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OPTIMISM/USD TETHER PERPETUAL SWAP CONTRACT

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OPUSDT.P trade ideas

Will OP Price Rebound To The High Of $3 Soon?Optimism has a market cap of $1.9 Billion and is currently ranked 44th in the crypto verse. The volume of the asset has observed a gain of 55% in the last 24 hours. OP token price is currently trading near the value of $1.77 with a drop of 31% in the last month. OP price is currently in a weak bearish trend on the daily chart. It is trading below the 50 and 100 EMA on the daily chart. The upside trend of OP can see a halt near the value of $2.1. Meanwhile,the support of the asset price can be observed near $1.5. The RSI of OP price is currently near 37 with a small positive slope. The overall sentiment of the RSI is bearish in nature.
by Ritika_TCR
OP/USDT SWING TRADE (90% Potential Profits)Hello guys, OP/USDT has broken the trendline with enough volume. what we have to do is wait for the price to retest the trendline, based on the price action we can enter a long position. if the price breaks the trendline downwards then the chart will invalidate. we can buy this coin on the spot also, and we can book around 90% profits. ENTER:2.5 TO 2.6 T1:3.37 T2:4 T3:4.8 STOP: 2.2 NOTE: I am not a professional and also this is not financial advice just testing my skills always DYOR
Long
by HEAD-SHOT_PRO
OP: Keep watch for potential longterm bullish signs. 🚀💎 Paradisers, #OP is going to approach the BB zone, or in simpler terms, a previously broken resistance zone that could now act as support. 💎If #OPUSDT exhibits a Change of Character (CHoCH) and Break of Structure (BOS) from this area, we can anticipate a bounce from this level. 💎Should this level break down, our next area to watch for a potential bounce is the demand level, though we'll need confirmation before proceeding with any trades. 💎However, if the price breaks down through both these levels without confirmation, a bearish move might be expected. Nevertheless, I am not focusing on bearish strategies at the moment and would advise caution with short positions for now.
by MyCryptoParadise_Nathan
OPUSDT: Watch for Neckline Retest & Bullish OB Confirmation. 💎 OPUSDT has recently broken out of an inverse head and shoulders pattern, which typically signals a bullish move. 💎Additionally, OP has displayed CHoCH (Change Of Character) & BOS (Break Of Structure), further supporting the bullish market structure. 💎Currently, the price is approaching a retest of the neckline area of the inverse head and shoulders pattern, which coincides with a strong Bullish OB (Order Block) characterized by FVG (Fair Value Gap) above it. Any formation of a bullish candle in this area would be considered confirmation of the bullish trend. 💎However, if the price breaks down below the bullish OB, it would be prudent to wait and ignore trading OP until clearer price action emerges. It's important to note that due to the overall bullish trend in the market, bearish scenarios are less likely at this time.
Long
by MyCryptoParadise_Nathan
OP, Description of the 5 Day wavesOP completed wave I according to frame D, which was terrible. At the same time, OP has also finished adjusting his updated trend, preparing to enter wave III in frame D, estimated to reach 27 - 30 USD in the near future. In the H4 frame, we see that OP has just finished adjusting at the 38.2% Fibonacci level for the rhythm cycle (i) of wave III, it is very likely that we will have a bullrun this month. We are also excited to witness this moment! Note: This is a market view article, not investment advice!
Long
by Seedian
OP BNB Price Analysis: Short UpdateOP token's price trends! OP, a layer2 protocol, is currently situated at a crucial juncture with its vertical support at 1.42. In this video, we delve into the possible scenarios that might unfold based on its current trading position. 🔍 Analysis Highlights: Vertical Support at $1.42: We're keeping a close eye on OP's performance at this level. Should the vertical support be breached, we could witness a downward movement towards 1.35, which coincides with a significant horizontal support level. Bearish Breakdown: A drop below 1.35 could signify a more bearish sentiment, potentially leading to a further decline down to 1.06. It's essential to monitor the price action closely during this phase. BTC Impact: In the event of a sharp decline in Bitcoin's value, there's a potential scenario where OP might experience an extended drop down to 0.92. BTC's influence on the market could contribute to increased volatility.
Short
by blocksat
4
Read or Regret - Head and Shoulders Pattern Alert for OP/USDT 💎 Paradisers, let's zoom into OP/USDT. On the 1-hour chart, a head and shoulder pattern is taking shape. However, there's a twist: the right shoulder is a tad shorter than the left one. This suggests we might need to see some consolidation before any potential breakdown of the demand and neckline zone at 1.394. 💎 If OP/USDT does break below this zone, our sights are set on potential descents to the demand levels at 1.279 and possibly 1.168. But remember, if the price climbs and surpasses the right shoulder's peak, specifically the 1.575 mark, this pattern might no longer hold water. 💎Stay vigilant and keep those charts close, ParadiseSquad!
Short
by MyCryptoParadise_Nathan