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OPUSDT trade ideas

#OP Potential Double Bottom Structure📊#OP Potential Double Bottom Structure 🚀 🧠From a structural perspective, the ideal goals of the short structure have all been achieved, and there is an expectation of a rebound. There is an opportunity to build a bullish double bottom structure near the buy zone, which will be established after breaking through the inflection point. If this structure is established, then we have a chance to go to around 2.978. Let's see 👀 🤜If you like my analysis, please like 💖 and share 💬 💕 Follow me so you don't miss out on any signals and analyze 💯 BITGET:OPUSDT
Long
by wolf_king888
Optimism (OP) Optimism is a layer two blockchain on top of Ethereum. Optimism benefits from the security of the Ethereum mainnet and helps scale the Ethereum ecosystem by using optimistic rollups. That means transactions are trustlessly recorded on Optimism but ultimately secured on Ethereum.Optimism is one of the biggest scaling solutions for Ethereum with over $300 million in TVL. Optimism price today is $1.23 with a 24 hour trading volume of 270 million dollars, OP price is up 15% in the last 24 hours after a little correction OP can hit 1.3 and 1.5 did you manage to buy OP at 0.8$?
by moonypto
15
OPUSDT.1Ddaily chart of OPUSDT, we are presented with a well-defined Head and Shoulders pattern, which is a classic reversal formation. This pattern, consisting of the left shoulder, head, and right shoulder, indicates a potential trend reversal from the previous uptrend, suggesting that a breakdown could occur if key levels are violated. Pattern Analysis: The Head and Shoulders pattern is clearly visible with the left shoulder formed in early 2024, followed by a peak (the head) and the formation of the right shoulder more recently. The neckline, which is a crucial level in this formation, is aligned with S1 (0.906). This neckline level will serve as a key indicator for market participants as to whether the bearish reversal pattern will play out. Support and Resistance Levels: Support Levels: The primary support lies at S1 (0.906). This level is critical because it represents the neckline of the Head and Shoulders pattern. A decisive breakdown below this level would confirm the bearish reversal, likely leading to a test of the next major support at S2 (0.634). Any break below S2 could further exacerbate bearish pressure, potentially leading to prolonged downside. Resistance Levels: On the upside, the immediate resistance is at R1 (2.053). This level represents the zone that needs to be reclaimed for any short-term bullish momentum to develop. A break above R1 would invalidate the Head and Shoulders pattern and suggest a return to bullish conditions, possibly targeting the previous highs at 4.865 over the longer term. Stochastic RSI: The Stochastic RSI is currently in the overbought zone, suggesting that upward momentum may be losing steam. This could serve as an early warning that the price is likely to face resistance in the short term. Any bearish crossover in this region could reinforce the likelihood of a breakdown below S1, in line with the Head and Shoulders pattern. Conclusion: OPUSDT is at a crucial inflection point, with the price nearing the neckline of the Head and Shoulders pattern. A confirmed break below S1 (0.906) would likely result in a bearish continuation, with S2 (0.634) being the next major support. On the other hand, if bulls can reclaim R1 (2.053) and invalidate the bearish pattern, we could see a reversal toward higher levels. For now, the chart leans bearish, with the Stochastic RSI suggesting that the current rally could be losing strength. In conclusion, traders should monitor the neckline at S1 carefully for any signs of a confirmed breakdown. The next few days will be pivotal in determining whether the bearish Head and Shoulders pattern plays out, or if bulls can regain control and push the price higher.
Long
by MarsSignals
Optimism: Each Time It Goes Higher, Long-Term Super Growth (W#4)Each time it goes higher... Optimism is showing a pattern of long-term growth; a widening rising channel; higher highs and higher lows. The pattern is very hard to miss on the chart and each time, each wave goes higher than the previous one. We can expect a higher high next and a new All-Time High for this magnificent trading pair. ➖ In mid-2023 we see similar price dynamics. A low in June leads to some consolidation and sideways action, and then a major bullish wave. ➖ In 2024 we can see the same. A low in August leads to some consolidation and sideways action and then a major bullish wave. Now, the two previous waves, in early 2024 and 2023 happened after a bear-market. The 2025 wave will happen within a bull-market so total growth potential can be many times stronger, higher, than what is shown on the chart. So get ready and prepare for the long-term because OPUSDT is going up, we have no doubt about this, and it will be strong, something this pair has never experienced before. The future is bright for Crypto; The future is bright for the Altcoins; The future is bright for us. If you are reading this now you have great timing, you are in the right place at the right time and the market will reward you for being wise and smart. While our mental attitude is very important and how we approach the taking profits strategy with our trades can affect how much money we take home, timing cannot be ignored. The best time to buy crypto before the major 2025 bull-market is late 2024. Late 2024 is now... And we are preparing for long-term growth. Thank you for reading and thank you for being around. You will be happy with the results. Namaste.
Long
by MasterAnanda
1