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OPUSDT trade ideas

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👊🏿
Long
by HrSs7
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.
Long
by Abrookes97
"OP" time to fly 🔥Today the dynamic support retest has been completed, in my opinion, the time of upper edge of symmetrical triangle has been arrived. In past days OP has been accumulated very good, when we are in time situation like now, and when the price has been placed in the bottom of pattern, its a good sign to coin explode. Likewise RSI 50 in 4H TF has broke the trend. BTC Dom is near to dump, just keep your positions in ALTs such OP. Target has been marked in the chart 👊🏿 Its not a financial advice, just my opinion ✨
Long
by HrSs7
OP/USDT Possible Break Of Structure? Hey traders 👋 Let's kick off this day with OP coin on 4hr chart. We are looking at the chart where we see a nice triangle structure formed here but market price is being below EMAs does let us know about the bearish overweight. We are waiting for the price to go for another re-test of upper zone after what we want tot see a breakdown. BUT we need to be open-minded here are we might see a bullish outcome due to upcoming economic news. 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.
by SwallowAcademy
2
Is Optimisim Ready For Another Run?Layer two block chain projects have recently enjoyed a major increase in value as real world business are looking to make use of the many benifits available through block chain ledger technology. As a layer two network optimism is primed to assist in actual real world use cases for crypto by providing the security offered by ethereum but allowing for extremely fast transactions. Currently Optimism seems to be reaching a point where time and price have reached balance signaling a pivot in price is imminent. Markets can go up, down or simply continue sideways. Given the bullish momentum and recent partnerships with layer two projects will it be enough to push this next cycle to the upside? Price is currently retesting the golden pocket fibbonacci retracement level on the local low. This is also comming in extremely close to the. 786 retracement for this entire top range. If price continues to maintain this bullish momentum and corresponding to these fibonacci price movements a significant move to the upside may be on the horizon. When trading crypto assets please bear in mind that these are extremely volitle assets and while they have the ability to increase in value by staggering amounts they equally can decrease in value just the same.
Long
by Degen-Dynasty