OPUSDT trade ideas
"OP" Time to fly🔥Hello traders🖐🏿
In OP/USDT chart(4H TF) we can see the completion of Falling wedge pattern, the price has been sitting on the edge of our wedge, and usually in this conditions price get bounce and rise hard.
RSI showing a divergence and in some TF's the oscillator is in over sold zone.
Likewise MACD is crossing up.
Target of this move can be mark in 3$ and then 3.7 , 4 , 4.4✨
Its just my idea, not a financial advice👊🏿
GM BearsTaking an aggressive short entry based on invalidation here with wide stops. Market is consolidating within that weekly range but above previous high time frame sr (aug '22 high).
Trading it level to level until I can turn it into a swing position and short it back down to ZERO.
Clean displacement above the highs and I'll be bitter to cut my short and flip bias.
*note to self: be quick to take profits when counter trading strong coins like this one.
OP is going to increase soon!OP/USDT broke out of Ascending Triangle formation on 2D Chart and printed a Bullish Pennant above its neckline
More upside if we break out of Bullish Pennant
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🌍Thank you for seeing idea .
Have a nice day and Good luck
OP/USDT Gained 300% in past 3 month what Next..?Analysis of the OP/USDT Technical Chart:
The current trading price of OP is $2.425, representing a 27% decrease from its recent high in February. However, the chart shows that OP has generated high returns for investors in the past 3 months, with a 300% increase.
Currently, OP is holding strong support at the neck line level, and it is expected to continue to do so. However, if it breaks down, there is a significant down leg waiting for the breakdown, and a 50% decrease is expected.
In the event of a breakdown, the first target is expected to be $1.642, with a second target of $1.16. Two major support points to watch are $1.642 and $1.435, with the possibility of a great entry point at a retracement of 0.5 and 0.618 at these levels.
The current resistance level for OP is $3.16.
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Optimism (OP) formed bullish Gartley for upto 33.50% pumpHi dear friends, hope you are well and welcome to the new trade setup of Optimism (OP) with US Dollar pair.
Previously we caught a nice trade of OP as below:
Now on a daily time frame, OP has formed another bullish Gartley move for another price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Testing breakout of ascending channelOP is testing a breakdown from an ascending broadening channel and is on a confluence of support lines.
Equities have been rallying, both NYSE and ESS, but crypto has been drowning in fear.
I suspect this area will hold up into mid-march, but if it breaks down it would be an excellent point of inflation to be short in.
Short OPOP will go down hard for the rest of this year.
Overall we know the market will be going down over the next few weeks.
OP has serious problems.
Unlocks will inevitably send this coin tumbling.
Coinbase news is bad - see COIN chart.
This is a longterm play for the next 2-3 months. Although I expect we shall see some of these targets much sooner.
OP Big Pump is Incoming✨Hello Traders🖐🏿
OP is froming a descending triangle, that may break it after 2.35$ touch, We can open a long position in 2.35$, with targets those marked in the chart.
This scenario happened to this coin, when its price was dropped to 0.64$, and after that exploded.
Now 2.35 is 0.64.