Get started

Optimism

OP(Optimism) price action analysisSimilar scenario that the market has experienced Example 1 💰DOT (spring-summer 2021) Accumulation ➡️ Distribution ➡️ 67% dump ➡️ 360% pump 💰OP (spring-summer 2024) Accumulation ➡️Distribution ➡️64% dump ➡️ projecting DOT scenario to OP Here we saw 3 waves of decline and the last one was the most painful and fearful for the crowd. After that we had great pump This scenario can be applied to many altcoins, not just OP.
Long
by razumcapital
The key is whether it can receive support around 2.289 and rise Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (OPUSDT 1M chart) This month's decline shows that the HA-High indicator is about to be created at the 2.759 point. Accordingly, the key is whether the HA-High indicator can be supported and rise near it when it is created. It is showing a rebound after touching the Fibonacci ratio point of 0.5 (1.828). Therefore, we need to see if it can find support around 0.618 (2.045) and rise above 2.289. (1W chart) It touched the psychological volume profile section and rebounded, but failed to receive support around 2.289 and showed a downward trend. Accordingly, the key is whether it can rise above 2.289. Currently, the HA-High indicator is formed at 3.777, so it is expected that in order to switch to an upward trend, it must rise above the HA-High indicator. (1D chart) The upward trend began on November 3, 2023, when the HA-Low indicator broke above the upper box section. And, on April 7, 2024, we encountered the HA-Low indicator for the first time. It is showing a stepwise decline as it fails to receive support near the HA-Low indicator and falls. Since the volume profile section of the 1M chart is formed around 2.289, the key is whether the price can be maintained by rising above 2.289. The time to buy is when it shows support near the HA-Low indicator and rises above the MS-Signal indicator. Aggressive buying is possible when support is seen around 2.289. In order to continue the upward trend, the HA-High indicator must rise or higher. ---------------------------------------- After the HA-Low indicator is newly created, the trend changes depending on whether it receives support or resistance. I think that there is nothing special about the decline in the HA-Low indicator because the fact that the HA-Low indicator was newly created means that the downward trend has already begun. However, the creation of the HA-Low indicator means that a low point has been formed. Therefore, even if the HA-Low indicator falls, it can be said to be a meaningful movement because it is highly likely to show movement to form a bottom section. Therefore, you can proceed with a split purchase whenever you encounter the HA-Low indicator. Have a good time. thank you -------------------------------------------------- - 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. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 13401.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 These are points that are likely to encounter resistance in the future. We need to see if we can break through these points upward. Since it is thought that a new trend can be created in the overshooting zone, you should check the movement when this zone is touched. #BTCUSD 1M If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
OP/USDT A break the resistance, will indicating back to bullish.💎 Paradisers, it's intriguing to see the recent market dynamics of #OP. With the bounce from the demand area and now testing the resistance, the next moves are critical. 💎 If #OP manages to break above the resistance, it could signal a bullish reversal, paving the way for further upward movement, and potentially testing the strong resistance area. 💎 However, if #OP faces rejection at the resistance, it may retreat to test the demand area for renewed momentum. 💎 Bouncing from the demand area is crucial for sustaining bullish momentum. Failure to do so, resulting in a breakdown, could signify bearish sentiment, leading to further downward movement. MyCryptoParadise iFeel the success🌴
by MyCryptoParadise_Nathan
2
OP/USDT Bullish Reversal on the Horizon? 👀🚀OP Analysis💎 Paradiser, get ready for an exciting trading opportunity with #OPUSDT! The current setup suggests a bullish turnaround from its support and FVG. 💎 Reflecting on the past, $OPTIMISM faced challenges in surpassing its previous high, resulting in a bearish sentiment. However, the tides appear to be shifting. At the support level of $2.619, which has already piqued buying interest, there’s a strong chance of a bullish shift targeting the significant supply zone at $4.803. 💎 As savvy traders, we always have a Plan B. If #OP dips below our critical support at $2.619, we’re poised to capitalize on a bullish rebound from a lower support and the Bullish OB at $2.116. But exercise caution, as breaching this additional support could indicate a deeper decline. 💎 Stay adaptable in your strategies and keep a close eye on the charts, fellow Paradisers. Your ParadiseTeam is here to guide you through these market waves with expert insight.
