On the 10th of August OPUL experienced an explosive upward movement in price due to the reveal that it's staking dashboard will be launching on August 22nd.
The price of the coin jumped over 100% from around $0.08 to $0.17 before it began moving back down.
It is now developing a clear channel downward and based on fibonacci levels it looks as tho the $0.10 area...
Some thoughts on OPULUSDT:
Daily: showing signs of a change in fortune. 10/20 EMA cradle has turned bullish.
12hr: looking very positive as well. Broken through the 100EMA and is retesting the 10/20EMA for a new support level.
4hr: Couple of shots of the 4hr showing possible targets if the $1 boundary (black line) is broken.
As shown in the chart, Opulous finished two impulsive moves (1-3 wave). Thus, we have 1 more leg up to finish the 1-5 wave sequence before the corrective wave begins. Details are laid out in the chart.
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Best of luck!
OPUL has been on a constant downtrend since 17 of November, it is now approaching strong support around the $0.66c level, we may see a drop to around the the $0.50c level but I believe that will be short lived.
Some of the early investors vested tokens were released last week, and this will continue bi monthly for another 18 months, most have probably sold by...
With the strong fundamental, Opulous had some bad times by reason of bad market conditions and unlock the vesting tokens.
I believe that the time has come for this starlet.
Daily rsi breakout and macd looks bullish and giving buy sign.
Price in the buy zone for me. It's really worth a shot imo.
If the market and btc keep recovering $OPUL can bounce big.
Be mindful that OPUL will airdrop Vested tokens to early investors on the 23/01/2021, I see a sell wall following as these early investors bought these tokens for $0.05c
What Is Vesting?
It’s a certain amount of tokens that are held aside for some period of time for the team, partners, advisors, and others who are contributing to the development of the project....
OPL will move in side-waves for the mid-term. After completion of side-waves, it moves further.
wait for the getting out from the consolidation period or buy-in support.
1-Always use stop-loss.
2-Always do critical self-reflection.
Thanks and happy trading.
$OPUL had a break out earlier , now need to see if continues.
wait for confirmation before get in .
What is Opulous?
Opulous brings Decentralized Finance to the music industry, providing a launchpad for the first music copyright-backed NFTs as well as DeFi loans that will change how artists access the funding they need.