OP
OP/USDT ANALYSIS1. Not far from the support zone.
2. We are waiting for the break of the short correction trend, after which we will look for an entry point.
3. We are looking for a long point, since the global trend is long.
$op/usdt short term bearish, long term bullish. good fundamentals and currently in a downtrend, though in a fallen wedge, which go to upside about 68% of the time. currently waiting for a good entry for a long, $btc is currently dictating the market as well as the $dxy.
NEGATIVE DIVERGENCE ON OPUSDT (75% DOWN !!!)OPUSDT has reached the previous high and a considering negative divergence has been appeared on the rsi indicator. Some essential reversal zones are identified for our targets.
VERY RISKY TRADE IDEA SINCE BTC IS PUMPING. SHORT ON OPUSDTPERPBearish Wolfe waves - nothing much to explain! Very risky trade, and I am only risking some profits on it.
Targets in green (stick to your own stop loss / leverage).
Thought we could make use of $BTC's imbalance through impulse and the overbought RSI on the 15m timeframe diving below its RSI's MA for some quick gains.
Use proper risk management and position sizing please.
OP / USDT SHORT (Do not buy on top) hey traders
The distribution has begun, the price has reached its peak. Buying the cryptocurrency now means buying at the top. It is the time to open a short position
OPUSDT///TRADE///PATTERNHello
Op is going down to 1.2$ area and will pump to 2$ again
It have very good structures for this trade
GL
OP/ USDT LONG We are watching OP/USDT for a buying opportunity to target the top first and then the level 2.650
Wait for buyers to enter strongly from the Demand zone
GOOD LUCK !
OPUSDT |Coin Review| Breakout of the local countertrend!Hello trader Today I prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
Let's analyze the OPUSDT coin from the side of technical analysis
The asset is now locally in a downtrend, this can be seen from the local double line countertrend, it is also price resistance.
There is a strong pursed trend line, I expect a breakdown in the short term and a removal to the 0.5 Fibonacci zone ($ 1.825)
OP.Usd (Y22.P3.Video1).Cup and Handle QuestionHi All,
My thoughts for now, giving you reasons why it aligns with the cup and handle scenario.
I talk about the bullish targets, and also the bearish scenario.
Please give me a like and share,
All the best,
S.SAri
Double Top on OPUSDTBINANCE:OPUSDT
OPUSDT seems to have made a double top 2 days ago on the daily chart, it made two consecutive Shooting Star Reversal Patterns. There is negative divergence on the RSI indicator.
Could make a good short here with stop above $2.28 USDT.
Not a recommendation.
Good Luck to You.
Optimism $OP (SHORT) Currently Overvalued Compared to Polygon Optimism, a layer 2 scalability play on Ethereum is currently trading at an $8.2B fully diluted valuation, as compared to Polygon's $9.2B valuation.
While TVL (total value locked) on Optimism is soaring, it's still only $1.1B compared to Polygon's $1.7B.
We're likely just seeing a rotation of money chasing DeFi opportunities in the Optimism ecosystem as there are no DeFi protocols in the Optimism ecosystem that innovate past what is already available on other L1 and L2 ecosystems.
We've seen similar rotations like this before, most of which result in a large run up followed by a steep crash in token price.
Lastly, only 5% of OP tokens are circulating, making the price extraordinarily sensitive and volatile, particularly to the downside as more tokens become unlocked and flood the market.
Looking at two different shorting opportunities based on key margin pressure level resistance, keeping tight stop losses in case $ETH pumps on the merge narrative and the ETH ecosystem follows suit. Check out my YT channel to learn more about margin pressure levels.
OP GOING TO CREATE NEW ALL TIME HIGH? or A DUMP?OP/USDT currently moving in a symmetrical triangle which is continuation pattern , most probably it will give a bullish breakout but still their are chances that it will give a breakdown and dump upto our next suuport which is at around 22% below from our lower trendline but if it gives a breakout than technically we can see a jump upto 26% which will make a new all time high.
OP/USDT LONG1. Good drop.
2. Fall support zone .
3. Entry from the support zone .
4. Good risk to reward ratio.
OPUSDT: Deep decline could start right nowPreviously I have published an idea for OPUSDT.
Now, I made adjustments to the current wave count.
The price successfully overcame the uptrend line, forming an impulse in the assumed wave 1.
At the moment, wave 2 is being formed, in which the most highly effective trades are opened (according to trading rules by Elliott Waves).
I opened a short position and plan to increase the volume of the position at breakdown of the price minimum of wave 1.
The target level for taking profit now at $0.1.
The risk-to-profit ratio reaches 1:8.
Best Regards,
CEO Tornado Capital
OP Short OpportunityMight have missed entry but it very well could come back to it. Trade looks solid but has some considerable risk. It's a bit late to start a short but figured I would share this anyway because you can enter where you want and chose what levels are right for you. This is just my idea/ I am already in the trade but expect it to pull back. . It could also shoot through my stop as well, but I gave it some room. As always do what you are comfortable with. This is not financial advice. Just a trade I am taking and try to share more ideas. Keep an eye on BTC because it will have an effect of this.
Sorry this is rushed as I am walking out the door so everything on the chart is not exactly as I usually have it. Trade is live but you might want to wait for entry.
OPUSDT: Deep Price PlungeAn ABC upward correction pattern has been formed, for a downward wave A.
At the moment the price broke through the uptrend line and it is likely that the formation of the intermediate wave 1 will be completed soon.
I will sell the coin on the correction in wave 2, from where I will expect a deep price decline to the level of $0.1.
Overall, short pos has risk-to-profit characteristics of 1:5 at least.
Best Regards,
CEO Tornado Capital
OP.Usdt (Y22.P3.E).The trade so far..where is the bottomHi All,
I do believe this bear market is not like any other because the current world climate is not like no other, high inflation and interest rates to still come so we will see more down turn on the stocks and crypto is no exception.
Having said that, This could be wave 3 to 4 looking for completion.
Why wave 3 to 4? Wave 3 to 4 is usually complex, even in a uptrend or downtrend market.
We also might have a trading opportunity if it comes using the RSI however in a bear market, targets don't usually hit like in a bull market. Unless its a reversal.
The breakout trade can only be a relief rally in my opinion, just like for the others.
All the best,
S.SAri
OP Optimism price movement predictionPrice Prediction
not financial advice
this is for entertainment purposes only
always DYOR
OPUSDT SHORTLoss of bullish momentum in a bearish breakout after reaching the fib 0.5.
An obvious rising wedge with three push pattern making it extremely bearish.
NFA
OP....Is it bottoming yet? Im not sure it is, i think a drop to .7 or .6 still before a rebound. OPtimism on the horizon?
OP... well I had Optimism...I thought it would work out..... I was mistaken..... so far im like 40% down...not horrible yet..... its not at 0$ still... bit i'm super short still..... riding my loss to ZERO!
