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OP / TetherUS PERPETUAL CONTRACT

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OPUSDT.P trade ideas

#OP : A +120% Profits Opportunity in the Mid Term.#OP is looking in a bullish move in every sentiment flowing with the favor of the bulls currently. I will be back for more detailed info on the overall project but for now just want you to see the possibility of a long position at around $1.03. Mid term target will be at least at around $2.2 -SMA 20 needs to flip above the longer timeframe SMA's. -MACD looking bullish. -RSI looking bullish. -Even though a little bit more energy on volume is needed it looks great on the 4H and 1D chart. - Both symmetric and fallng wedge triangles do already formed by which the falling wedge break is the more bullish lookout in current circumstances. DYOR before making any investments on any asset and this is not a financial advice and do your own research before reaching out for your pockets to invest. CTE
Long
by cryptotalk_et
9
OPUSDT BATBat The Bat Pattern is a 5-point retracement structure that was discovered by Scott Carney in 2001. It has specific Fibonacci measurements for each point within its structure and it is important to note that D is not a point, but rather a zone in which price is likely to reverse, called the Potential Reversal Zone (PRZ). The B point retracement of the primary XA leg must be less than a 0.618, preferably a 0.50 or 0.382 and the PRZ consists of 3 converging harmonic levels: 1) 0.886 retracement of the primary XA leg, 2) extended AB=CD pattern, usually 1.27 AB=CD and 3) minimum BC projection is 1.618. The first target would be the 382 retracement of AD and the second target the 618 retracement of AD. A common stop level would be behind the X-point. Conservative traders may look for additional confirmation. Bat Patterns can be bearish and bullish. TradingView has a smart XABCD Pattern drawing tool that allows users to visually identify 5-point reversal structures on a chart. Likes and comments if you have questions! 🍌 Thanks!
by UnknownUnicorn38199698
2
$OP - Ranging inside the Symmetrical TriangleHello my Fellow TraderZ, #Optimism $OP is looking on the 4 HTF. Price has been ranging inside the Symmetrical Triangle for 2 months and I'm soon expecting a breakout. I'm kind a bias towards #Bulls only if wee breakout of the Upper TL. But still if you wish to trade then $0.96-1.15 would be a good trading range for quick gains. Buy zone (yellow circle) is around EMA 50 & 200 and perhaps wee would see bullish cross. Happy Trading. CHEERS!!!
Long
by TRADER-GOKU
2
OPUSDT - Who is in control? Look at the pitchfork - Not the wedgAs I look at the OP chart, it is hard to ignore the massive wedge that is forming but I ask you to take another look at the formation. Zoom out and lets not forget that the move leading into November 5, 2022 was a rejection at the 61.8 internal retracement level. This type of rejection, which is one of my favorite trades to take, has a target at the -23.6% extension. This would target around 47 cents. I know that sounds ridiculous as it is about half of where we are at today. Lets take a look at the pitchfork that I've placed on this chart. If you're not familiar with pitchforks, you simply use the pivot points from the high, to the low and rebound to that 61.8% rejection I spoke of in the previous paragraph. Notice how the upper trendline of the pitchfork aligns perfectly with the "wedge" that everyone is focusing on. Now that we're focusing on the pitchfork, lets also not forget that trendlines do matter and we broke through one on December 16, and only a couple days later, retested it perfectly. By my estimation, OP has potential to go up to about 99 cents to 1 dollar and will see a rejection from there. Likely going into the end of next week. I certainly wouldn't be looking for longs yet, though. Unless OP breaks out of this range, I will only be looking for shorts. Why shorts when I think it'll go up, you ask? Because you'd be gambling. Think like the "whale" that sold at $1.38 that caused the price, within only a couple days, go drop from 1.38 down to 76 cents. Whoever controlled the OP market that much said "ok, I'm done" and the only way they'll inject capital back into this is if one of two things happens: 1. The price drops enough where it's worth it for them to re-accumulate 2. Another player takes an interest and marks up the price beyond the downtrend line that has formed. Back in 2017, after XVG pushed up to 2000 sats and saw a swift pullback to 800 sats. I happened to know a group of players that controlled the XVG market and they told me they wouldn't touch XVG unless it went back above 1500 sats. When I questioned them, they stated simply that they were out and weren't looking to get back in unless there was a continued retail frenzy which looked to be drying up, evidenced by the lack of volume. Speaking of volume, have you looked at the volume on OP since November 10th? It's basically insignificant. This is key. I believe OP will see roughly 64 cents by mid-January and I'd be interested in taking a bite there. If it fails, we will see 47 cents.
Short
by bitdoctor
5