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OPUSDT

OP/USDT Downward Momentum ??? Optimism Today AnalysisHello Paradisers, spotlight on this token! 💎 OP bounced after touching the Bullish OB zone and managed to close above the support trendline of its bearish flag. 💎There's potential for OP to rise, possibly to test the supply zone, before a subsequent decline. The anticipated downward movement might lead OP to revisit the previous wick area, which is closely aligned with a robust demand zone. This area could witness significant buying activity if OP reaches it. 💎For those considering short positions, the supply zones between 1.52 - 1.6 could be ideal, with a stop loss set above the recent high. It's worth noting that on 28th August, there's a token unlock event for OP. Historically, prices tend to rise leading up to such events, only to experience a drop on an actual day. 💎This makes it highly plausible for OP to touch the accumulation buy zone post-unlock.
by MyCryptoParadise_Nathan
SHIB Giving Powerful Alert on Macro ! Like many other asset prices in crypto Shib has been forming a baseline for a while This is a powerful structure that can create fierce movement either way. Look to bitcoin in 2018. Bitcoin did fall there then by roughly 50%. Value cut in half. This is potentially in play for many assets forming a baseline. If the trend stays green then the move out of this can be up with strength A move out of the base structure can be very volatile.We are looking in terms of this recent alert for price to stay above trendline less we need to exit position from fear of trend turning against us.. quickly. When moves fail they can fail fast Becareful in holding positions that are going against you when in such a base. These base breakouts or breakdowns can be very rapid. For certain strategies we want to ride the trend. There are other strategies We try build tools that suit for different strategies in different situations check out the links provided See you soon GeorgeOnTV
Long
by SoftQuant
7
OP: Channel UpTrade setup : Trading in a Channel Up pattern. Trends are improving. We wait for a breakout, ideally with confirmation when price breaks above $1.80 resistance and 200-day Moving Average (~$1.97). Benefiting from the launch of Worldcoin (WLD), which is based on Optimism protocol. Pattern : Price is trading in a Channel Up pattern. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Trend : Uptrend on Medium-Term basis and Downtrend on Short- and Long-Term basis. Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral). Support and Resistance : Nearest Support Zone is $1.50 (previous resistance), then $1.20. The nearest Resistance Zone is $1.80, then $2.80
Long
by altFINS
1
OP: Channel DownTrade setup : Benefiting from the launch of Worldcoin (WLD), which is based on Optimism protocol. Trends are mixed but improving as the price bounced from $0.90 and broke back above a couple of key levels ($1.20, $1.50). Overall, it’s trading in a Channel Down pattern and we’re waiting for a breakout, ideally above 200-day Moving Average (~$1.95) that would confirm a trend reversal to Uptrend, with potential upside to $2.80 thereafter. Pattern : Price is trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Trend : Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis. Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $1.50 (previous resistance), then $1.20. The nearest Resistance Zone is $1.80, then $2.80
Long
by altFINS
1.828-2.045 is the support and resistance rangehello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (OPUSDT chart) Among the coins (tokens) that are expanding the coin ecosystem introduced previously, it is the only coin (token) that is showing an upward trend. (1M chart) Very little can be learned from the 1M charts as the charts have not yet been properly created. However, you can see that the Heikin Ashi candle has turned into a bullish sign. (1W chart) It is a matter of being able to keep the price above the MS-Signal indicator. If not, you should check if the price holds above 1.442. The 1.442 point corresponds to the HA-Low indicator point, so if you bought around this area, the first selling section is around the HA-High indicator. Therefore, the HA-High indicator is currently created at the 2.498 point, so there is a possibility of a rise up to around 2.498. However, it is likely that a new HA-High indicator will be created as the real price rises. If the HA-High indicator is newly created, the area around it corresponds to the first selling zone. (1D chart) I think there are three major sections of support and resistance. 1st: 2.498-2.932 2nd: 1.828-2.045 3rd: 0.919-1.129 Currently touching the 3rd section and ascending to the 2nd section. Therefore, if you bought in the 3rd segment, the 2nd segment corresponds to the selling segment. If not, it is possible to buy when support is confirmed in the 2nd section and sell in the 3rd section. OP belongs to the category that is expanding the coin ecosystem, but corresponds to a coin (token) that has just been created. Therefore, in order to trade over the medium term, it is necessary to increase the number of coins (tokens) corresponding to profit. You need to be careful because buying at a blind and low price and waiting unconditionally for the price to rise can tire people out. -------------------------------------------------- ------------------------------------------- ** 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
OP: Channel DownTrade setup : Benefiting from the launch of Worldcoin (WLD) , which is based on Optimism protocol . Trends are mixed but improving as the price bounced from $0.90 and broke back above a couple of key levels ($1.20, $1.50). Overall, it’s trading in a Channel Down pattern and we’re waiting for a breakout, ideally above 200-day Moving Average (~$1.95) that would confirm a trend reversal to Uptrend, with potential upside to $2.80 thereafter. Pattern : Price is trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Trend : Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis. Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $1.20, then $0.90. The nearest Resistance Zone is $1.50, which it broke, then $1.80, and $2.80
Long
by altFINS
1
Optimism OP price responds well to the work of the teamToday, let's take a look at the OPUSDT price chart Given that the previous idea worked out well with a 30% increase, we can try to "guess" again) By the way, in the previous idea, we described the main upgrade features implemented by the Optimism team. Today, the next Optimism (OP) network upgrade will take place, the main task of which will be to reduce the average transaction inclusion delay from 2-4 seconds to 0-2 seconds. Also, today we announced a "fresh indicator" U.S. CPI (YoY): 3.0% (forecast 3.1%, previous value 4.0%) So all the fundamental conditions for growth are in place, now it's up to the market) Let's assume that the next target for the OPUSDT price will be a breakout of $1.50 and continued growth to $1.75 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
26
Spotlight on OPUSDT: Unveiling the Path to a 36% Price Increase💎 The overall #OPUSDT trend remains bearish, as the price continues to trade within a descending channel. However, there are some intriguing developments that warrant our attention. 💎 Currently, there are indications of a potential formation of a Bullish Flag pattern, which could lead to a significant price increase of 36% if it materializes. The target for this pattern aligns with the 38.2% Fibonacci retracement level and coincides with the top of the descending channel. This convergence of targets adds to the likelihood of an upside move in the future. 💎 💎 Adding further support to the probability of an upward movement, #OP has approached a significant zone characterized by previous supply and current demand. This zone often attracts buyers who are actively seeking opportunities. If the price manages to remain above the current support level, we anticipate a potential price increase ranging from 30% to 40% in the coming days. 💎 Despite these potential positive developments, the long-term bearish trend remains intact, and a breakout below the support level could reverse the scenario. Stay vigilant, Paradisers, and make informed trading decisions! Your ParadiseTeam 🌴
Long
by MyCryptoParadise
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
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