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OPUSD

OPUSDTPOP price action has played within a descending channel for 115 days now. Twice has it tried to break out of it to the upside, with failure as sellers promptly send price crashing to the floor of the channel the 1st time, and an adjacent support trendline the second time. However, there have been 2 wicked breakouts to the downside, suggesting a demand liquidity pool that has been induced but not mitigated just yet. With BTC likely to test the 15k and 14ks to tap demand liquidity, I expect OP to drop in for a liquidity tap as well, buoyed by the support right there (so pA does't fall off), and then a subsequent retest of the strong resistance at $1.4. My money is on bulls flipping that resistance to support this 3rd time of asking, for price to go on to test the $2.2 ATH region and likely, price discovery.
Long
by KayKayKay2021
Optimism OP Became Optimistic AgainHello, Skyrexians! We continue analyze altcoins with big potential for the bull market. Couple of days ago we have already observed another one layer 2, today it's time for BINANCE:OPUSDT . Price of this crypto formed very interesting formation which can confuse most of traders. We analyzed it using the combination of Elliott waves analysis with our algorithmic indicators. Hope it will give you enough knowledge to make your own decision. On the price chart you can see the weekly time frame. We can consider all movements as the large accumulation zone because Optimism appeared in the most severe stage of past bear market. Its first growth is more likely to be the wave 1. After that we can see almost the same formation as for Arbitrum. This is the irregular correction in the wave 2, which consists of ABC waves. Wave C is likely to be finished. It touched the 0.61 Fibonacci retracement zone and Bullish/Bearish Reversal Bar Indicator printed the green dot. This is very high probability long setup. You can see earlier on the chart that this indicator flashed the red dot and after that we have see the huge bearish wave. We need to pay attention to its signals. The next potential move is the global wave 3. It can happen very fast and the target for it is defined by the Fibonacci extension. This is the zone between $7.71 and $11.68. Lower band of the zone is almost 10x from the current price. Best regards, Skyrexio Team ___________________________________________________________ Please, boost this article and subscribe our page if you like analysis!
Long
by Skyrexio
op goes to $32gm, read that title again, and let it sink in. --- optimism has been expanding extremely quickly over the last year,,, from large players like coinbase creating base on the chain, to a conglomerate like sony in the works of creating soneium... this is a rapidly growing chain, and there are incredible builders creating something truly magnificent as we progress into the future. --- optimism to me personally looks really good. there are a few ways i can label it, but this particular way is currently my favorite way, and it's is the "conservative" way. --- my conservative upside target on this project sits at $32 near the height of the upcoming alt-season. i do predict that it will most certainly go higher after, but that'll be an extreme which will be more than worthy of selling into. --- tldr; op to $32 as alt season begins.
Long
by Eloquent
2
#OP (SPOT) entry range( 0.13 - 0.17) T.(3.560) SL(1.271)BINANCE:OPUSDT entry range ( 0.13 - 0.17) Target1 (2.440)- Target2 (3.560) 1 Extra Target (optional) in chart, if you like to continue in the trade with making stoploss very high. SL .1D close below (0.3832) *** collect the coin slowly in the entry range *** **** #Manta ,#OMNI, #DYM, #AI, #IO, #XAI , #ACE #NFP #RAD #WLD #ORDI #BLUR #SUI #Voxel #AEVO #VITE #APE #RDNT #FLUX #NMR #VANRY #TRB #HBAR #DGB #XEC #ERN #ALT #IO #ACA #HIVE #ASTR #ARDR #PIXEL #LTO #AERGO #SCRT #ATA #HOOK #FLOW #KSM #HFT #MINA #OP ****
Long
by Crypto_alphabit
2
OPUSDT: Is a Major Move Brewing? Time to Watch Out !Yello, Paradisers! Have you noticed #OPUSDT’s recent action? It’s been battling at key levels, and a potential explosive move is on the horizon. Could we be heading towards a breakout, or is there a pullback looming? Let’s break it down 💎#OPUSDT has been trading within an ascending triangle, consistently tapping its previous resistance zone. This structure shows bullish pressure, as the price keeps respecting its ascending support, indicating the buyers are firmly in control. 💎Recently, OPUSDT broke through its resistance level and successfully retested it, further solidifying the upward trend. The next major target sits at the $1.78 resistance zone. 💎If strong buying volume kicks in, OPUSDT could surge towards the next resistance cluster around $2.03 - $2.13. This level, however, could pose significant resistance. Pay close attention to this zone. 💎Despite the breakout, there’s always the possibility of a retracement. OPUSDT could dip towards a major support zone, regroup, and make another run toward resistance. 💎Watch for the 8H candle close below $1.335. If this level breaks, it could invalidate the bullish structure, signaling a move down to test further supports. As always Paradisers, patience and discipline are key. Only the most strategic Paradisers will catch the right entry points here. Stay focused, trade smart, and keep an eye on those critical levels if you want to be on the winning side of this market! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Jack
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
by behdark
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🌴
Long
by MyCryptoParadise_Simon
OP/USDT Trading ScenarioAfter reaching an all-time high of $4.866, the asset's price corrected by more than 78%, returning to a zone of interest for participants, as defined by the volume profile and the key POC level. According to Fibonacci levels, the current asset price is in a buying zone. In this situation, based on indicator readings, it's possible to consider building a position in OP assets with the aim of holding and potential growth to at least the 0.5 Fibonacci level, corresponding to the price point of $2.61. There is also the possibility of further price movement with a new ATH.
by Rick_SimpleSwap
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. Follow our TradingView account for more technical analysis updates. | Like, share, and comment your thoughts. Cheers GreenCrypto
Long
by GreenCryptoTrades
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
Long
by SpartaBTC
2