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OP / TetherUS

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OPUSDT trade ideas

A possible upward moveHello traders🖐🏿 OP has touched the bottom of all time channel recently with a proper reaction to that level, likewise we can see a major hidden divergence in RSI in daily TF. From here we expect that price first grow till 2.6$, and then directly go to the 3.7 as a top of the channel. In addition to all of these, we have some catalyst events in incoming days, such as mainnet upgrade, velodrome, base launch and etc. I suggest that keep your eyes on OP chart. Its not a financial advice, its just my idea. Good luck 👊🏿
Long
by HrSs7
1
OPTIMISM OPUSDT Price analysis (Daily)Greetings, esteemed traders of the TradingView community! Today, we bring to your attention the price of OPUSDT. Since reaching its all-time high (ATH) back in February 2023, the price has experienced a significant decline of approximately 50%. However, recent price action has caught my attention as OPUSDT has started to break out from a red trendline, which has been forming since the bottoms observed in 2022. This breakout holds potential for a continuation in the price's downward trajectory. Furthermore, a triangle formation that developed between February and April of 2023. The triangle pattern was broken to the downside, and the target of this pattern aligns closely with a previous resistance zone around the range of 1.3-1.4 USD. Considering the oversold conditions indicated by both the MACD and RSI indicators, it becomes quite likely that we may witness a rebound in this aforementioned price zone. This presents an intriguing opportunity for traders to explore. Thank you for your attention and support. Feel free to explore our other articles, follow our page for more updates, and kindly share your valuable feedback on this idea. Happy trading!
by Vestinda
3
OPUSDT.1DHello dear friends, *Mars Signals Team wishes you high profits* This is a daily time frame analysis for OPUSDT.1D We are in the daily time frame. As you can see, the price is moving towards our support line and we expect it to support the price and move towards our first resistance line. But if it cannot stabilize above the line and penetrates below the support line, we expect a fall to the second support line. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Take care
by MarsSignals
1