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OP / TetherUS PERPETUAL CONTRACT

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OPUSDT.P trade ideas

OPUSDT 4HOn the 4-hour chart, the OP is currently at the median of the Keltner channel, incursing towards the lower edge, we also see this symmetrical triangle pattern that is reaching an end point, where we expect the price to show an upward movement from from there. ApeCoin is the utility token for the Bored Ape Yacht Club (BAYC) community. ApeCoin launched its betting feature consisting of four betting pools, and APE holders wagered nearly $32 million in the first two days. Here are the supports and resistances: S: 0.898 / 0.864 R:0,964 / 0,987 / 1,014
Long
by ferulianov
1
OP/USDT We expect a bullish movement! Hey, guys ✌️ Last one for today is going to be OP token. Well on 4hr chart we see that symmetrical triangle pattern which is getting to a finishing point where we expect the price to show a bullish movement from there. Any thought here on this token guys? If you like ideas provided by our team you can show us your support by liking and commenting. Yours Sincerely, Swallow Team 🔱 Disclamer: We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
Long
by SwallowPremium
18
OP must hold .73c or .30c Past repeats the Present READ!!Not financial advice. We have a clear double topping pattern here on OP first at it's high then again at 1.50. Following this metric and double top rejections I can't overstate how important holding the .73c level is. If we lose that level on a daily close. I'd look for entry at .30c But the good news is we have a 400-500 move once it bottoms. OP is doing the same patterns as SOL and AVAX did when it got listed on Exchanges. It's performing the same moves as layer 1 and later 2 protocols from before. So to get a good idea of price movement just looks at AVAX and Sol from it's beginning. Remember DYOR and always practice PIK Patience is Key and to TLAW Think Like A Whale
Short
by ThinkLikeaWhaleTLAW
2
OPUSDT reaching apex of wedge - Big move soon!There are a few things to discuss on this OPUSDT chart and they all revolve around the huge wedge we are currently in. Multiple tests of lower diagonal - We've tested the lower trendline of this wedge about 7 times already. A breakdown of this structure would indicate buyers have lost control and sellers are taking over. Fewer tests of upper diagonal - The price action between August and mid-October took the price down far enough that the lower diagonal was tested more times than the upper, which has only been tested 3 times so far. This is a sign that buyers do not have strength. 61.8% Internal Retracement rejection - We rejected a key level at the beginning ov November and the fib levels at the 38.2 / 50 continue to be important ever since. Most recently testing the 50% retracement just a few days ago. Most recent volume is bearish - Most recently, on the spike to ~1.20, the volume was bearish with the highest amount of recent volume being at the top but the price didn't break out. This is a key indication that the buyers are still not in control. Key moving averages about to cross - The 55/100EMAs are about to cross bearish. Beware for a mean reversion into the 55/100EMAs before sellers take over. Important: There is no trade right now. When you trade a wedge, you shouldn't try and guess what will happen, but wait for confirmation. If this breaks up, the target is close to $6.00 and it's still entirely possible we will hit that target even if we break down , but it'll just take longer to get there and there may be significant downside before then.
Short
by bitdoctor