OPUSDT.P trade ideas
OP/USDT Still Inside Triangle FormationHey, traders ✌️
Let's take a peek at OP coin. We see that price is sitting just above the EMAs while inside the triangle formation - waiting here for price to find any sort of support for the price in order to see any decent movement. Currently we are just watching...
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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.
Optimism(OP) will lose 💣at least➖12%💣of its value!!!Better to know first what is the Optmisim(OP) project.
What Is Optimism (OP)❗️❓
Optimism (OP) is a layer-two blockchain on top of Ethereum. Optimism benefits from the security of the Ethereum mainnet and helps scale the Ethereum ecosystem by using optimistic rollups. That means transactions are trustlessly recorded on Optimism but ultimately secured on Ethereum.
Optimism is one of the biggest scaling solutions for Ethereum with over $500 million in TVL. It is home to 97 protocols, the biggest being Synthetix (SNX), a derivatives exchange, Uniswap (UNI), a DEX, and Velodrome (VELO), an AMM. Users can begin their journey on Optimism by adding the chain on their Metamask and bridging tokens like ETH to the L2. On May 31, 2022, Optimism conducted a highly anticipated airdrop of its OP token.
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Optimis lost its support line after accepting defeat from the resistance line.
While losing the support line, it managed to form a descending channel, and now the lower line of this channel is also broken by the breakout candle.
I expect Optimism to drop to at least the 🟢support zone($2.24-$1.99)🟢.
Optimism Analyze ( OPUSDT ), 1-hour Time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
$OP/USDT 12h (#Bybit) Small falling wedge breakoutOptimism looks locally bullish and could bounce back on 100EMA support, towards previously broken levels.
⚡️⚡️ #OP/USDT ⚡️⚡️
Exchanges: Binance Futures, ByBit USDT
Signal Type: Regular (Long)
Leverage: Isolated (3.0X)
Amount: 4.5%
Current Price:
2.4351
Entry Zone:
2.4351 - 2.2651
Take-Profit Targets:
1) 2.7689
2) 3.0840
3) 3.3993
Stop Targets:
1) 1.9998
Published By: @Zblaba
$OP #OPUSDT #Optimism #L2
🔥 OP Bullish Triangle: Wait For TriggerOP has been trading inside a bullish triangle pattern over the last couple of days. In my view, it's more likely than not that OP will break out bullish.
It's advised to wait for the break out to occur before entering a trade. A riskier bet would be to enter around the bottom support.
Targets in blue.
OP IS BEARISHHi, dear traders. how are you ? Today we have a viewpoint to sell/short the OP symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
OP bullish triangleThere is a cessation of updating of minimums on the instrument . Volumes at the highs that updated the previous ones decrease each time, this indicates the weakness of the seller. In view of this, a long breakout level, an ascending triangle , was formed , the buyer has already approached it several times .
Optimism Weekly Reversal Signal?Is the optimism chart trying to tell us a trend reversal is on the way? Looking at a weekly bar chart we can see last week we closed our first weekly bar BELOW the low of the highest bar in the recent uptrend. This is a classic trend reversal signal that warrants at least the setting of a stop loss at the low of the high bar and position of neutral.
Does this weekly reversal signal mean price has to change. Absolutely not. It is simply an indication of trend exaustion that tyically leads to a price decline without sufficient reasoning to entice renewed bullish sentiment.
An indication of continued bullish sentiment would be to push above and hold the high of the current lowest bar. This would be at $3.10.
Our current position on OP is TAKE PROFIT and to set a stop loss at the low of the high bar. If stopped out consider shopping for lower prices to re-enter what has become a popular project in the cryptoverse and probably here to stay for some time.
In the event OP brakes the low of the high bar on the weekly chart and manages to range re-entry above $3.10 may be in order.
OP/USDT Waiting For H&SHey, guys ✌️
OP/USDT is next one on our watchlist today! We see a good potential Head & Shoulders pattern to form here where first stop will be near EMAs which are currently far from market price. We have already shorted so let's see!
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.
Price Analysis of OPUSDTIn a 4-hour timeframe, the price has crossed 50-EMA with a volume greater than 21-MA volume.
Currently, 200-EMA is acting as resistance and the price needs to cross above the EMA with volume greater than 21-MA volume.
If price moves above 200-EMA, next target price is 2.837 with 200-EMA acting as support.
Note: Studies are for educational purposes only.
We will not be responsible for any of your Profits & Losses.
Please trade with a proper risk management strategy to avoid huge capital loss.
✅OP: THE GOLDEN COIN THAT CAN GO OVER THE ALL-TIME HIGH✅OP: THE GOLDEN COIN CAN GO TO OVER THE ALL-TIME HIGH
very interesting times for this coin with the coming expected target of 1.50
it's a coin that has the option to break the ATH.
We did scan this coin from 0,73 as the chart shows
Give you nice boost for this chart for more updates Thanks