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OPUSDT

op idea"🌟 Welcome to Golden Candle! 🌟 We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎 Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫 Instead, they reflect our own 💭 personal attitudes and thoughts. 💭 Follow along and 📚 learn 📚 from our analyses! 📊💡"
by Golden_candle
TradeCityPro | OPUSDT Analysis Prepare Your Bullish Triggers!👋 Welcome to TradeCityPro Channel! Let’s dive into the market and analyze OPUSDT, focusing on a detailed breakdown of its structure. Remember, those who stay calm and manage their emotions during market corrections are the ones who profit big in the bull run. 🌍 Market Overview As always, we start with Bitcoin. Currently, it’s undergoing a minor pullback with hourly red candles and good volume. However, this is a positive development as it signals a potential pullback in Bitcoin dominance, possibly forming a lower high on the daily timeframe—a bullish indicator for altcoins. Currently, Bitcoin is fluctuating around the 94,660 support. If this level is broken and Bitcoin moves toward 91,000 with a rising dominance, altcoins could see another 20-30% drop. 🕒 Weekly Time Frame OP is a relatively new coin, part of the Layer 2 category, and hasn’t experienced a bull run yet. The weekly candle shows a strong rejection at 2.688, making it a better resistance level than the previous 3.016. This rejection also enhances the significance of the 2.688 entry point. Additionally, there’s a hidden trendline that has acted as support in the past, and after breaking it, the price pulled back. It has rejected this level again, suggesting potential future significance. For safer entries, wait for support confirmation on lower timeframes or a breakout above 2.688. If you already bought at the 1.93 breakout, hold your position and remain patient. 📊 Daily Time Frame On the daily chart, after breaking out of the accumulation box between 1.324 and 1.833, the price moved the size of the box to reach its first target (R:R 1). From there, it faced a heavy rejection. pullback to the 1.833 support seems logical as this level aligns with the 50% Fibonacci retracement and Dow Theory principles. Confirmation on lower timeframes could signal a bullish reversal. For now, wait for the downward momentum to fade before planning new entries. If the market moves sharply upward, this could introduce strong bullish momentum, allowing for higher-risk entries. 🕒 4-Hour Time Frame On the 4-hour chart, the coin broke a rising trendline, leading to a drop. I personally didn’t open any short positions, nor would I recommend them in this context. If 2.049 support is broken and Bitcoin dominance rises, the price could drop further to 1.833. Decision-making at that level will be key. 📈 Long Position Trigger if the price ranges between 2.049 and 2.283 and starts gaining bullish momentum, a breakout above 2.283 with increasing volume would offer an early entry opportunity. 📉 Short Position Trigger while breaking 2.049 might seem like a trigger, I still don’t recommend it. If you choose to short, watch the RSI, which is deeply oversold. 💡 BTC Pair Insight In the current conditions, the Bitcoin pair (OPBTC) might not hold much significance. Coins that have either not dropped much or completed healthy corrections with declining bearish momentum are more favorable. For OPBTC, the key trigger would be a breakout above 0.00002975, which could signal the start of its upward move in a bullish market. 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
6
Weekly Crypto Facts: What to expect next?Hello traders and investors! Last week saw several interesting developments in crypto assets that may influence the situation in the coming days. BTC : The breakout impulse from the range on the weekly timeframe continues. This marks the fourth weekly consecutive bullish candle, with declining volume (!) compared to the previous three. This could indicate a lack of interest from both buyers and sellers at these price levels. We might see a consolidation period. A similar situation occurred recently on the daily timeframe, where consolidation lasted for six days before a new buying impulse formed (see the post from November 15). Note that the key candle for the breakout is now from November 11. DOT : The price formed a buyer's impulse on the weekly timeframe, surpassing 6.611 (the starting level of the last seller's impulse on the weekly chart). The volume and spread of the weekly candle are impressive. It’s possible that the price may rise further without a correction. If there is a pullback to 7.775–8 and the buyer resumes, it could present a buying opportunity. OP : The price broke out above the range’s upper boundary on the weekly timeframe (1.989). The weekly candle’s volume and spread are impressive. On the daily chart, the price has been consolidating above 1.989 for three days. We are watching for the price’s reaction to 1.989—whether the buyer will defend the breakout from the range. The key candle of the last buying impulse on the daily chart from November 21 crosses 1.989. If the seller pushes the price back into the range and defends this return (at 1.989), it could be an opportunity to look for short positions. SOL : The price updated its all-time high at 259.9. The weekly candle’s volume is declining, which may indicate a lack of interest from both buyers and sellers at these levels. A consolidation period could be ahead. We will assess the seller's reaction by the end of this week. TON : Factors have emerged favoring the realization of the buyer’s vector within the range on the weekly timeframe, with a target of 7.260. Good luck with your trading and investments!
