OP. Short locally. Long globally.The ascending triangle formation an indicates the bullish mood of the OP holders in the long term. But, locally, RSI has moved into the oversold zone and price is likely to decline in the medium term.
OPUSDT.PS trade ideas
Op/usdt Trading idea Opusdt
Formed rising wedge pattern on daily timeframe and also facing horizontal resistance
Iam expecting price to drop from here atleast 15-30% ,let's see
Note : This is just an idea , do your your own research before taking any decision
Better is to wait for confirmation | Next red candles|
Good luck
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$OP, flipped long 🧐NASDAQ:OP
The short position has been closed, and we flipped long based on the UCTS indicator signals.
Resulting in locking around 40% profit on a free ride ticket! 🚀😉
Resistance Ahead | Chance to ShortChart 3D TF
BINANCE:OPUSDT is in the Ascending Channel and moving up to the resistance around 1.86x
We define confluence zone at that level by the Descending Trend Line + Key Level + Golden Ratio 0.618 Fibo Re
So I expect OP will retrace to 1.5, it's a chance for Short Order
Wait a next move
OP/USSDT This is what i think is likely going to play out for OP/USD. It will tap 2.00 first before going any lower. However its also important to know that we are still on a sell progamme.
Optimism OP: Looks Like Sellers Will Dump It Hard?I found an exhaustion candle on BINANCE:OPUSDT.P chart, and it looks like a good entry for sellers.
Fundamentally, the upcoming coin unlock of about FWB:39M is a bearish event for OP.
It makes sense to short the news, before it becomes popular or get into the mainstream news outlets.
This is my analysis, let me know your thoughts in the comment box.
Don't for to follow me now and support my idea.
OP: Channel DownTrade setup : Benefiting from the launch of Worldcoin (WLD), which is based on Optimism protocol. Trends are mixed but improving as the price bounced from $0.90 and broke back above a couple of key levels ($1.20, $1.50). Overall, it’s trading in a Channel Down pattern and we’re waiting for a breakout, ideally above 200-day Moving Average (~$1.95) that would confirm a trend reversal to Uptrend, with potential upside to $2.80 thereafter.
Pattern : Price is trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout.
Trend : Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis.
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $1.50 (previous resistance), then $1.20. The nearest Resistance Zone is $1.80, then $2.80
OP short - swing trade Let's get back to OP and see what it can offer us.
Personally thinking OP is going back to around 1$. We CAN have ideas and biases but we CANNOT IMPOSE THEM ON THE MARKET. So let's see what PA is telling us.
Shorted OP at market (average price of 16589$) and added some more already to my position. Personally targeting 1.20$ -1$. Stop laying around 1.80$ for now and will look to reduce size if we reclaim 1.70$
IF we break and hold below 1.6360$ I will look to add some more size. Day trades can be taken within these ranges as long as our rules are respected - will SURELY make use of that opportunity to add even more size on the ''BIG'' swing trade idea.
IF BTC continues its downtrend so will OP. Being an alt coin it will go even faster and nicer PA wise.
Entry market (aggressive) entry below 1.6360$ (conservative)
TP 1.20$
TP 1$
SL 1.80$
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
IM AN OP BELIEBER , JUST 1 LAST DROP LOWERIm a buyer , lover of OP, new shiny things.
1. SELLER AT 1.9
2. BUYER AT 1 and lower.
GOODLUCK , SEE YA NOVEMBER PUMP
1.828-2.045 is the support and resistance rangehello?
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(OPUSDT chart)
Among the coins (tokens) that are expanding the coin ecosystem introduced previously, it is the only coin (token) that is showing an upward trend.
(1M chart)
Very little can be learned from the 1M charts as the charts have not yet been properly created.
However, you can see that the Heikin Ashi candle has turned into a bullish sign.
(1W chart)
It is a matter of being able to keep the price above the MS-Signal indicator.
If not, you should check if the price holds above 1.442.
The 1.442 point corresponds to the HA-Low indicator point, so if you bought around this area, the first selling section is around the HA-High indicator.
Therefore, the HA-High indicator is currently created at the 2.498 point, so there is a possibility of a rise up to around 2.498.
However, it is likely that a new HA-High indicator will be created as the real price rises.
If the HA-High indicator is newly created, the area around it corresponds to the first selling zone.
(1D chart)
I think there are three major sections of support and resistance.
1st: 2.498-2.932
2nd: 1.828-2.045
3rd: 0.919-1.129
Currently touching the 3rd section and ascending to the 2nd section.
Therefore, if you bought in the 3rd segment, the 2nd segment corresponds to the selling segment.
If not, it is possible to buy when support is confirmed in the 2nd section and sell in the 3rd section.
OP belongs to the category that is expanding the coin ecosystem, but corresponds to a coin (token) that has just been created.
Therefore, in order to trade over the medium term, it is necessary to increase the number of coins (tokens) corresponding to profit.
You need to be careful because buying at a blind and low price and waiting unconditionally for the price to rise can tire people out.
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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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OP: Channel DownTrade setup : Benefiting from the launch of Worldcoin (WLD) , which is based on Optimism protocol . Trends are mixed but improving as the price bounced from $0.90 and broke back above a couple of key levels ($1.20, $1.50). Overall, it’s trading in a Channel Down pattern and we’re waiting for a breakout, ideally above 200-day Moving Average (~$1.95) that would confirm a trend reversal to Uptrend, with potential upside to $2.80 thereafter.
Pattern : Price is trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout.
Trend : Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis.
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $1.20, then $0.90. The nearest Resistance Zone is $1.50, which it broke, then $1.80, and $2.80
OPUSDT - has a good foundation for growthHello everyone I really liked the schedule at OPUSDT. The price drew a double bottom and approached the level of 1.5 several times. As a result, it pressed the level for half a month and finally went beyond it and even gained a foothold higher. The coin has formed an excellent foundation to go to the next resistance level at 2. We are waiting for it at the goal..
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.