Long
by MyCryptoParadise
1
Op/usdt retesting key resistance| 👀🚀OP Today analysis💎 Paradisers, check out #OPUSDT as it's on an intriguing path, currently retesting a crucial resistance that could soon become support, signaling a potential bullish jump from here. 💎 After escaping a descending channel, $Optimism is gearing up to challenge the resistance at $3.847. A successful retest and maintaining strength at this level could set the stage for a bullish surge. With continued momentum, it's eyeing an initial resistance at $4.295, aiming to break through and tackle even higher barriers. 💎 Should #OP's price fall beneath this pivotal zone, it's time for a strategic shift. We're bracing for a bullish bounce from the secondary support at $3.395. Falling short of a comeback here could spell further drops. Let's remain alert and adaptable to swiftly navigate any market changes.
Long
by MyCryptoParadise_Simon
$OP - 2H LTF Bearish Trend ReversalI believe we have found a local bottom for NASDAQ:OP around $2.98. I had bids set at $2.95 so bummed that those didn't fill. However, I did add to my already long position between $3.05-3.15 The market want's more I believe & Optimism is too hard to ignore. Really liking the reaction that I'm seeing out of it at the moment in current market conditions as a lot of other bigger tokens bleed off. For perspective, I longed this orginally around $4.30 & have been DCA on the pull back since. My theory is that NASDAQ:BASE is getting A LOT of attention rn from Coinbase & BASE relies on the success of Optimism. If Brian Armstrong & coinbase bros start talking about OP as a good investment... I believe the markets react HUGE. Please be safe & assume all responsibility for your own trades.
Long
by TheRealCryptoDaddi
Optimism To The Moon🩸 NASDAQ:OP #Optimism (OP/USDT) (March 12, 2024) (#OP, #Spot) In 2024, Optimism continues to play a significant role in the Ethereum ecosystem as a Layer 2 optimistic rollup solution, emphasizing scalability and efficiency. With a total funding amount of $178.5 million, Optimism has attracted the interest of notable investors and companies, underscoring its potential in the blockchain space​​. Optimism's growth has been fueled by strategic partnerships and upgrades, enhancing the network's appeal to developers and users alike. This focus on network efficiency and expanded utility positions Optimism for potential growth amid a broader market adoption of Layer 2 solutions. Optimism has seen a notable rise in its ecosystem, making it an attractive option for investors looking for promising cryptocurrency projects in the run-up to a potential 2024 bull market​​. Tokenomics-wise, Optimism boasts a market cap of over $1.2 billion, with a total supply of approximately 4.3 billion tokens and an inflation rate of 2%. The distribution of these tokens is strategically allocated across retroactive public goods funding, investors, core contributors, the ecosystem fund, and airdrops. This allocation strategy underlines Optimism's commitment to both its community and its technological infrastructure​​. 🕵️ Investors (Tier 1,2): a16z (Andreessen Horowitz), IDEO CoLab Ventures, Paradigm As the crypto landscape continues to evolve, Optimism's developments and its role within the Ethereum scaling solution space signify the dynamic nature of the market, offering promising avenues for both developers and investors. 🟢 Entry price: $4.38 🟢 Take Profit 1: $8.76 (50%) 🟢 Take Profit 2: $18.80 (10%) 🟢 Take Profit 3: $23.50 (10%) 🟢 Take Profit 4: $28.20 (10%) 🟢 Take Profit 5: $32.90 (10%) 🟢 Take Profit 6: $37.60 (10%)
Long
by UnknownUnicorn285026
