OptimismLargo
OP Break out with CC Fib (0.618 and 0.66) coming right above NPC
The OPUDST pair breakout from the downtrend into CC Fib (0.618 and 0.66) coming right above NPC. Any close above 1.5 USD will start an impulsive move up to the levels described on the chart. We are looking at new ATH and possibly higher. The bases for the Analysis is the Fixed rage volume profile, Weekly candles are constructed based on fractals for liquidity and the structure is based on previous break out.
Note analysis is done on a Weekly time frame.
This is not a Financial Advice just my analysis and trading plan.
1.64 a small TP 1 and move stop loss to Neutral.
1.9 Anchored VWAP TP 2
2.3 is VAH TP 3
3.2 previous move high TP 4
4.12 Trade Close as Previous ATH/ Double Top.
Then I will wait for a retracement to the CC levels and possibly a New yearly High.
Note analysis is done on a Weekly time frame.
This is not a Financial Advice just my analysis and trading plan.
1.64 a small TP 1 and move stop loss to Neutral.
1.9 Anchored VWAP TP 2
2.3 is VAH TP 3
3.2 previous move high TP 4
4.12 Trade Close as Previous ATH/ Double Top.
Then I will wait for a retracement to the CC levels and possibly a New yearly High.
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