OP USDTit looks bearish, It went up 5 waves and then we see that theres a bearish DV between Y and Z after this started to correct and I think it will be five waves, if we break the last x LH at level 0.618 Fib 2.6$ We're going to visit $1.9.
OPUSDT.PS trade ideas
OP will be very OPBut before that, we need to see how MM will reset things before sun rise.
Now the dark even not coming yet
Not Optimistic on OP token. What does it even do?Get this: You cannot even use OP tokens as transaction fees on the OP chains. All Level 2 tokens are useless. Only ETH matters.
At the end of the month, millions of OP tokens get released and dumped on the markets. See the supply schedule.
The OP Foundation sold billions of tokens to investors at sub $1 prices.
Have fun holding OP and becoming a "Community Member" by particiapating in governance voting.
OP - Ranges overview Interesting run of the lows on OP.
Just like the rest of the crypto market the overall reaction around the HTF OB and the sellside will depend on BTC holding its 60K-62K lows.
IF we fail to hold the current levels we will likely continue towards 1.7050$ and create lower lows.
IF we hold these levels we will revisit the buyside liquidity.
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
OPUSDT. The seller has reached their goalsIn educational article some week ago, I wrote that most financial instruments spend more than 75% of their time in this sideways market mode. So, knowing how to trade in sideways markets is a important skill for traders and investors.
I highlighted 5 skills that help effectively trade in sideways markets. Discussing the first of them - how to combine the higher and lower timeframes when looking for trades, I provided a practical example on the OPUSDT chart using the daily and hourly timeframes. Quote:
On the daily TF, we observe sideways movement since December 22, 2023, with the bearish vector (11-12) being relevant. The first target of the bearish vector, 3.119, was reached on March 19, 2024. The second target (2.822) and the third (2.611) remain valid
The seller has reached their goals.
Currently, the price is below the lower boundary (2.611) of the sideways trend on the daily timeframe. We haven't seen any buyers yet - there's no bullish candle.
It is advisable to look for buying opportunities when the buyer brings the price back into the sideways trend. Sales can be sought from the defense of the seller at the level of 2.611.
OP UPDATE (1D)This is an update to the analysis you see in the "Related Ideas" section
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 12/04/2024As i mentioned before, price was intending to enter the discount area. We lost range low and we end up filling the daily imbalances. We have our second daily imbalance at 1.85 dollars but it is better to start from current price.
#OP/USDT#OP
The price is moving below a downtrend and bounced from the main support area in green at 3.74
We have a downtrend that is about to break higher
We also have a trend in the RSI that is expected to be touched
It is expected to rise above the Moving Average 100
Entry price 3.47
First goal 3.71
Second goal 4.06
Third goal 4.44
Bullish continuationDescription chart short-term setup:
- Zigzag (5-3-5)
- RSI Bullish divergence 4h
- RSI breakout trendline
- Low probability 5th submicro wave (rule of alternation, fib 1.23)
- Target boxes laid out in chart. If part of larger correction price can take us to $3,81 - $4,54
Trade entered at $3.04
#OP\USDT#OP
The price moves in a bearish channel on the 12-hour frame,
the price moves within it and adheres to it to a large extent
We have a major support area at $2.50
We have a higher stability moving average of 100
We have a downtrend on the RSI indicator that supports the rise
Entry price: 3.2
First goal 3.5
Second goal 4.0
Third goal 4.64
#OP/USDT#OP
The price is moving in a downtrend on the 12-hour frame, about to break to the upside
The area in green is a very strong support area, from which the price rebounded at $3
We have a downtrend on the RSI indicator about to occur. The fraction is up
We have a higher stability than Moving Average 100
Entry price 3.07
First goal 3.66
Second goal 4.06
Third goal 4.49
OP analysisDue to the updates of the Ethereum and the Reduction of the Second Layer Network Magazine, it is susceptible to growth.
After the downfall it has encountered an important support level (2.81), which is in the weekly Time of Ardar Block in this area and Ardar Block is completely filled.
