OPUSDT trade ideas
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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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!
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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 can go higherAfter a little modification, the OP symbol can rise from the new demand range to the new drawn supply
By touching the green box of the previous analysis (which is the lower green box,), we reached the announced resistance, but the resistance was cleared.
This is an update to the analysis linked in the relevant section
Hi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the ICP symbol.
Comment if you have any questions
Thank You
OPUSDT - Bullish OPUSDT is displaying a bullish move, with clear signs of a Bullish RSI divergence in the 4-hour timeframe. This divergence is an indication of potential strength in the upcoming price action. Anticipating the formation of higher highs (HH) and higher lows (HL), I've marked my entry point (EP), stop loss (SL), and take profit (TP) levels on the chart.
It's important to bear in mind that while this analysis supports a bullish scenario, the cryptocurrency market can be highly volatile. Therefore, conducting thorough research and staying updated on market developments remains crucial before making any investment decisions.
OP Updated Trading PlanOP is another crypto project we are currently watching for some larger moves to the upside.
Current Trading Plan:
Looking for a pull back to solid support or at least the midline of its current trading range.
OP in comparision to others we have looked at the in past few days is not presenting itself in as clean of a fashion making it a little harder to formulate a solid tight entry window.
As such watching the rest of the market as a whole coupled with bullish oscillator signals an entry may present its self in the 1.25-1.35 area.
Being the nearest resistance level is only 50% of the target we are seing on similar assets a second target area has been added one range higher.
Trade Well....
The key is whether it can rise beyond the box range of 1.231-1.4Hello?
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(OPUSDT chart)
The volume profile section is formed in the range 0.919-1.129.
Therefore, if the price is maintained above the 0.919-1.129 range, it is expected to continue its upward trend.
(1D chart)
It shows sideways movements in the range of 1.111-1.68.
Accordingly, the key is which direction to deviate from this section.
It is necessary to check whether the price can be maintained by rising above the 1.231-1.4 section, which is the currently formed box section, above the M-Signal indicator of the 1M chart and above the rising trend line.
If it falls below 1.310, there is a possibility that it may fall to around 1.111, so you need to think about a response plan.
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
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