OPUSDT trade ideas
Optimism OP price responds well to the work of the teamToday, let's take a look at the OPUSDT price chart
Given that the previous idea worked out well with a 30% increase, we can try to "guess" again)
By the way, in the previous idea, we described the main upgrade features implemented by the Optimism team.
Today, the next Optimism (OP) network upgrade will take place, the main task of which will be to reduce the average transaction inclusion delay from 2-4 seconds to 0-2 seconds.
Also, today we announced a "fresh indicator" U.S. CPI (YoY): 3.0% (forecast 3.1%, previous value 4.0%)
So all the fundamental conditions for growth are in place, now it's up to the market)
Let's assume that the next target for the OPUSDT price will be a breakout of $1.50 and continued growth to $1.75
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OPUSDTHello Trader,
As we can see in the chart we can open a short position here because Bitcoin is moving in the channel and we can clearly see that it got rejected from the upper resistance.
OPUSDTas we can see that OP is in rising channel after getting rejected from upper resistence it comes to the lower support , now we can expect a bounce back from here.
🚨 Trade Update: OP/USDT (5-10x)🚨 Trade Update: OP/USDT (5-10x)
📉 Short Entry: 1.645 - 1.74
OTE (Optimal Trade Entry): 1.685
SL: 1.81
B/E Move: When it moves close to TP2
TPs:
Short Term: 1.63 - 1.61 - 1.58 - 1.55 - 1.51 - 1.46
Mid Term: 1.41 - 1.35 - 1.27 - 1.20
**Disclaimer: Past profits do not guarantee future results.
Is there a risk? Of course. The whole financial market is subject to risk; any fundamental reason or sudden change in the market sentiment can reverse the current market dynamic and cause a loss. Do not take excessive risks which you cannot afford to lose. There is no obligation to take this trade; please avoid the trade if you disagree with the trade analysis.
EDK FORUM TRADING®
OP at resistanceAs shown in the chart,
OP is current at resistance, looking at the weekly time frame.
on the CSTP tool, it indicates that the current bullish move is not sustainable yet as long as the candle colours are white. when the candle change to blue then i will be expecting the Green projection, else, we continue down work.
#tradesmartly
OPUSDT#OP Technical Analysis
Op breakouts from its side way trend and now it is trading at 1.67$
the First resistancce level it will meet is 1.73$ and im expecting it to break it
the second resistance is a strong resistance, op might take some correction from here, the resistance level is 1.87$
NASDAQ:OP have a trend line above this rsistance level, it will might make a wick to test this trend line.
OP may have completed it's current bullish cycle
OP's recent big bearish wick might have been the ending of the current bullish cycle of the coin. OP is moving by threes and it seems like it's finished WXY cycle. I've entered in a small short with the stop above recent high.
OP Buy TradeHere is My Study on OP.
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long OPNASDAQ:OP broke through the resistance level. Bullish movement to $1.87 is expected to happen.
The next target $1.9Daily chart
BINANCE:OPUSDT retested and bounced from support.
Previous post:
Now, it's trading at 1.552
OP can reach to $1.9 if it's closed above $1.655
Wait for next move
OP Breaking major resistance ?If we do break this major area it's a clear shot to the 200day ma imo
Target 2.00$
OPUSDT In SidewaysOPUSDT is in Sideways , trade can be executed by breaking R2 and stoploss will be Below R1
OP going for shortThe sky blue line have a strong support because the previous high didnt break and form a lower highs and see the pivot line didnt broken thats a strong indication that bears controls the market
Spotlight on OPUSDT: Unveiling the Path to a 36% Price Increase💎 The overall #OPUSDT trend remains bearish, as the price continues to trade within a descending channel. However, there are some intriguing developments that warrant our attention.
💎 Currently, there are indications of a potential formation of a Bullish Flag pattern, which could lead to a significant price increase of 36% if it materializes. The target for this pattern aligns with the 38.2% Fibonacci retracement level and coincides with the top of the descending channel. This convergence of targets adds to the likelihood of an upside move in the future. 💎
💎 Adding further support to the probability of an upward movement, #OP has approached a significant zone characterized by previous supply and current demand. This zone often attracts buyers who are actively seeking opportunities. If the price manages to remain above the current support level, we anticipate a potential price increase ranging from 30% to 40% in the coming days.
💎 Despite these potential positive developments, the long-term bearish trend remains intact, and a breakout below the support level could reverse the scenario.
Stay vigilant, Paradisers, and make informed trading decisions! Your ParadiseTeam 🌴
Next period of volatility : around August 2-12Hello?
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(OPUSDT chart)
Around 1.660, the M-Signal indicator on the 1W chart and the 150 EMA are passing.
So, the question is whether it can sustain the price by moving above 1.660.
Looking at the 1W chart, we can see that it is out of a downtrend.
So, if the price holds above 1.442, I expect it to rise.
Looking at the big picture, you can see that there are three support and resistance zones.
If it rises above 1.660, you should check whether it finds support or resistance in the 1.828-2.045 area.
The next period of volatility is expected to start around August 2nd.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
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Long OP OP has just broken the bullish flag (4H) and would possible break the resistance zone with today candle (1D).
As a result, a trade setup is as in chart.
The 1D-view is as below:
OP Finally Breaking it's resistance. Now we finally see OPUSDT breaking its significant resistance at 1.55- 1.58$
It has been evident that the trend is going toward 1.80.
This week we can a significant uptrend in OPTIMISM... As per my analysis, the next target is about to 2.69$ if Bitcoin holds this position.
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OP has strong supportThe instrument is in a locally downtrend, a descending triangle pattern has formed, with a cascade of short levels behind which the stops of market participants are very likely, the instrument has been in consolidation for a day near cascade levels, with the next approach, I expect an impulse breakdown of cascade levels in order to collect the stops of participants
OP/USDT | 1d 👀Optimism is moveing in decending Channel pattren in daily Time frame and is getting close to its breakout point if it successfully confirmed its breakout we will see a pump in it 📈🚀
✅ Stay updated on market news and developments that may influence the price of Optimism. Positive or negative news can significantly impact the cryptocurrency's value.
✅ Exercise patience and discipline when executing your trading plan. Avoid making impulsive decisions driven by emotions, and adhere to your strategy even during periods of market volatility.
✅ Remember that trading always involves risk, and there are no guarantees of profit. Conduct thorough research, analyze market conditions, and be prepared for various scenarios. Trade only with funds you can afford to lose and avoid excessive risk-taking.
#Cryptocurrency #Crypto #Coins #Altcoins #Finance #Trading #OP #Cryptomarket #Optimism #Futuresr
OP - Possible Leading Diagonal
We have the conditions to consider the downtrend over (RSI divergence on Wave C).
The upside movement could be a leading diagonal, which would be the first wave to the upside.
Price is currently facing resistance at 1.60. Even if we get further breakout attempts, I'm waiting for a pullback before taking long trade decisions.