The RSI is in particular in 40 that manifests it at a good point for shopping
I expect to suffer in areas after one to two weeks
3.30 - 3.50 - 3.00
To witness a pump
Important purchase points
2.81 - 2.39 - 3.00 3.12
is
Look forward to the second -layer currency pump and holder
OP/USDT - Optimism: TrendLine Touch◳◱ On the $OP/ CRYPTOCAP:USDT chart, the Trendline Touch pattern suggests momentum building up for a significant move. Traders might observe resistance around 3.643 | 4.089 | 4.933 and support near 2.799 | 2.401 | 1.557. Entering trades at 3.198 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: Optimism
▣ Rank: 49
▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc
▣ Category/Sector: Infrastructure - Scaling
▣ Overview: None
◰◲ Technical Metrics :
▣ Mrkt Price: 3.198 ₮
▣ 24HVol: 48,690,901.124 ₮
▣ 24H Chng: 5.579%
▣ 7-Days Chng: -8.90%
▣ 1-Month Chng: -32.28%
▣ 3-Months Chng: -12.47%
◲◰ Pivot Points - Levels :
◥ Resistance: 3.643 | 4.089 | 4.933
◢ Support: 2.799 | 2.401 | 1.557
◱◳ Indicators recommendation :
▣ Oscillators: BUY
▣ Moving Averages: BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: -5.26
▣ Last 90D: 0.22
▣ Last 1-Y: 0.73
▣ Last 3-Y: 0.73
◲◰ Volatility :
▣ Last 30D: 0.87
▣ Last 90D: 0.88
▣ Last 1-Y: 0.97
▣ Last 3-Y: 1.35
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is N/A
▣ Reddit sentiment score is 0.68 - Bullish
▣ In-depth OPUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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OPUSDT 1D 60% OPUSDT 1DAILY TF. ON FIBONACCI & SUPPORT RESISTENCE. All time Retracement on OPUSDT with Technical aligning with FUNDAMENTALS.
OPUSDT LONG OUTLOOKHello Traders, this is outlook that i think might be work. All Entry, Stop Loss, and Take Profit its already showed up. All trade it is on yourself. DYOR.
OPBeen running in this impulse 1,2 1,2 1,2,3,4,5 now since late June 2022.
This coin is literally taking the stairs up. We entered at $1 and it has been a long slow move higher. I do not expect that to change
OP/USDT Bullish Reversal on the Horizon? 👀🚀OP Analysis💎 Paradiser, get ready for an exciting trading opportunity with #OPUSDT! The current setup suggests a bullish turnaround from its support and FVG.
💎 Reflecting on the past, $OPTIMISM faced challenges in surpassing its previous high, resulting in a bearish sentiment. However, the tides appear to be shifting. At the support level of $2.619, which has already piqued buying interest, there’s a strong chance of a bullish shift targeting the significant supply zone at $4.803.
💎 As savvy traders, we always have a Plan B. If #OP dips below our critical support at $2.619, we’re poised to capitalize on a bullish rebound from a lower support and the Bullish OB at $2.116. But exercise caution, as breaching this additional support could indicate a deeper decline.
💎 Stay adaptable in your strategies and keep a close eye on the charts, fellow Paradisers. Your ParadiseTeam is here to guide you through these market waves with expert insight.
OPUSDAT LONG 4Hoptimusm is forming a W pattern, with alot of liquidity at the top, if btc doens't rejected from the 72K we would see this patterns op OPUSDT coming true. I would open this posiion only if bct shows uptrend om the daily timeframe.
Double Bottom | Long Bias4H TF
OP has created a reversal pattern, now it's trying to test resistance at 3.25
If OP can break and close above this resistance, I expect price will go higher 3.5 that zone is Supply Zone
Wait for confirmation before trade
OPE! Putting in an impulse?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
Looking like an impulse coming in.
The move down is funky, but the 3 wave up is clear.
PF is holding it down.
2.9793 is the official pivot bulls want to hold.
3.29 break from here may change thoughts.
OP/USDTLong term targets marked in the chart.
accumulate under $3.9
TP 1 : $4.28
TP 2 : $6.68
TP 3 : $9
OP: two buy 📊Analysis by AhmadArz:
🔍Entry: 1=3.690 2=3.584
🛑Stop Loss: 1=3.660 2=3.523
🎯Take Profit: 1=3.775 2=3.994
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
🚀Please boost and💬 comment to share your thoughts with us!
OPUSDT LONG OUTLOOKHello Traders, this is outlook that i think might be work. All Entry, Stop Loss, and Take Profit its already showed up. All trade it is on yourself. DYOR.