Optimism Offloads $90M Worth of Tokens in Private DealThe Optimism Foundation has made headlines with its recent private sale of governance tokens, sparking discussions within the Ethereum community. Let's delve into the details of this significant transaction, analyzing its implications, transparency, and the varied responses it has garnered. Unveiling the Sale: The Optimism Foundation ( NASDAQ:OP ), stewards of the Ethereum layer-2 blockchain, recently announced a private sale of approximately 19.5 million of its governance tokens. Valued at around $90 million, this move signifies a strategic decision by the organization to manage its token treasury effectively. Understanding the Vesting Period: Central to the sale is a two-year vesting period imposed on the buyer, preventing immediate token liquidation. This mechanism aims to maintain stability within the ecosystem while enabling governance participation for the purchaser. Such measures underscore the foundation's commitment to responsible token distribution and long-term sustainability. Transparency and Community Discourse: While the sale was conducted privately, it sparked debates within the Ethereum community regarding transparency and governance practices. Ethereum advocate Anthony Sassano expressed concerns over the lack of transparency, highlighting the importance of open communication in fostering trust. However, others defended the foundation's actions, acknowledging the necessity for sustainable funding and operational viability. Strategic Asset Allocation: The sale draws from the "unallocated portion" of the NASDAQ:OP token treasury, constituting 30% of the initial token supply. This strategic allocation reflects the foundation's prudent management of resources to support ongoing development initiatives and ecosystem growth. Lessons from Past Transactions: This isn't the first time Optimism has engaged in a private token sale. A similar transaction occurred in September 2023, raising $160 million, albeit with similar concerns raised within the community. However, the adherence to a two-year lockup period mitigated immediate market impacts, emphasizing the importance of structured token release strategies. Conclusion: As the Ethereum ecosystem continues to evolve, governance token sales play a pivotal role in shaping the trajectory of projects like Optimism ( NASDAQ:OP ). While debates surrounding transparency and strategic asset management persist, the foundation's commitment to long-term sustainability and ecosystem development remains unwavering. Moving forward, open dialogue and collaborative decision-making will be key in navigating the complexities of token economics and community governance in the blockchain space.
Long
by DEXWireNews
2
OP/USDT In an Unchartered Territory | 👀🚀What's Next for Op?💎Paradisers, let's take a closer look at #OPUSDT, showcasing vibrant market movements within an ascending channel framework. 💎At this moment, #Optimism is advancing towards the ascending resistance, starting from the demand zone. This scenario sets the stage for a potential price rebound from this area, aiming for an upward journey with the bearish Order Block (OB) as its forthcoming destination. 💎However, should NASDAQ:OP not manage to rebound and instead descends below the demand zone, it might see a fallback to the Bullish OB vicinity around the $3.13 mark, where it would seek rejuvenated drive for an ascent. 💎The Bullish OB zone has historically been a pivotal area for triggering significant market recoveries upon interaction. Yet, a compromise of this zone, indicating a shift towards bearish trends, may lead to a continuation of bullish momentum from a lower standpoint. 💎In case #OP doesn't leverage the momentum from this or any subsequent level, a persistent decline might ensue. Rest assured, Paradisers, your ParadiseTeam is vigilantly monitoring these shifts, ready to navigate you through these intricate market dynamics.
Long
by MyCryptoParadise_Simon
2
OPUSDT----> LONG(a Super Pump Coming)Hi Guys! BINANCE:OPUSDT is one of the best in the market in terms of technical and fundamental aspects , and I know it's going to be the next BINANCE:SOLUSDT in the upcoming bullrun! It looks like we will have a chance here to buy with a reward/risk of 10 if the yellow line broken and I personally wouldn't miss this opportunity if it happens . Entry above 1.5$ level TP Short-term 1.8$- 2.8$ Mid-term $3.5$- 5.5$ Long-term 7.5$ 10$ SL under 1.3$ Level What you guys think about $Optimism ?
Long
by OdinSights
2