OP going for shortThe sky blue line have a strong support because the previous high didnt break and form a lower highs and see the pivot line didnt broken thats a strong indication that bears controls the market
OPUSDT trade ideas
Spotlight on OPUSDT: Unveiling the Path to a 36% Price Increase💎 The overall #OPUSDT trend remains bearish, as the price continues to trade within a descending channel. However, there are some intriguing developments that warrant our attention.
💎 Currently, there are indications of a potential formation of a Bullish Flag pattern, which could lead to a significant price increase of 36% if it materializes. The target for this pattern aligns with the 38.2% Fibonacci retracement level and coincides with the top of the descending channel. This convergence of targets adds to the likelihood of an upside move in the future. 💎
💎 Adding further support to the probability of an upward movement, #OP has approached a significant zone characterized by previous supply and current demand. This zone often attracts buyers who are actively seeking opportunities. If the price manages to remain above the current support level, we anticipate a potential price increase ranging from 30% to 40% in the coming days.
💎 Despite these potential positive developments, the long-term bearish trend remains intact, and a breakout below the support level could reverse the scenario.
Stay vigilant, Paradisers, and make informed trading decisions! Your ParadiseTeam 🌴
Next period of volatility : around August 2-12Hello?
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(OPUSDT chart)
Around 1.660, the M-Signal indicator on the 1W chart and the 150 EMA are passing.
So, the question is whether it can sustain the price by moving above 1.660.
Looking at the 1W chart, we can see that it is out of a downtrend.
So, if the price holds above 1.442, I expect it to rise.
Looking at the big picture, you can see that there are three support and resistance zones.
If it rises above 1.660, you should check whether it finds support or resistance in the 1.828-2.045 area.
The next period of volatility is expected to start around August 2nd.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
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Long OP OP has just broken the bullish flag (4H) and would possible break the resistance zone with today candle (1D).
As a result, a trade setup is as in chart.
The 1D-view is as below:
OP Finally Breaking it's resistance. Now we finally see OPUSDT breaking its significant resistance at 1.55- 1.58$
It has been evident that the trend is going toward 1.80.
This week we can a significant uptrend in OPTIMISM... As per my analysis, the next target is about to 2.69$ if Bitcoin holds this position.
Don't forget to follow me.
Thanks
OP has strong supportThe instrument is in a locally downtrend, a descending triangle pattern has formed, with a cascade of short levels behind which the stops of market participants are very likely, the instrument has been in consolidation for a day near cascade levels, with the next approach, I expect an impulse breakdown of cascade levels in order to collect the stops of participants
OP/USDT | 1d 👀Optimism is moveing in decending Channel pattren in daily Time frame and is getting close to its breakout point if it successfully confirmed its breakout we will see a pump in it 📈🚀
✅ Stay updated on market news and developments that may influence the price of Optimism. Positive or negative news can significantly impact the cryptocurrency's value.
✅ Exercise patience and discipline when executing your trading plan. Avoid making impulsive decisions driven by emotions, and adhere to your strategy even during periods of market volatility.
✅ Remember that trading always involves risk, and there are no guarantees of profit. Conduct thorough research, analyze market conditions, and be prepared for various scenarios. Trade only with funds you can afford to lose and avoid excessive risk-taking.
#Cryptocurrency #Crypto #Coins #Altcoins #Finance #Trading #OP #Cryptomarket #Optimism #Futuresr
OP - Possible Leading Diagonal
We have the conditions to consider the downtrend over (RSI divergence on Wave C).
The upside movement could be a leading diagonal, which would be the first wave to the upside.
Price is currently facing resistance at 1.60. Even if we get further breakout attempts, I'm waiting for a pullback before taking long trade decisions.
$OPUSDTNASDAQ:OP looks solid from this Dz I am triggered to go on a long from here
to continue the directional bias
bos confirmed Dz can only be validated when IDM is cleared
OPUSDTOPUSDT seems to be in good bullish momentum and at the verge of breakout. Currently the instrument is facing resistance from but seems like it is ready to break it. if the price successfully close above 1.65, will be good buying option.
opFrom either side, I open a position for the opposite direction. When it reaches the green lines, I buy for those red lines, when it reaches the red lines, I sell for the lower lines.
