. The market always has risks and opportunities. Please consider carefully before making any decision!
OPUSD Accumulation cyllinder.Hi everybody.
Noticed COINBASE:OPUSD chart and volume is fitting the accumulation cyllinder.
I opened some longs (spot) for the midterm.
Will also update this now and then
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.
Op to shortOP is forming a double top, which gives a potential Short call. It can be short from 1.86. Target price will be 1.5835. while stoploss will be 2.0130.
OPUSDT - Altcoin with GOOD UPSIDE Potential (Wyckoff)Using the Wyckoff Method has always been my go-to strategy when looking for buy's. The theory behind it is that basically the market goes up, down, sideways, and up again etc. You can dive into more detail by taking a look at volume and trendlines, but for today's analysis we'll keep it simple and focus on the good upside potential for OP.
The above clearly shows an excellent Elliot Wave Theory playout - 5 impulse waves up and the following three corrective waves - indicating the bottom is close.
The above is classic Wyckoff Method Theory together with the emotions at each phase. OP, according to the above, is very close to bottoming out - in other words, a great place for accumulation. During the previous phase, the price increased over 400% over the course of a few months. If you have the patience, it can be a great increase.
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BINANCE:OPUSDT
OP#op is framing rising Chanel , IF it break out down side , target remain $1.27
Good chance to short 🚨
Coin - op
Short - $1.81
SL- $1.91
Target -$1.27
#DYOR
#NFA
Optimism LookMonthly candle screams bullish momentum. We are still flirting with the flipping area. A close Above confirms trendi continuation towards ATH
#OP gonna ROCK....ET not REKTop as long as it holds the area of
0.88 -0.128
we gonna see Targets in green
2.7
4.5
6.9
invalidation
daily close below 0.88
manage your risk ,trade safe and follow me 😉
Long OP
OP is bouncing at the weekly support trendline.
Long setup is as in chart with target is at the resistance trendline.
Disclaimer:
This analysis is based on my personnal views and is not a financial advice. Risk is under your control.
$OP - SpotNASDAQ:OP bounced off the ascending support in weekly TF
Bullish📈
Please DYOR before take a position and make a decision.
