OPUSDT
OPUSDT Elliott Waves AnalysisHello friends.
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Everything on the chart.
Entry: market and higher
Target/ Reversal zone: 0.8 - 0.6
after first target reached move ur stop to breakeven
Stop: (depending of ur risk). ALWAYS follow ur RM .
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions
Be patient, dawn is nearThis currency has a falling trend in daily time and recently we saw the fall of this currency after encountering a downward trend.
But on the other hand, in the last 100 days, it has not had a floor lower than the previous one, so there is hope for growth in this currency.
As you can see, the support and resistance ranges for this currency have been determined and the possibility of growth for this currency is stronger.
Therefore, as long as it is above the support range that we have identified, I consider the growth stronger.
If you want to introduce your currencies so that I can analyze them for you, I will be happy to share my opinion about your currencies and exchange ideas.
Also, I will be happy if you follow me and I will get energy to continue.
Buying Optimism - Target 1.58Traders,
Optimism with the triangle breakout and retest is a solid entry rn. Additionally, there is some hidden bullish divergence occurring on the RSI!
Entry = 1.34
Target = 1.58
SL = 1.25
r/r = 3
Not fin advice. Just showing you all what I am currently playing.
Best,
Stew
OP/USDT is Gearing Up for Remarkable Shift? Op today analysis🚀💎 Paradisers! Brace yourselves as we've spotted #OPUSDT positioning itself for a spectacular move! It's currently navigating through a descending channel, setting the stage for a potential upward breakout.
💎 A few days ago, our observations pinpointed that after testing the bearish OB, NASDAQ:OP initiated a substantial downward trajectory. After securing liquidity below, it seems to be reinstating its upward momentum.
💎 Presently, it’s maneuvering within a descending channel, and the VRVP is revealing significant volume. This is a strong indication that the price is likely on the brink of embarking on a bullish journey from this point. However, do keep in mind, a breakdown of support could trigger a downward movement.
💎 If trading is on your mind, remember to set a proper stop loss and tread with caution and wisdom!
Stay informed and navigate the crypto waves with precision and insight! 🌴
OPUSDTOPUSDT is trading in descending channel and printing consistent LLs LHs. Recently the price is broken the important support zone and now the retest of the broken level is highly possible, which is also the Fib retracement level.
If the sell momentum continues the next target could be 1.210 region.
What you guys think of this idea.
Compression Zone by Bullish Signal, wait for breakoutChart 4H TF
OP is trading at 1.39x now
BINANCE:OPUSDT has support at 1.36 and lower at 1.32 and resistance by descending trend line
OP is in compression zone and when it's done, massive move will happen.
I think 3 scenarios for this case:
#1
#2
#3
I think some signals support for bullish, so I will wait for a breakout
Wait and see
OP : Good for order Block and SELLToday I will send you some good tokens that react to the ORDERBLOCK and SELL Position!
According to the chart, if you see the entry trigger and the confirmation candle, you can enter the position.
It will be very useful to have a minimum knowledge of technical analysis in the market for better use of these analyses.
In the end, don't forget capital management and compliance with risk to appropriate reward.
Good luck and profitable.
Not so OPtimistic moving forward on OPUSDT. See commentsOP/USDT 1-week: OP is looking weak after the "D" rejection at the upper trendline of this large descending channel. Also notice the inability to cross the 50 level on RSI, highlighted. Fisher descending trendline in effect. A potential bounce to the 1.45-1.60 level should be treated with scrutiny, as the long term picture indicates a prolonged bottoming process that could take us all the way to 0.30-0.35. Fib extension tool confirms this view with 1:618. Crucial support at 0.62 price level and that is the pivot point from Oct '22 as well as 1:1 Fib ext.
For more insight follow PIK at EXMO Study!
OPUSDTOPUSDT is in strong bearish trend and also form bearish rectangle pattern. Recently the instrument has break through important support zone.
Now the price is trading within the rectangle and seems like it getting ready to break it.
Will the sellers took benefits from these bearish confluences?
OP UPDATE (4H)OP is forming a falling triangle from the point of view of the Neo-Wave method.
The red area that I have marked is a confirmed order block that has many orders in it because it has led to a BOS.
The green area is a good place to place the target.
I think there is a good chance for a short position on the OP symbol. Place the stop above the red box, i.e. at the invalidation level
Be sure to do capital and volume management because there is no technical certainty and the review is probable.
Good Signals for Potential LongDaily Chart
BINANCE:OPUSDT is nearby support line
Chart 4H TF
OP is in Discount Zone 786 Re
Chart 1H TF
Good signals for Long Setup
- RSI Divergence
- Confluence of Fibo Clusters 786Re and 1.272 Re
OP has
- Resistance around 1.34
- FVG 1.31
- Lower support around 1.27
Wait a next move
OPUSDTThis is a 1D frame analysis for OPUSDT As you can see, the price is moving in an upward channel and the price dropped slightly after hitting the support line, but was able to re-establish itself above the support line and we can see green candles. We expect the price to remain above the support line while fluctuating towards the resistance line.