BULLISH OP/USDT (Cup & Handle pattern)- Even with a lot of bear market drops, OP held like a boss
- Formed a bullish signal: cup n handle
- Smothed EMAs / MA point to nice support ahead
- OP is a layer 2 solution and ETH just merged.
- OP is still so young... (give it space to grow ☕)
I will keep this post updated with more information I find around there, for now I'm super bullish in Optimism (OP). :)
- If you enjoyed my TA please give it a boost! <3
OP
OPUSD | Secure entry point.Hello trader Today I prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
Guys, this is a deal similar to TWT, I'm waiting for the asset to spill a little below the current price, approximately in the $1.320 zone
I think the price will come to my zone of interest as Bitcoin continues to correct, now we are waiting below $21.500
OPUSD | I fix the position to re-enter below!Hello everyone, I wrote a new idea for you. I think it's easy to like and subscribe to the channel, thanks😉
📌 Guys OP reached his take profit +22% without leverage, I fix the position completely, I think it will be possible to re-enter lower (it all depends on how bitcoin behaves)
📌While I am waiting, we will probably see a small SHORT towards $1.430 from there I want to take a small SHORT up to $1.270 5% of the deposit.
📌The $1.270 zone will be my zone of interest for a long position (10%) of the deposit.
OPUSD | Continuation of the countertrendHello everyone, I wrote a new idea for you. I think it's easy to like and subscribe to the channel, thanks😉
📌The asset continues to move in a downtrend, the countertrend that you see on the chart is a strong resistance
📌 The price bounces again and again from the countertrend, double lowering its local lows.
📌My expectation is that OP will show good growth soon, but first you need to find a safer entry point.
📌I think the entry from the trend line that starts in July will be the optimal entry point. Then you need to wait for a rebound to the trend line and in this zone ($1.1) take a long position
OPUSDT|Coin Review| A trade from a trend line.Hello trader Today I prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
Friends, I have prepared an interesting OP trade for you. All attention is on the countertrend one.
Locally, the asset has been in a downtrend for 30 days, which can be seen from the local countertrend double, which was broken not so long ago and is now a support zone.
I think we will be able to see next week a retest of the double countertrend in the zone ($1.50) from there will be my entry point.
While I'm waiting for the market correction on Monday, and there I will act according to the situation, I have placed orders to buy $1.50 in advance | 1.35$| 1.20$|
Guys this is not financial advice just sharing my thoughts on a chart!
OptimisticI'm optimistic on Optimism (OP). Bullish indicators throughout the chart. Tight squeeze impulse Elliot Wave 3 breakout possible soon in my opinion. Not only is Optimism a great project and it can also be promoted as a verb type of meme (I promote creatively on Social Media. It's still under wraps though since I'm also a Lunatic). Example: I Am Optimistic about the direction of the crypto market from here. Fear is present both inside and outside of this market but we must look past it.
Do not take as financial advise! Personal Opinion
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 $BTC's imbalance through impulse and the overbought RSI on the 15m timeframe diving below its RSI's MA for some quick gains.
Use proper risk management and position sizing please.
OPUSDT |Coin Review| Breakout of the local countertrend!Hello trader Today I prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
Let's analyze the OPUSDT coin from the side of technical analysis
The asset is now locally in a downtrend, this can be seen from the local double line countertrend, it is also price resistance.
There is a strong pursed trend line, I expect a breakdown in the short term and a removal to the 0.5 Fibonacci zone ($ 1.825)
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.