OPUSDT trade ideas
A possible upward moveHello traders🖐🏿
OP has touched the bottom of all time channel recently with a proper reaction to that level, likewise we can see a major hidden divergence in RSI in daily TF.
From here we expect that price first grow till 2.6$, and then directly go to the 3.7 as a top of the channel.
In addition to all of these, we have some catalyst events in incoming days, such as mainnet upgrade, velodrome, base launch and etc.
I suggest that keep your eyes on OP chart.
Its not a financial advice, its just my idea.
Good luck 👊🏿
OPTIMISM OPUSDT Price analysis (Daily)Greetings, esteemed traders of the TradingView community!
Today, we bring to your attention the price of OPUSDT. Since reaching its all-time high (ATH) back in February 2023, the price has experienced a significant decline of approximately 50%.
However, recent price action has caught my attention as OPUSDT has started to break out from a red trendline, which has been forming since the bottoms observed in 2022. This breakout holds potential for a continuation in the price's downward trajectory.
Furthermore, a triangle formation that developed between February and April of 2023. The triangle pattern was broken to the downside, and the target of this pattern aligns closely with a previous resistance zone around the range of 1.3-1.4 USD.
Considering the oversold conditions indicated by both the MACD and RSI indicators, it becomes quite likely that we may witness a rebound in this aforementioned price zone. This presents an intriguing opportunity for traders to explore.
Thank you for your attention and support. Feel free to explore our other articles, follow our page for more updates, and kindly share your valuable feedback on this idea. Happy trading!
OP (Y23.P2.Video1).Macro and possible scenariosHi Traders,
We are still bullish with BTC and have 2 bullish scenarios and hence the likes of ALTs are likely to find a support level soon and we are think the following for #OP based on fibonacci levels and measured moves.
Hope you enjoy and benefit from this video.
All the best,
S.SAri
OPUSDT.1DHello dear friends,
*Mars Signals Team wishes you high profits*
This is a daily time frame analysis for OPUSDT.1D
We are in the daily time frame. As you can see, the price is moving towards our support line and we expect it to support the price and move towards our first resistance line. But if it cannot stabilize above the line and penetrates below the support line, we expect a fall to the second support line.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Take care
OP ANALYSIS (12H)Hi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the OP symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
OP (Y23.P2.Video1) The story continues. The next entryHi traders,
This chart is not the most bullish structure of recent as we approach the most critical level for OP to be macro bullish. As long as BTC doesn't drop hard and with a slight possibility to continue up from where we started 2 days ago, then OP has a chance as well.
We look at the key levels and why they are important.
Please give me a like and share,
Regards,
S.SAri
OP/USDT pushing from trendHey traders 👋
OP coin is next one on our watchlist. We are looking here for a nice bullish movement which might fill some gaps near 200EMA. Looking here for 100EMA to be broken for additional confirmation here that price will head towards 200EMA. If 100EMA will hold strong here we will go for another re-rest of that trend!
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.
OP scalp - swing short We have gotten our first test of the mid range.
Waiting for PA to develop and give us a deviation above 1.6400$
Will look to open shorts if we hold below it after deviation.
Plan remains the same for now until proven wrong.
Entry after deviation of 1.6400$
Clear invalidation above 1.6500$ for the time being.
TP 1.6030$
TP 1.5860$
SL above 1.6500$
Stay safe and never risk more than 1-5% of your capital per trade. The analysis is merely a price action based analysis and does not constitute financial advice in any form.