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OPUSD

Next period of volatility : around August 2-12Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (OPUSDT chart) Around 1.660, the M-Signal indicator on the 1W chart and the 150 EMA are passing. So, the question is whether it can sustain the price by moving above 1.660. Looking at the 1W chart, we can see that it is out of a downtrend. So, if the price holds above 1.442, I expect it to rise. Looking at the big picture, you can see that there are three support and resistance zones. If it rises above 1.660, you should check whether it finds support or resistance in the 1.828-2.045 area. The next period of volatility is expected to start around August 2nd. --------------------------------------------------------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
OPUSD: Channel Up to test the 2 month Resistance.OPUSD is on a stellar rise within a Channel Up that is supported by the 1D MA50 and very balanced bullish technicals on the 1D timeframe (RSI = 63.931, MACD = 0.054, ADX = 31.710). The 1D MACD shows significant upside potential and we will take this opportunity to buy and target the LH trendline (TP = 1.8000). The Resistance Zone is between R1 (1.87500) and the 1D MA200. If the price closes over the 1D MA200 we will buy the breakout and target the 0.786 Fibonacci level, just under R2 (TP = 2.79500). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:OPUSDLong
by InvestingScope
1
OPUSDT UpdateBINANCE:OPUSDT current situation is as follows: OP is currently in a neutral position. In my previous post, I correctly predicted a 40% growth and a 20% price drop for this currency. However, the price is now caught between strong support and resistance, and I don't want to take any trades in between. But where and when should we enter a short or long position? I'm waiting for one of these two scenarios to occur. Either the resistance line breaks with strength and the daily candle closes above the resistance level with a significant gap, and then I wait for a retest, or the same conditions occur for the support line. Apart from these two scenarios, I have no intention of entering a position because I don't want to get stuck in this range, and I want to catch the larger waves. ⚠️ "Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help." Don't forget to like and comment
by Madoir
OPUSDT Long idea"After a 70% drop, the price has entered an important area. It is an area with high liquidity, which is important both psychologically and technically. It is also the $1 region, which is also the 0.786 Fibonacci support level. The importance of this area can be understood from the duration of past price interactions and the number of touches it has experienced. The 0.786 Fibonacci support level can be considered one of the most significant support points for reversing the market trend, according to many analysts. However, the loss of this support can lead to further price decline. But don't forget that we also have a static resistance line and a trend resistance line, both placed at $1.20. Personally, I want to enter a long position at the green box because I know that if this move begins, we will have a major pump ahead." ⚠️"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help."
Long
by Madoir
7
Need to see support near 1.343 for short-term trend reversalHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (OPUSDT chart) Looking at the 1M chart, It can be seen that the 1.129 point is an important volume profile section. Looking at the 1W chart, We touched the 0.919 point, which is the volume profile section. Therefore, it is important to keep the price in the 0.919-1.129 zone or higher. I have touched all the important support and resistance sections that I have been talking about before. It touched the 0.919-1.129 section, which is the current 3rd section, and rose. In addition, since the HA-Low and HA-High indicators on the 1D chart were created below 1.343, if the price is maintained above 1.343, it is expected to rise to the 2nd interval around 1.828-2.045. Since the HA-Low indicator of the 1W chart has not yet been created, it is recommended to use the HA-Low and HA-High indicators of the 1D chart to increase the number of coins (tokens) corresponding to the profit. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
1
Will the Optimism update help OPUSDT price accelerate?Last week, there was a very important update for Layer2 of the Optimism Bedrock network. Key points of the optimization: Commission reduction by more than 50%+. Time for depositing funds has been reduced from 10 to ~3 minutes due to the "fee market" model, which helps to prevent DoS attacks. Improved Node/ performance, reducing node synchronization time by 50 times. Reduced fees make Optimism Mainnet the cheapest Ethereum L2 for token exchange. The Optimism team is actively working on the project's development, building a very strong ecosystem, and seems to believe in the prospects of their brainchild. But so far, all these updates have not had much of an impact on the OPUSDT price. Looking at the chart, we can assume that the growth of the Optimism token price to a strong liquidity zone of $1.47-1.50 in the coming days is a very positive scenario. Let's see, if the crypto market participants are interested in Optimism, to push the Op price up in the future, and the number of likes and comments under this idea will be a good "litmus test". _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
24