Spotlight on OPUSDT: Unveiling the Path to a 36% Price Increase

Jun 28, 2023

💎 The overall #OPUSDT trend remains bearish, as the price continues to trade within a descending channel. However, there are some intriguing developments that warrant our attention.

💎 Currently, there are indications of a potential formation of a Bullish Flag pattern, which could lead to a significant price increase of 36% if it materializes. The target for this pattern aligns with the 38.2% Fibonacci retracement level and coincides with the top of the descending channel. This convergence of targets adds to the likelihood of an upside move in the future. 💎

💎 Adding further support to the probability of an upward movement, #OP has approached a significant zone characterized by previous supply and current demand. This zone often attracts buyers who are actively seeking opportunities. If the price manages to remain above the current support level, we anticipate a potential price increase ranging from 30% to 40% in the coming days.

💎 Despite these potential positive developments, the long-term bearish trend remains intact, and a breakout below the support level could reverse the scenario.

Stay vigilant, Paradisers, and make informed trading decisions! Your ParadiseTeam 🌴

Jul 28, 2023

Trade closed: target reached

💎 Since we posted our #OPUSDT forecast, the price has been dancing around the demand zone. However, it eventually made a fast upside swing and reached our projected 38.2% Fibonacci resistance, resulting in a solid 36% profit. 🚀 Patience paid off, and Paradisers were rewarded handsomely for their wise decision-making.

💎 Currently, the resistance continues to be defended by the bears, which increases the risk for a potential buying opportunity. Nevertheless, we remain watchful for a breakthrough moment. If #OP manages to break above the current resistance with a daily close, we can expect the potential for exponential growth, and our vigilant MCP team is ready to seize the opportunity.