#OP has bounced from the support zone. The structure looks bullish. Let's see how it will play with dynamic resistance and daily MA200. In case of a solid breakout, we expect a 100% bullish wave. Targets are:
$2.833
$3.219
$3.657
$4.095
$4.719
$5.514
we run it back this week imo
probably around thursday
all alts eth and btc for strong relief rally
then btc moves heavily due to the halving catalyst
followed by eth
then everything else
select alts will stay bullish
this is one of them imo
#OP
The price is moving in an uptrend on a 1-hour frame and sticking to it well
After rebounding from a significant decline, the downside gap is expected to be filled
We have a higher stability moving average of 100
We have an uptrend on the RSI indicator that the price depends on
Entry price is 2.15
The first goal is 2.35
Second goal 2.53
The third goal is 2.75
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(OPUSDT 1M chart)
This month's decline shows that the HA-High indicator is about to be created at the 2.759 point.
Accordingly, the key is whether the HA-High indicator can be supported and rise near...
The daily chart for Optimism (OP/USDT) illustrates a bearish trend with a series of lower highs and lower lows, which can be interpreted as a downtrend channel. The price is currently hovering near $2.467, with a clear support level at $1.635. The resistance level at $4.139 is crucial; a breakout above this level could signal a potential trend reversal. However,...
OP is increased by 38% from the lowest daily imbalance. I have a diagonal below that can work as a support. We are currently above the weekly levels and price is targeting to fill the imbalances below. Every correction is a buying opportunity for me. If we drop to 2.20. It is good level to buy.
This is an update to the analysis you see in the "Related Ideas" section
It seems that we have a diametric on the chart that the E wave of this diametric is ending.
We expect to drop to the green range to complete the F wave.
Closing a weekly candle above the red level will violate the analysis
For risk management, please don't forget stop loss and capital...
💎 Paradisers, it's intriguing to see the recent market dynamics of #OP. With the bounce from the demand area and now testing the resistance, the next moves are critical.
💎 If #OP manages to break above the resistance, it could signal a bullish reversal, paving the way for further upward movement, and potentially testing the strong resistance area.
💎 However, if...
OP / USDT
Price came directly to major support
Must hold above weekly support to remain bullish
monitoring price action here for a potential buy setup in coming days or weeks like (double bottom / trend breakout ..etc )
Best of wishes
Get this: You cannot even use OP tokens as transaction fees on the OP chains. All Level 2 tokens are useless. Only ETH matters.
At the end of the month, millions of OP tokens get released and dumped on the markets. See the supply schedule.
The OP Foundation sold billions of tokens to investors at sub $1 prices.
Have fun holding OP and becoming a "Community...
In educational article some week ago, I wrote that most financial instruments spend more than 75% of their time in this sideways market mode. So, knowing how to trade in sideways markets is a important skill for traders and investors.
I highlighted 5 skills that help effectively trade in sideways markets. Discussing the first of them - how to combine the higher...
it looks bearish, It went up 5 waves and then we see that theres a bearish DV between Y and Z after this started to correct and I think it will be five waves, if we break the last x LH at level 0.618 Fib 2.6$ We're going to visit $1.9.
#op
Optimism has bounced from a support area👀
The key levels to watch are the descending resistance and the MA 200🔍
A solid breakout could lead to a bullish wave with a 100% upside potential✈️
Optimism (OP) is a layer-2 scaling solution for Ethereum that focuses on enhancing transaction speeds and reducing costs through Optimistic Rollups. This method offers a significant boost in throughput and efficiency for developers building on Ethereum, making it a critical player in the blockchain scalability arena.
Given the continued importance of scalability...
my entry on this trade idea is taken from a point of interest below an inducement.. I extended my stoploss area to cover for the whole swing as price can target the liquidity there before going as i anticipate.. just a trade idea, not financial advise