OP Buy SetupHere is My Study on OP
Welcome to my channel! Here you'll find daily technical analysis ofthe latest trends in the crypto market. From Bitcoin to altcoins, I'lIl be sharing my insights and predictions to help you make informed decisions
about your investments. Follow me for the latest updates and join the conversation in the comments!
Crypto technical analysis uses past price history to predict future price. It's not a guarantee and shouldn't be relied on solely for investment decisions. Consider other factors such as market trends, economic strength and
information dissemination. Use with caution.
This Is Not A Finacial Advise
The strength is with the fall, but let's surf a littleOP currency is close to its downward trend and the distance it has to this downward trend can be considered as a growth and a target as seen in two important ranges in support and resistance with 13% growth, so according to probability analysis A short growth followed by a fall is not far off
Brief Analysis ——OPAfter the FUD of SEC, as representatives of Optimistic-Rollup, OP and ARB rebounded stronger than many other tokens. In the second half of the year, ETH will usher in an important upgrade, Dencun, which will reduce the transaction fee of L2, which is beneficial to OP and ARB. And it is likely that other L2-tokens will appear in the second half of the year, making Layer 2 a new focus. Today we bring the brief analysis of OP, ARB and GMX.
After investors unlocked OP tokens, the selling pressure increased, making it difficult for the price to go up. But on the other hand, the joint launch of BASE with Coinbase will also boost the OP ecosystem.
After the FUD of SEC, OP first rose and then slowly fell. Price pimped again last Thursday, approaching the highs in late June. Although it is neutral at a large level, every time the price is close to or below 1.2, the bulls strengthened. You can find it from the length of the green candles and the significantly high trading volume. In the near term, the price did not break out the previous high and the green candle has an upward pin-bar on Friday. It's very long. Bulls decayed. But the bears haven’t increased, with a downward pin-bar on the candle on Sunday.
Conclusion: The high probability rise has not ended. According to huge volume and disappearing shorts, we make this conclusion. The bulls will maintain the price at this position, waiting for the launch of the next attack. We set resistance level at 1.65 and support level at 1.18.
If you have any ideas, welcome to communicate with us:)
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
OP more pump possible?#OP still moving in broadening channel, Continuation still possible unto next liquidity zones
Optimist coin trading idea.Optimist coin trading idea.
The asset looks good. Took +15% from it today. Let's repeat the setup. The most important thing is that Bitcoin does not ruin the mini alt season)
1.35$ -1.37$ I will take a second long position.
This is the mirror level - provided we trade on it. But I think there will be no failure.
Today is good news and #Bitcoin looks bullish.
My analysis and the Smart Money strategy points to buy the asset.
I wish you, my dear colleagues, a good week.
OPUSDT important support at 1.4520OPUSDT important support at 1.4520
every thing is on chart
Good Luck.
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."
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OP Buy TradeHere Is My Study On OP.
Welcome to my channel! Here you'll find daily technical analysis ofthe latest trends in the crypto market. From Bitcoin to altcoins, I'lIl be sharing my insights and predictions to help you make informed decisions
about your investments. Follow me for the latest updates and join the conversation in the comments!
Crypto technical analysis uses past price history to predict future price. It's not a guarantee and shouldn't be relied on solely for investment decisions. Consider other factors such as market trends, economic strength and
information dissemination. Use with caution.
This Is Not A Finacial Advise
weekend trade setup here is an scalp trade with a very small stop loss and a big target point {THIS trade is valid for weekend only } set the limit orders and enjoy weekend
Altcoins mini-season, don't miss OPOn daily TF,
Optimism BINANCE:OPUSDT has bounced from $1.2 and it's trading around 1.32 now.
Market Cap excluded BTC and ETH that's broken R/C. It mean altcoins mini-season is coming.
OP has more room to go up. The target around $1.9
Wait and see
OP LOOKS BULLISHHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the OP symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
