OPUSDT.P trade ideas
OPUSDT.PHello Trader BINANCE:OPUSDT.P
see the critical area after I line and breakdown to go down, and the small time frame area is also experiencing validation for the head and shoulders.
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Disclamer: Not Financial Advice
OP/USDT: Waiting for breakoutBINANCE:OPUSDT has broken out of its major resistance and is currently waiting for another resistance breakout. We can expect this breakout to happen within the next 2-6 days. 📈 This breakout is crucial for our LONG trade entry.
Our trade setup is planned for a LONG entry after a confirmed breakout.
Entry Price: 2.0 - 2.1
StopLoss: 1.7
Target Prices:
TP1: 2.25
TP2: 2.5
TP3: 2.8
TP4: 3.2
Wait for our confirmation before entering the trade. Please like and share your thoughts in the comments. It keeps us motivated to share more trade ideas.
Cheers,
GreenCrypto 🌿🌿🌿
Op/USDT SK System AnalysisDescription:
In this analysis, we'll be looking at the Op/USDT pair using the SK System.
Key Points:
Point B as a Reversal Signal: Point B is identified as an ideal reversal point according to the SK System, signaling a potential shift in the market dynamics. The retracement at this point is approximately 0.669%.
Validation of the Second Condition: The second condition of the SK System has been met, with Point C surpassing Point A. This confirms a corrective wave (bc) on the 0.669% level, indicating a strong buying opportunity.
Trading Opportunity: This analysis suggests a favorable buying opportunity Target around 1.9, considering the completion of the corrective wave. It is recommended to set a tight stop loss just below 1.82 to manage risk effectively.
Trade Strategy:
Entry: entry around 1.853.
Stop Loss: Set a tight stop loss just below 1.82 to mitigate potential losses.
Profit Target: Aim for profit-taking as the price progresses, adjusting based on further market developments.
Risk Management:
Always use risk management strategies, such as setting stop losses, to protect your investment.
Stay updated with market movements and adjust your strategy accordingly.
Disclaimer:
This analysis is for educational purposes only and should not be considered financial advice. Always conduct your research and consult with financial professionals before making any investment decisions.
#OP/USDT is forming the Bearish Cypher Pattern in 1-Hour TF!#OP/USDT is forming the Bearish Cypher Pattern in 1-Hour TF!
Expecting a rejection from bearish order block on $OP. The major resistance level is PWH $1.9275. The major support level of #OPUSDT is PWL $$1.6035.
OPUSDTmy entry on this trade idea is taken from a point of interest below an inducement.. I extended my stoploss area to cover for the whole swing as price can target the liquidity there before going as i anticipate.. same idea Ive always been using.. just a trade idea, not financial advise
buyIn my opinion, the OP currency can have a positive movement from the specified area. In the case of the second encounter, you can enter into the purchase transaction with personal confirmation
OPUSDTmy entry on this trade idea is taken from a point of interest BELOW an inducement.. I extended my stoploss area to cover for the whole swing as price can target the liquidity there before going as i anticipate.. just a trade idea, not financial advise
opIf it reacts to the range of green lines and moves up with full power, it can touch the red numbers
OPUSDT - Bullish TrendOPUSDT.P is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
Optimism another Matic in the making?Optimism is one of those altcoins that I have been carefully watching for a while along with TWT that has recently broken out of a triangle. OP chart very much reminds me of Matic before breaking the triangle after almost 650 days of consolidation; so I decided to share my thoughts hoping we all make some money if it follows the footsteps of Matic.
- Usually when the coins are first released we see a strong move up or in some cases down(if the market decides price is too high at the time of ICO) followed by a period of consolidation. This consolidation sometimes forms a triangle that if broken will take off like a rocket.
- Major 1st wave together with 2nd wave followed by the minor 1st and 2nd waves of the major 3rd wave form a triangle that may take months if not years to complete. Take a look at XRP and Matic; It took XRP much longer to break out of the consolidation triangle while it took Matic roughly 650 days to take off. Recently TWT broke out after almost 650 days that is vey similar to Matic and will probably skyrocket.
- The following analysis is based on the assumption that OP mimics Matic.
- OP is about to break out of an already formed triangle (the green line and channel lower-line).
