OP Bullish Update
This token is 100% bullish as long as we stay above the gray support zone (1.850-1.900).
My primary wave count considers we are in black wave 3, which should test the resistance levels close to 3.000. The breaking of the ascending channel to the upside is also a strong bullish signal.
OPUSDT trade ideas
🔥OP Bulls Try to Return The Price Inside The ChannelOptimism fell by -72% from the highs as many other altcoins did. Now it's consolidating below the channel bottom and the close inside the channel will be a bullish signal.
BTW The closest HUGE support is at $0.9-0.93, if the price will not close inside the channel.
💥The targets are on chart.
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OPUSDT - OPTIMISM IdeaHey Traders.. No Comment!!
BINANCE:OPUSDT
⚠️ Disclaimer: The viewpoints shared represent my individual outlook on the market, based on publicly accessible information and historical data. While a portion of these opinions is influenced by my actual trades, others are not. It's important to note that I am not a financial advisor, and I do not assume any responsibility for the decisions you make in your trading activities.
✅ Feel free to share your inquiries or suggestions in the comments. I am more than willing to assess and analyze any cryptocurrency, forex currency pair, or stock index that piques your interest, so, Please don't hesitate to ask or mention the specific currency chart you'd like me to review.
OP/USDT It required break the pattern to continue Upward!💎 OP has unquestionably captured significant market attention. Presently, OP is contending with the resistance trendline of the descending channel, necessitating a breakthrough to sustain its upward trajectory. The preceding upward movement in OP, following the breakout from the supply area and subsequent retesting phase, exemplifies its impressive performance. However, a failure to breach the descending channel in the near future could prompt a downward movement for OP, retracing to test the demand area at $1.51.
💎 Conversely, if OP successfully breaks out of the pattern without the need for retesting, a notable upward movement is anticipated. This could probability facilitate an effortless reach to our target supply area.
💎 should OP, during the retesting phase at the demand area, falter in maintaining its position and breach the demand zone, a confirmed downward momentum is likely. Consequently, OP could retreat to the subsequent lower demand area and even descend to a robust support zone.
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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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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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.