OP
OP ANALYSIS (4H)From where we placed the green arrow on the chart, it seems OP has entered a bullish phase.
The Boolean phase pattern looks like a diametric or triangle.
If the demand 1 range is lost, the pattern is confirmed to be a triangle, but if the price is rejected upwards, the pattern is diametric.
What seems certain now is a drop to the demand 1 range
The structure and movement path that we intend for OP is clear on the chart.
Closing a daily candle will invalidate the analysis level.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Breakout Alert: #OPUSDT has Broken Above the Falling WedgeYello, Paradisers! Are you ready to capitalize on the next big move in #OPUSDT? We've been laser-focused on #Optimism as it navigates a critical juncture, and it’s time to assess whether the bulls can take charge or not:
💎Currently, OPUSDT is showing promising signs of a bullish continuation from the bullish Order Block (OB) around $1.27. The falling wedge formation we've been tracking has broken to the upside, and momentum is building within this crucial demand area.
💎If this momentum persists, we could be on the brink of a strong bullish surge. But to confirm this bullish scenario, #OP must break above the minor resistance level at $2.02. We could witness a significant rally if this resistance is successfully breached, with the target set at the major resistance zone.
💎But don't let your guard down. If the momentum weakens and OPUSDT breaks below the bullish OB, we could see a dip toward the lower support zone between $1.06 and $1.15.
💎If the price continues to decline and we see a daily close below this area then it would invalidate the bullish outlook and might lead to further declines.
Stay focused, patient, and disciplined, Paradisers🥂
MyCryptoParadise
iFeel the success🌴
Alikze »» SUI | Daily FVG gap🔍 Technical analysis: Daily FVG gap
- According to the analysis presented in the previous post, after creating demand in the green box area, it grew to the supply area.
- Currently, according to the structure formed in the supply area, a twin roof with a shorter roof is observed.
- But in the 8H time frame, it is moving in a descending channel. Demand has also been met at the bottom of the channel.
- Therefore, according to the FVG gap in the 1D time frame, if the selling pressure continues, it can make a correction to the green box area and retest it to fill the gap.
💎 Alternative scenario: also, if he can break the middle of the channel upwards, he can retest the supply area again.
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BINANCE:SUIUSDT
BEST ENTRY IN A LONG TIME!Keeping this VERY SIMPLE. #Optimism is currently trading close to all time lows! after sweeping a few high timeframe weekly lows, and holding above the level, in my opinion, this can be a great entry for higher prices to come.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
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This is not financial advice. This is for educational purposes only.
OP - Excellent opportunity or will the support break ? BINANCE:OPUSDT (1W CHART) Technical Analysis Update
OP is currently trading at $1.764 and price has reached the bottom of the channel, OP has been trading inside the range and currently price has reached the bottom support line, in the past this support line held strongly multiple times and we are expecting the same this time. If the price bounces back then there is an opportunity for new ATH.
Entry level: $ 1.764
Stop Loss Level: $ 1.290
TakeProfit 1: $ 2.054
TakeProfit 2: $ 2.704
TakeProfit 3: $ 3.845
TakeProfit 4: $ 4.788
TakeProfit 5: $ 6.741
Max Leverage: 2x
Position Size: 1% of capital
Remember to set your stop loss.
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GreenCrypto
OP/USDT Major trend. 07 2024Logarithm. Time Frame 1 week. After the listing there were 3 cyclical pumping of the “participation” phase. PR, hype, connection of the majority in mass media. The reversal occurred with a typical breakout in the secondary trend of a triangle (first pumping) or a wedge (second pumping). Now the third wedge is forming, the price is near the dynamic Gann support (reaction from it), but still in the range of the descending wedge pattern.
On a line chart (liquidity, no slippage) the declines are cyclical at -63% each time according to the algorithm. Each successive top +55% of the previous secondary trend.
It is quite possible that something similar will happen again this time (not necessarily), but only ideally after holding dynamic fan support and breaking wedge resistance. I have purposely shown only medium-term targets after a trend break.
Gann's trend fan is plotted on the chart, i.e. dynamic support/resistance areas for the future.
