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Optimism / Tether

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OPUSDT trade ideas

Pointy time for $OP [Optimism]Honestly, I like patterns. I like this one for Optimism with its converging trend-lines and a palpable tension about a break to the upside/downside, most likely in the next 10 to 14 days. It being a market it is always unclear, and not possible to predict prices despite all the fancy tools. MORE: The year has seen OP break out from it's low during the bear market in 21-22 and then follow a regression path for the last few months between HKEX:2 and $3. Most of the time it moves between a support level around $2.15 - $2.30 and a resistance zone between $2.5 and $2.7. The trend lines, wherever you start, between the declining high's and the rising lows all converge at some point in May. So it's all very exciting if you like that sort of thing. If you "clean-up" (ignore) the 'extra low' data point that occurs at the collapse of silvergate, silicon bank and signature. It's really neat and predictable. Especially for longer periods. I am in a long position based on the RSI (which indicates a break out to the upside) and other technicals. There are plenty of supporters of a flat-bottomed regression like this (a right-angled triangle that fell over) being a strong sign of a positive / bullish upturn. The flat bottom indicating very strong support. There are no major break points to the downside, everyone seems to feel bullish about the market in general etc And they predict a rise of anywhere >100%. I am hesitant, like all sane investors. There are also excellent analyses available that expect the reverse - that the longer EMA's (exponential moving averages) will cross and the token will move to the downside, possibly as far as $1.6 before moving upwards. All of these are indicated on the chart with a variance in the bullish trends marked as the typical angle (green) and a more contested rise (teal). Time will tell.
Long
by toklas_boo
1
OPUSDT is testing the demand zoneOPUSDT is testing a key level around the $2.1 area, where there is a significant demand zone. This means that there is a high level of buying interest from traders at this price level, which could potentially lead to a price increase if the demand holds. In order for the price of OPUSDT to continue to move higher, it needs to create a breakout from both dynamic and static resistance levels. This would indicate that the buying pressure is strong enough to overcome the selling pressure and push the price higher. Once the breakout occurs, it's important for the price of OPUSDT to retest the resistance level as new support. This would confirm that the breakout was successful and provide a strong foundation for a new long position. Traders looking to enter a long position on OPUSDT should be targeting the $2.5 area as the next resistance level ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
12
OPUSDTHello there, *Mars Signals Team wishes you high profits* This is a 4-hour-time frame analysis for OPUSDT In this chart, R2 and R1 are our resistance areas in which the unsuccessful triumphs of price is clearly seen. And finally at the bottom of the chart, we have S1 which is the long-term support line and contains the support of price at different points since the past. The price past trend illustrates its well support at two points at S1 and after each support, it faced more rise to higher amounts including R1 and R2. The existence of a head and shoulders pattern means that the price formed the head part of the pattern when it was rejected at R2 and now it is moving over S1 again. Hence, the price is fluctuating at this point and experience a rise up to the resistance areas. These will be the good points for saving your profits. Or if possibly the price is believed to be supported again and by rising toward R1 falling for another time, we expect the right shoulder of the pattern to be completed. But in case the price falls below the support area, then more decline happens to it. Even by more fluctuation and support above R1 area, more rise is waiting for the price. Note that it is recommended to wait for some confirmation candles and make sure of your next action in trading. In case you are interested in experiencing profitable trades and wise actions in your analyses, we have several points and tips in our updates. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you success
by MarsSignals
8
OP/USDT potential movements here! Hey traders 👋 Let's take a look at OP coin here which is testing multiple times that lower support zone. We might be too early to take a position currently so we need to wait for attentional confirmations here which we have displayed on the chart as well! 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
5
OP is ready to jump over 3$This coin needed to pullback into these areas to gain momentum to start a rally over 3$. As I said a few days ago, symmetrical triangle pattern has been completed, and now the price has been accomplished a pullback to upper edge of mentioned pattern, and now everything is ready to start a move to 3.28$. If we want to do a more detailed investigation, we should use Fib RET tool, according to Fib RET in 4H TF, 0.618 level played a supporting role well, and caused a price reversal. Now we should wait for a bounce from here. This is not a financial advice, this is just my idea👊🏿 Good luck, be profitable👊🏿
Long
by HrSs7
Opusdt Buy opportunityOPUSDT has recently experienced a breakout from an ascending triangle pattern, a bullish technical formation that I believe must have caught the attention of majority of traders and investors. Following the breakout, the price pulled back to retest the neckline of the triangle, which has now become a major area of interest for buyers. The neckline, previously acting as resistance, now serves as a crucial support level. After retesting the neckline, OPUSDT has bounced off the support, indicating a strong likelihood of further upside. This price action suggests that the bullish momentum remains intact, with the asset targeting a price range between $11 and $16. It's essential for us to keep an eye on the overall market sentiment and other technical indicators, as unforeseen factors could impact OPUSDT's price trajectory. Proper risk management techniques, including setting stop-loss orders and position sizing, should also be employed to protect against potential losses. Do make sure to appreciate my view with your likes.
Long
by weslad
7