Long
Can $OP break above $1 in Q4 2022
Optimism is expected to make a good rally after the massive dump these past weeks and months. Reasons as to why I am expecting the price to rally past $1 within 2022:
There is a Fair Value Gap below current price that is being targeted around $0.63 (this is my personal entry price). Once price becomes fair value, the algorithm will target buy side liquidity as well as the Liquidity void that is around $1.05.
Historically, Q4 has been great for the overall market which increases the probability of the rally occurring before the end of 2022.
With this said, Happy Trading
Fundamental Analysis on Optimism: medium.com/@marketelitesmentor/will-optimism-op-become-a-top-10-market-cap-token-the-info-below-might-surprise-a-few-96bf4071c49e
There is a Fair Value Gap below current price that is being targeted around $0.63 (this is my personal entry price). Once price becomes fair value, the algorithm will target buy side liquidity as well as the Liquidity void that is around $1.05.
Historically, Q4 has been great for the overall market which increases the probability of the rally occurring before the end of 2022.
With this said, Happy Trading
Fundamental Analysis on Optimism: medium.com/@marketelitesmentor/will-optimism-op-become-a-top-10-market-cap-token-the-info-below-might-surprise-a-few-96bf4071c49e
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.