OPUSDT trade ideas
OP - Bullish Follow-ThroughSo far, price action as followed very predictable levels.
As expected, we had a bullish movement that broke 2.40 resistance, now support. This level, together the bottom of the rising channel, should keep price away from new lows.
Note that the middle of the channel is acting as resistance, but its more likely that it will eventually be broken and the top of the channel will be tested.
Invalidation with a daily close below 2.176.
price retesting the golden level🔸I think op is one of the leading currencies right now
as u can see in daily chart that:
🔸 breaking the upper side of bullish pennant
🔸breaking 50 ma and make it as a support
🔸breakout the 0.618 fib golden level
🔸my target would be 5$
dont forget to support us with ur like , comment anf follow for more ideas🎯
OPUSDT - Buy Setup!!OPUSDT (1D Chart) Technical analysis
OPUSDT (1D Chart) Currently trading at $2.56
Buy level: Above $2.55
Stop loss: Below $2.15
TP1: $2.9
TP2: $3.25
TP3: $ 4
TP4: $ 5
Max Leverage 2x
Always keep Stop loss
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OP Analysis updateFollowing the previous analysis, It seems that the resistance in 2.39$ is broken, We are now waiting for the price to stabilize above this area on the daily time frame.
If it happens, due to the growing of OP/BTC we will expect that price jump above 3.2$ in incoming days.
Good luck👊🏿
OP is trying to break its resistance👁️👁️Hello traders🖐🏿
OP is trying to break its resistance in 2.4$.
I think it can be accomplish this time, if this break happen, price grows to 2.64$, that is a key resistance, because 2.64$ is level of upper edge off symmetrical triangle that formed in last weeks.
The break of 2.64$ will start a bullrun till 4.2$ as a new ATH.
Now the momentum of price movement is very good, and its a good sign to break the resistance.
In another hand we should keep our eyes to ETH chart, if ETH can break 2000$, the road to 4.2$ is clear.
Its not a financial advice, its just my idea.
Good luck👊🏿
OP Looking for a Bullish BreakoutOP has consolidated since January and held price levels above the $2.00 price range. The following factors present the bullish case presented in the measured move:
- Falling Price with falling volume suggests a lack of bearish momentum
- Inverted Head and Shoulder pattern is one of the highest probability structures in trading with around a 90% success rate. Measured move is around the $3.50 range
- Falling wedge pattern has consolidated price nicely and signals for a bullish continuance. Measured move is $4.61
- Hidden Bullish Continuation divergence suggests the long time frame bullish trend is likely to continue.
- Weekly Stoch RSI has reset below 20 with price remaining high suggesting another move up is likely
- 3D Stoch RSI is pointing upwards. Likely to break downward trendline (Bullish) this week or early next week.
- Several bounces off 50% Fib level suggest strong support levels
Overall set-up for a 5x long with a price target of $4.61 suggests an upside of 481.7% and a stop loss around $1.975. Risk to reward of 6.11 on a high probability set-up.