OP:b-b-e📊Analysis by AhmadArz:
🔍Entry: 2.487
🛑Stop Loss: 2.145
🎯Take Profit: 2.88 - .3.299 - 3.586
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OPUSDT trade ideas
Optimism OP price has been moving in its own "special way"Today, NASDAQ:OP #Optimism has attracted attention because it is not falling in line with CRYPTOCAP:BTC and other altcoins.
In fact, for the past two weeks, the #OPUSDT price has been moving in its own "special way".
Perhaps there is already some fundamental news ready for this price movement, do you know anything? Share in the comments.
The critical level below is $2.30. If buyers hold on, then theoretically, the OP price could start to rise dynamically.
Up to $3.40, or maybe even $4.40, or maybe even higher) Let's wait and see)
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OP - Enjoy The Ride 🚗Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 OP has been overall bullish, trading within the rising broadening wedge pattern in red.
Currently, OP is undergoing a correction phase and it is currently approaching the lower red trendline.
Moreover, it is retesting a strong support zone marked in blue.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the blue support and lower red trendline acting as a non-horizontal support.
📚 As per my trading style:
As #OP approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
OP ANALYSIS🚀#OP Analysis : Breakout and Retest
🔮As we can see in the chart of #OP that there is a perfect breakout of trendline and retesting the trendline in 4he time frame. This indicates a potential bullish move.📈📈
🔰Current Price: $2.438
🎯 Target Price: $4.793
⚡️What to do ?
👀Keep an eye on #OP price action. We can trade according to the chart and make some profits⚡️⚡️
#OP #Cryptocurrency #TechnicalAnalysis #DYOR
OPUSDTOPUSDT was trading under the declining trendline. The price was reacting well the support and resistance of trendline
Currently the price has given the breakout from declining trendline with confluence to strong bullish divergence and now seems like the bulls are getting ready for some strong upside movement.
If the bulls sustain to upside the optimum target could be 4
What you guys think of this idea?
OPTIMISM 42724I gave a setup on OP against BTC earlier this am as I entered the trade. Jumped up but in reality, this could be just the beginning of a monster rally to 10 dollars. OP has held the ascending triangle as support and looks to be rallying. ANd why not? Ether prices are as broken as Bitcoin. I see a layer 2 and optimism has always been a monster mover.
I think this could be a safe trade with limited downside.NFA. I change my opinions as new data presents itself. I could just as easily take my profits and rotate out. It could also all go to zero, but I see way too much fear and I think many will chase ether gains but not want Ether.
BLackrock wants your OP and TAO
OP(Optimism) price action analysisSimilar scenario that the market has experienced
Example 1
💰DOT (spring-summer 2021)
Accumulation ➡️ Distribution ➡️ 67% dump ➡️ 360% pump
💰OP (spring-summer 2024)
Accumulation ➡️Distribution ➡️64% dump ➡️ projecting DOT scenario to OP
Here we saw 3 waves of decline and the last one was the most painful and fearful for the crowd. After that we had great pump
This scenario can be applied to many altcoins, not just OP.
OP 21/04/2024OP is increased by 38% from the lowest daily imbalance. I have a diagonal below that can work as a support. We are currently above the weekly levels and price is targeting to fill the imbalances below. Every correction is a buying opportunity for me. If we drop to 2.20. It is good level to buy.
OPUSDT.1DThe daily chart for Optimism (OP/USDT) illustrates a bearish trend with a series of lower highs and lower lows, which can be interpreted as a downtrend channel. The price is currently hovering near $2.467, with a clear support level at $1.635. The resistance level at $4.139 is crucial; a breakout above this level could signal a potential trend reversal. However, the current price action remains below this resistance, suggesting that the bearish sentiment is still dominant.
Traders might look for short positions as long as the price is below the resistance level, with potential targets near the support level. A break above the resistance could invalidate the bearish outlook and shift the strategy towards looking for buying opportunities. Risk management is key, and stop losses should be considered above the resistance level when taking short positions to protect against sudden bullish reversals.