Optimism customization - L2's blockchain scaling solution ETH Crypto funds have invested a total of $267 million.
Secondary trend Time frame 3 days
OP/USDT Secondary trend. Wedge. Pivot zones. 27 07 2024OP/USDT Secondary trend. Wedge. Pivot zones. 27 07 2024
Logarithm. Time frame 3 days. A descending wedge is forming. The price is near the dynamic Gann support (reaction from it), but still in the range of the descending wedge pattern. The reaction in this resistance zone will determine the trend for the near future.
On the chart, I have specifically shown the minimum percentages of the two key reversal zones for the trend to local resistance levels, for the potential of option A and B.
Major trend.
OP/USDT Major trend. 07 2024 Time frame 1 week.
100% Positive uptrend continuation Weekly Bullish, Daily chart bullish, 4 hrs still bullish. We have a long up to go.
But for your safety of price actions, you might need to consider using lower leverages like 4x.
Buying on spot is good choice as well.
🎯Short-Term Target - 4.2$
🎯Mid-Term Target - 7.65$
🎯Long-Term Target - 11.6$
🎯Long-Term Target - 15.5$
🎯Long-Term Target - 19.6$
OPUSDT - Altcoin with GOOD UPSIDE Potential (Wyckoff)Using the Wyckoff Method has always been my go-to strategy when looking for buy's. The theory behind it is that basically the market goes up, down, sideways, and up again etc. You can dive into more detail by taking a look at volume and trendlines, but for today's analysis we'll keep it simple and focus on the good upside potential for OP.
The above clearly shows an excellent Elliot Wave Theory playout - 5 impulse waves up and the following three corrective waves - indicating the bottom is close.
The above is classic Wyckoff Method Theory together with the emotions at each phase. OP, according to the above, is very close to bottoming out - in other words, a great place for accumulation. During the previous phase, the price increased over 400% over the course of a few months. If you have the patience, it can be a great increase.
__________________________
BINANCE:OPUSDT
Alikze »» SUI | Descending channel🔍 Technical analysis: Descending channel
- It is moving in a descending channel on a daily basis.
- Currently, there is demand at the bottom of the descending channel in the green box.
- If it can break the range of 0.78, it can continue its growth with a pullback to the support box until the supply zone.
- But if the green box area breaks down, the correction will be ongoing and should be re-examined and updated.
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BINANCE:SUIUSDT
I'm out of my mind and waiting for ETH at 10k+.....I will briefly explain why I think so... I study wave analysis of charts and usually triangles are formed in the last phase before a bear market (global) on ethereum, this is exactly the figure, add to this that I expect an alt season and a flow of dominance below the 40% minimum. If you look at the BTC/eth chart, there will also be this triangle, which gives me an idea of possible movements
Alikze »» OP | Pullback to the roof of the major is brokenIn the daily and weekly time, it is moving in an ascending channel, where three-wave movements are evident inside the channel. At present, with the failure of the major ceiling, it can continue its upward path by completing the pullback to the specified limits and the ceiling of the ascending channel. In the last part of this movement, it can be completed with another short correction and enter the continuation of its upward wave to the areas of divergence. But if it cannot maintain the range of the ceiling, it will have the possibility of correction to the bottom of the ascending channel.
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Strong selling pressureA descending wedge has formed in the short-term timeframe, indicating strong selling pressure. This pattern suggests that the price is currently experiencing downward momentum but may eventually break out to the upside. The price might move from the identified supply zones towards $1.65 to $1.7.
There is potential for an upward movementThe trend is completely bearish, with the price continuing to drop. There is a descending trendline that OP has been moving below, having hit and dropped from it twice. It looks poised to break this trendline and start a new upward trend.
The scenario involves breaking this trendline; if it breaks and retests, there is potential for an upward movement.
OP Parallel Channel Bounce For Huge GainsOP has been trading inside this bullish channel for around 2 years at this point. With OP (and the majority of alts) falling over the last few weeks patient bulls are again in luck.
I'm looking at a relatively safe trade from the bottom support, with a stop below the previous long-term swing low. Target at 7$.