OP is one of the strongest coin, new all time high, buy now?OP looks absolutely strong. It hit a new all-time high recently, and the continuation of the rally is highly likely. The previous ATH from 2023 has been broken by the bulls, and now we are in the phase of price discovery. 500% profit is likely, but you can aim for more if you want. My profit target is the 1.618 FIB extension, which is always a strong resistance, especially in the crypto market. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Optimism (OP) is a layer-two blockchain on top of Ethereum. Optimism benefits from the security of the Ethereum mainnet and helps scale the Ethereum ecosystem by using optimistic rollups. That means transactions are trustlessly recorded on Optimism but ultimately secured on Ethereum.
Optimism is one of the biggest scaling solutions for Ethereum with over $500 million in TVL. It is home to 97 protocols, the biggest being Synthetix (SNX), a derivatives exchange, Uniswap (UNI), a DEX, and Velodrome (VELO), an AMM. Users can begin their journey on Optimism by adding the chain on their Metamask and bridging tokens like ETH to the L2. On May 31, 2022, Optimism conducted a highly anticipated airdrop of its OP token. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
OPBTC
OP LOOKS BEARISH (2D TF)First, pay attention to the time frame. The time frame is large.
It seems that we have a diametric on the chart that the E wave of this diametric is ending.
We expect to drop to the green range to complete the F wave.
Closing a weekly candle above the red level will violate the analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Coins that are expanding the coin ecosystemHello traders!
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The altcoins that I am thinking of that are expanding the coin ecosystem are as follows.
BNB, XRP, ADA, SOL, DOT, TRX, AVAX, MATIC, NEAR, ATOM, ALGO, KLAY, FTM, LINK, OP, WEMIX
Since BTC and ETH are long-term investment coins, it is always best to have a large amount of them.
BNB Coin is also a mid-term investment coin, but it has the disadvantage of being an exchange coin, so I think it is difficult to be a long-term investment coin like BTC and ETH.
Therefore, please refer to the information explained below.
Coins (tokens) that are expanding the coin ecosystem can be traded in the mid- to long-term in the direction of increasing the number of coins (tokens) corresponding to profits, if possible.
In particular, I think that XRP, ADA, TRX, KLAY, OP, and WEMIX coins should focus on increasing the number of coins for profit.
The reason is that each coin contains definite drawbacks.
(OPUSDT chart)
The key is whether the price can be maintained by rising above 2.289.
(1D chart)
To do so, the key is whether it can rise above the 2.125-2.176 range.
If not, and it falls, you should check for support around 1.926.
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
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OP can go higherAfter a little modification, the OP symbol can rise from the new demand range to the new drawn supply
By touching the green box of the previous analysis (which is the lower green box,), we reached the announced resistance, but the resistance was cleared.
This is an update to the analysis linked in the relevant section
Hi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the ICP symbol.
Comment if you have any questions
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The key is whether it can rise beyond the box range of 1.231-1.4Hello?
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(OPUSDT chart)
The volume profile section is formed in the range 0.919-1.129.
Therefore, if the price is maintained above the 0.919-1.129 range, it is expected to continue its upward trend.
(1D chart)
It shows sideways movements in the range of 1.111-1.68.
Accordingly, the key is which direction to deviate from this section.
It is necessary to check whether the price can be maintained by rising above the 1.231-1.4 section, which is the currently formed box section, above the M-Signal indicator of the 1M chart and above the rising trend line.
If it falls below 1.310, there is a possibility that it may fall to around 1.111, so you need to think about a response plan.
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
---------------------------------
OP is caught in a falling patternBy examining the pattern of the OP symbol on the chart and examining the waves, we can understand that the OP is forming a large falling triangle.
Triangles have five waves, and now we are in the fourth wave, the D wave, which has become a diametric diamond.
This scenario is expected to follow.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
OP UPDATE (4H)OP is forming a falling triangle from the point of view of the Neo-Wave method.
The red area that I have marked is a confirmed order block that has many orders in it because it has led to a BOS.
The green area is a good place to place the target.
I think there is a good chance for a short position on the OP symbol. Place the stop above the red box, i.e. at the invalidation level
Be sure to do capital and volume management because there is no technical certainty and the review is probable.
1.828-2.045 is the support and resistance rangehello?
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(OPUSDT chart)
Among the coins (tokens) that are expanding the coin ecosystem introduced previously, it is the only coin (token) that is showing an upward trend.
(1M chart)
Very little can be learned from the 1M charts as the charts have not yet been properly created.
However, you can see that the Heikin Ashi candle has turned into a bullish sign.
(1W chart)
It is a matter of being able to keep the price above the MS-Signal indicator.
If not, you should check if the price holds above 1.442.
The 1.442 point corresponds to the HA-Low indicator point, so if you bought around this area, the first selling section is around the HA-High indicator.
Therefore, the HA-High indicator is currently created at the 2.498 point, so there is a possibility of a rise up to around 2.498.
However, it is likely that a new HA-High indicator will be created as the real price rises.
If the HA-High indicator is newly created, the area around it corresponds to the first selling zone.
(1D chart)
I think there are three major sections of support and resistance.
