#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
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.
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 $4.139 is crucial; a breakout above this level could signal a potential trend reversal. However,...
we run it back this week imo probably around thursday all alts eth and btc for strong relief rally then btc moves heavily due to the halving catalyst followed by eth then everything else select alts will stay bullish this is one of them imo
OPUSDT is going to +14% (before trendline) then -- 60+% according to Demark's projector.
Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (OPUSDT 1M chart) This month's decline shows that the HA-High indicator is about to be created at the 2.759 point. Accordingly, the key is whether the HA-High indicator can be supported and rise near...
💎 Paradisers, it's intriguing to see the recent market dynamics of #OP. With the bounce from the demand area and now testing the resistance, the next moves are critical. 💎 If #OP manages to break above the resistance, it could signal a bullish reversal, paving the way for further upward movement, and potentially testing the strong resistance area. 💎 However, if...
OP / USDT Price came directly to major support Must hold above weekly support to remain bullish monitoring price action here for a potential buy setup in coming days or weeks like (double bottom / trend breakout ..etc ) Best of wishes
BINANCE:OPUSDT from Bullish Bat > Bearish Crab > Bullish Cypher looking OPtimistic
it looks bearish, It went up 5 waves and then we see that theres a bearish DV between Y and Z after this started to correct and I think it will be five waves, if we break the last x LH at level 0.618 Fib 2.6$ We're going to visit $1.9.
But before that, we need to see how MM will reset things before sun rise. Now the dark even not coming yet
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 $1 prices. Have fun holding OP and becoming a "Community...
Interesting run of the lows on OP. Just like the rest of the crypto market the overall reaction around the HTF OB and the sellside will depend on BTC holding its 60K-62K lows. IF we fail to hold the current levels we will likely continue towards 1.7050$ and create lower lows. IF we hold these levels we will revisit the buyside liquidity. Stay safe and never...
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...
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...
As i mentioned before, price was intending to enter the discount area. We lost range low and we end up filling the daily imbalances. We have our second daily imbalance at 1.85 dollars but it is better to start from current price.
#OP The price is moving below a downtrend and bounced from the main support area in green at 3.74 We have a downtrend that is about to break higher We also have a trend in the RSI that is expected to be touched It is expected to rise above the Moving Average 100 Entry price 3.47 First goal 3.71 Second goal 4.06 Third goal 4.44