- At the time of publishing this idea OP has already consolidated for almost 200 days that if compared with Matic it seems we have to wait more even after breaking the already formed triangle
- Therefore I assume after breaking above the green line, OP has to deal with the red line to form a larger triangle before a major move to the upside.
- Unlike Matic that started with a strong move up, OP started with a strong move down after initial release; so the market decided the ATH price at the time of ICO is the end of major wave (I) .
- The orange rectangles are the targets derived from confluence zones of Fib-retracement and Fib-extension. Approximately the targets are $3.7, $21 and $70
- I can imagine the price action unfold according to the yellow path which depicts the 5 minor waves of the major 3rd wave.
- I am expecting OP to complete major 3rd wave by touching the channel upper-line twice.
- The channel is drawn in a way that its median line passes through top of the major wave (I); Similar to that of Matic where the median line passes through top of major wave (I) and its major 3rd wave touches top of the channel. The channel lower line is obviously based on price action.
Long OPOP had formed a double bottom and is breaking the neckline.
The pair OP/BTC is also breaking its trendline.
As a result, a proposed set-up is in chart.
OP/BTC pair:
Disclaimer:
This analysis is based on my personnal views and is not a financial advice. Risk is under your control.
longing to flyThis currency is placed in a support range and the possibility of a growth up to the resistance range is not far from expected.
In the daily time, a corner pattern has been formed for this currency, but it has not yet been completed. If it is completed, we can have a safe entry.
The support and resistance ranges for this currency are clear in the chart. For friends who are risk takers, we have considered a long position that they can enter into the transaction accordingly.
Optimistic OPHi mates, Sharing an trade idea for OPUSDT as we can see after getting a bounce from support now facing resistance for retracement, so i want to go for a long side retracement trade if it will break resistance and close above targets shared on chart. Traget are based on resistances.
One can use own time frame (smaller) for closing or activation of this trade for tracking this idea.
This is not and trade or investment advice. This idea is meant for learning only.
Best Regards happy trading- Amit
Optimism(OP) looks pesstimistic Hello, Skyrex friends!
While Bitcoin is trying to follow our scenario, it's time to consider altcoins. Optimism looks worse than other altcoins and it can go much lower under the trendline.
Elliott waves analsys shows us that wave 4 could be already finished. Of current candle will be closed as a bearish reversal, it is gonna enhance our bearish outlook.
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💡Trade Idea #OP/USDT:Not a popular idea at this moment, because everyone is longing. But there is a huge imbalance in the market between longs/shorts. I wanna see another NUKE soon. Still a lot of days till the next #Bitcoin halving. Just loading my bags.
OP to $2 RESISTANCE LEVEL Following the big boys pumps to all alternative now OP is on the same move and we may likely see price cross the $2 mark point
SasanSeifi 💁♂ OP ⏩ 1.70$ / 1.90$In the medium term, the expectation we can have is that the price may be able to grow towards the range of 1.70 to 1.90. 📈🚀The important support ranges are at 1.40 and 1.30.
🟢 Keep in mind that these are just scenarios, and it's important to conduct your own analysis and consider other factors before making any trading decisions 😊📈📉
❌ (DYOR)
⭕Of course, if you have any more inquiries or require further clarification, don't hesitate to reach out. I'm here to assist you!
🔹If you found this analysis helpful, please show your support by liking and commenting. Thank you! 🚀😊 🙌
OPUSDT.PI would like to evaluate the breakout of the downtrend in the OP. A transaction worth R 2.60.
OP: Falling Wedge BreakoutTrade setup : Bullish breakout from Falling Wedge pattern, which was confirmed with break above $1.50 resistance and 200-day moving average, and signals a bullish trend reversal to an Uptrend. Price could revisit $1.80 resistance next. This Layer-2 protocol has benefited from the launch of Worldcoin (WLD) and Base layer-2 network, which are based on Optimism protocol.
Patterns : Falling Wedge Usually results in a bullish breakout. When price breaks the upper trend line the price is expected to trend higher. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout and then place a BUY order.
Trend : Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis.
Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening.
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
OP - Standing at the gates of ViennaOP is at the door of resistance with all its lines. It has made moves many times, but no breakthrough has occurred yet. Let's see if there will be a 4h close on it.