1st: 2.498-2.932
2nd: 1.828-2.045
3rd: 0.919-1.129
Currently touching the 3rd section and ascending to the 2nd section.
Therefore, if you bought in the 3rd segment, the 2nd segment corresponds to the selling segment.
If not, it is possible to buy when support is confirmed in the 2nd section and sell in the 3rd section.
OP belongs to the category that is expanding the coin ecosystem, but corresponds to a coin (token) that has just been created.
Therefore, in order to trade over the medium term, it is necessary to increase the number of coins (tokens) corresponding to profit.
You need to be careful because buying at a blind and low price and waiting unconditionally for the price to rise can tire people out.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
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Next period of volatility : around August 2-12Hello?
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(OPUSDT chart)
Around 1.660, the M-Signal indicator on the 1W chart and the 150 EMA are passing.
So, the question is whether it can sustain the price by moving above 1.660.
Looking at the 1W chart, we can see that it is out of a downtrend.
So, if the price holds above 1.442, I expect it to rise.
Looking at the big picture, you can see that there are three support and resistance zones.
If it rises above 1.660, you should check whether it finds support or resistance in the 1.828-2.045 area.
The next period of volatility is expected to start around August 2nd.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
---------------------------------
OP LOOKS BULLISHHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the OP symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Need to see support near 1.343 for short-term trend reversalHello?
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(OPUSDT chart)
Looking at the 1M chart,
It can be seen that the 1.129 point is an important volume profile section.
Looking at the 1W chart,
We touched the 0.919 point, which is the volume profile section.
Therefore, it is important to keep the price in the 0.919-1.129 zone or higher.
I have touched all the important support and resistance sections that I have been talking about before.
It touched the 0.919-1.129 section, which is the current 3rd section, and rose.
In addition, since the HA-Low and HA-High indicators on the 1D chart were created below 1.343, if the price is maintained above 1.343, it is expected to rise to the 2nd interval around 1.828-2.045.
Since the HA-Low indicator of the 1W chart has not yet been created, it is recommended to use the HA-Low and HA-High indicators of the 1D chart to increase the number of coins (tokens) corresponding to the profit.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
---------------------------------
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 👊🏿
OP ANALYSIS (12H)Hi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the OP symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
"OP" time to fly 🔥Today the dynamic support retest has been completed, in my opinion, the time of upper edge of symmetrical triangle has been arrived.
In past days OP has been accumulated very good, when we are in time situation like now, and when the price has been placed in the bottom of pattern, its a good sign to coin explode.
Likewise RSI 50 in 4H TF has broke the trend.
BTC Dom is near to dump, just keep your positions in ALTs such OP.
Target has been marked in the chart 👊🏿
Its not a financial advice, just my opinion ✨
Whether it can rise along the rising channel is the keyHello?
Traders, welcome.
If you "Follow", you can always get new information quickly.
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(OPUSDT chart)
The HA-High indicator on the 1W chart formed at the 2.498 point.
Therefore, if it fails to rise above 2.498, it may lead to further declines, so we need to think about countermeasures.
However, since the MS-Signal indicator of the 1W chart is passing around 2.045, you need to check whether it is supported around the 2nd section of 1.828-2.045.
The tertiary range, 0.919-1.129, is a strong support and resistance range.
It is currently in a downtrend from the uptrend channel shown on the 1D chart.
Therefore, I think it is becoming important whether it can rise above 2.498.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
---------------------------------
The OP will continue to fallHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the OP symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Optimism(OP) will lose 💣at least➖12%💣of its value!!!Better to know first what is the Optmisim(OP) project.
What Is Optimism (OP)❗️❓
Optimism (OP) is a layer-two blockchain on top of Ethereum. Optimism benefits from the security of the Ethereum mainnet and helps scale the Ethereum ecosystem by using optimistic rollups. That means transactions are trustlessly recorded on Optimism but ultimately secured on Ethereum.
Optimism is one of the biggest scaling solutions for Ethereum with over $500 million in TVL. It is home to 97 protocols, the biggest being Synthetix (SNX), a derivatives exchange, Uniswap (UNI), a DEX, and Velodrome (VELO), an AMM. Users can begin their journey on Optimism by adding the chain on their Metamask and bridging tokens like ETH to the L2. On May 31, 2022, Optimism conducted a highly anticipated airdrop of its OP token.
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Optimis lost its support line after accepting defeat from the resistance line.
While losing the support line, it managed to form a descending channel, and now the lower line of this channel is also broken by the breakout candle.
I expect Optimism to drop to at least the 🟢support zone($2.24-$1.99)🟢.
Optimism Analyze ( OPUSDT ), 1-hour Time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OP IS BEARISHHi, dear traders. how are you ? Today we have a viewpoint to sell/short the OP symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
OPUSDT in a downtrend now (50 % profit)OPUSDT looks like it's ready to dump .
The price broke the upsloping support.
We may see a bounce and the rejection from the line which should be acting as a resistance now. However, the dump without the bounce is also likely.
RSI in a downtrend. Hard to imagine OPUSDT carrying on the uptrend in a short-term.
Take profit levels and final target are shown on the chart. Over 52% to be made here.
If the price reclaims the upsloping support, it would be a clear invalidation of our thesis.
Good luck