OP on the riseWe have a bullish Scenario in OP. OP has woken up after a long time. Targets on the chart DYOR
OPUSDT trade ideas
OPUSDT Elliott Waves AnalysisHello friends.
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Everything on the chart.
Target zone: 2.1 - 2.2
after first target reached move ur stop to breakeven
Stop: (depending of ur risk). ALWAYS follow ur RM .
risk is justified
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
OPUSDT its what im looking forcan drop more from this area... lets see
also in daily and weekly chart you can see bearish flag broken down...
OP target 2.414h time frame
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OP created a double bottom and retested with a triangle structure. OP is still consolidating in this triangle, which could be a potential continuation structure and help us to set up a trading plan. Target will be estimated from double bottom and the triangle.
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TP: 2.41
SL: 1.523
OPUSDT -EPIC ALTseason LONG SETUP +230%Hi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
This time of the market is THE BEST time to fill up those bags and accumulate. I have been looking at altcoins that are currently trading underneath their first ATH. These alts make excellent trades in terms of low risk and high reward setups. (Check out our page for the other alts).
In today's analysis, another sleeping giant to keep your eye on - OPUSDT. I am extremely bullish on these alts as they have great upside potential for the next bull cycle.
Remember to hit 👍 and follow if you love money !
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My levels for $OPHere are my levels, did a very good long from the red support level. I'll keep watching these in hopes of possibly seeing another bounce from one of them.
OPUSDT - Change Of Character and Break of structure. Up we go!Choch!!!! ✨
I will long now and with limit order I will long more if pullback.
Nothing fancy super technical analysis. Just basic short term trend came to an era and top trend level broke. Setup was already very nice because there was already change in structure. New we continue BULLLLRUNNN! :D BTC is also in good form so hype is real. 🎬We are close to that moment when newspapers start to react again. 🎬
My stop loss is too tight as always. Don't do it like I do. Give more space because it is possible that we need more liquidation from below. But I am an gambling idiot so I do it like that.
I may even raise my take profit level as high as 2,75.
🎭 Change of Character (ChoCh): Unmasking the Drama in Trading!
In the thrilling world of trading, imagine "Change of Character" (ChoCh) as the plot twist that keeps traders on the edge of their seats. 🍿✨ This nifty concept isn't just a shift in market dynamics; it's the showstopper signaling potential reversals. 🎬📉
🌟 ChoCh Unveiled:
ChoCh, our trading superhero, swoops in to signify the initial shift in order flow. It's like the plot twist that hints at a potential market trend reversal. 🦸♂️💨
🔮 Bullish and Bearish Adventures:
Whether the market is on a bullish joyride or a bearish rollercoaster, ChoCh is there, catching the subtle cues when a demand or supply zone takes an unexpected turn. It's like the "aha" moment before a plot twist in your favorite movie! 🚀🎢
💡 Fractal Fun:
ChoCh is like a shape-shifter; it appears on any instrument and timeframe. It's the chameleon of trading, adapting to the big picture on higher timeframes and the nitty-gritty details on lower timeframes. 🔄🎨
🌪️ Break of Structure (BoS): Navigating Trading Turbulence!
Now, imagine BoS as the turbulence that shakes things up in the trading sky. It's like hitting a pothole when you least expect it – a bumpy but telling ride! 🌩️🛫
🚧 BoS Construction Zone:
BoS occurs when the market structure hits a roadblock. Picture it as a construction zone where the previous trend hits a detour. It's the trading GPS saying, "Recalculating route – potential trend shift ahead!" 🚧🗺️
🤹♂️ Juggling Trends with BoS:
BoS is the master juggler, handling the highs and lows of market structure. It's like a trading circus where BoS keeps the trend balls in the air, making sure traders don't drop the ball on potential opportunities! 🤹♂️🎪
🧠 Conclusion:
In the theater of trading, ChoCh and BoS are the dynamic duo, weaving a narrative of trend shifts and market twists. So, buckle up, traders! It's not just numbers; it's the storyline of ChoCh and the plot twists of BoS that make trading a thrilling adventure. Happy trading, and may the trends be ever in your favor! 🚀📈
OP Ready For Another Rip?Looking at the daily wave trend oscillator and the money flow it appears OP is ready or getting close for another potential move to the upside.
Current trading plan is to hold a long position to 2.25 area.
Price has pulled back slightly less than 50% indicating that either buyers are extremely bullish OR there is just a little more down side.
Either way price action is indicating a likely continuation and on larger moves to the upside chasing prices for the lowest possible entries typically leads to missing the boat.
As such I am long from the current price.
Trade Well........
Keeping an eye on #OP/USDT Diagonal Trendline in 4-Hour TF!Keeping an eye on #OP/USDT Diagonal Trendline in 4-Hour TF!
NASDAQ:OP needs to clear the Trendline to gain the bullish momentum. #OPUSDT breaks the PDH $1.6985 resistance level, and the local support level is PDL $1.6475.
Wait for BO and retest to open a long position.
Missed a beautiful shortHope anyone got this one. Broke below my level and continued to slump even more. Sadly I forgot my devices today. Gg's though.
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.