by AlexeyWolf
Optimisim Swing Long Idea - OP COIN LONGPrice has run the monthly liquidity, creating upward momentum and breaking the weekly bearish trend. Recently, we broke the bearish trendline that had been driving the bearish movement since Spring 2024. The price closed above the trendline, retested it, and then rejected strongly. Currently, the price is moving impulsively upward as ETH gains bullish momentum. I’ll be looking to open long positions within the weekly demand zone marked on the chart. I don’t expect another retest of the trendline, as we’ve already retested it and seen a solid rejection. I’ll seek LTF confirmations before engaging with the price. Stop-loss: Daily close below $1.27 Target 1: $3.04 Target 2: $4.05
Long
by UA_CAPITAL
4
#OP double bottom structure 📊#OP double bottom structure 🚀 🧠From a structural perspective, we have a bullish double bottom structure constructed within the daily level buy zone, and therefore we are about to start a new uptrend. ➡️At present, we have reached the staged resistance zone, and it is reasonable to fall back after being blocked, so we have also made simultaneous reductions here. The neckline support zone below will be an area worthy of our attention, if such a callback occurs. . Let’s see 👀 🤜If you like my analysis, please like 💖and share it💬 💕 Follow me so you don't miss out on any signals and analyze 💯 BITGET:OPUSDT
Long
by wolf_king888
SasanSeifi| Bullish Trend Building as $1.90 Holds!Hey there, ✌ In the daily time frame, as you can see, the price of BINANCE:OPUSDT has been oscillating with a slight increase after holding the $1 level for a relatively long period. After an initial rise and hitting a supply zone, the price has returned to the demand zone around $1 and, after reaching this level, we have witnessed another slight increase. Currently, as shown in the chart, the long-term downward trendline has been broken in the daily time frame, and the price is moving toward the $2 level. This break in the downtrend could indicate a potential trend reversal and the beginning of a new upward movement. Considering the overall market conditions and existing demand, the likelihood of continued price growth in the short and medium term has increased. One scenario we can consider is that if the price stabilizes above the supply zone, which is currently near the $1.90 level, we can expect OP to move toward higher levels. In this case, mid-term and long-term price targets could range from $2.20, $2.50, to even $3. The key support zone on the daily time frame for OP is at the $1.50 level. 💢 Please remember that this is just my personal viewpoint and should not be taken as investment advice. I’d love to hear your thoughts and share opinions! Happy trading!✌😎 Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌
Long
by SasanSeifi
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 notoriousbids
2
Optimism (OP) Optimism is a layer two blockchain on top of Ethereum. Optimism benefits from the security of the Ethereum mainnet and helps scale the Ethereum ecosystem by using optimistic rollups. That means transactions are trustlessly recorded on Optimism but ultimately secured on Ethereum.Optimism is one of the biggest scaling solutions for Ethereum with over $300 million in TVL. Optimism price today is $1.23 with a 24 hour trading volume of 270 million dollars, OP price is up 15% in the last 24 hours after a little correction OP can hit 1.3 and 1.5 did you manage to buy OP at 0.8$?
by moonypto
15