Get started

Optimism

Ethereum's Merge EIP-4844 can Boost OP to 4.44$Is good to have like minded cool friends and Cryptonite Clark is exactly that to me. ''Professor, Just reading about Ethereum's next merge, EIP-4844, that's happening later in the year. The main beneficiaries are Layer 2s (www.coingecko.com), as it will reduce the cost of rollups, which they rely on. There's likely to be a "Layer 2 narrative" leading up to it, and ETH will probably recover lost ground against BTC. ARB and OP are top picks.'' I did my research and he is absolutely right. Then again I do prefer OP vs ARB so here we go with an updated OP chart: Price is behaving nicely and a breakout over 1.60$ is my expectation for next. From there it's destination 2.33 which offers a nice trade with excellent R/R since risk (SL) is over 1.3 and reward (TP) lies alomost 4 times higher. Then again there is the ALTs possibility for Bullish scenario which can get the price to 4.44$: One Love, the FXPROFESSOR Awesome OP news: Coinbase's Base to adhere to Optimism's open neutrality framework Link: www.theblock.co
BINANCE:OPUSDLong
by FX_Professor
6
Coins that are expanding the coin ecosystemHello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- 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. -------------------------------------------------- - 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. -------------------------------------------------- ------------------------------------------- ** 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. ---------------------------------
by readCrypto
🐋 Deep Dive Part II: Whale Behavior & Market Mastery! 🌊📚Hey Crypto Enthusiasts! 🚀 In a recent analysis, I not only nailed Bitcoin's (BTC) movement but also illuminated the subsequent altcoin surge, driven by insightful whale behavior observations. Let's merge these insights with a focus on ADA (Cardano), OP (Optimism), SOL (Solana), and BTC. 📊 Cardano's (ADA) Meteoric Rise 🌟 ADA's journey began with a break above a pivotal support-resistance level. My entry point at 0.256 turned into a remarkable rally, hitting 52 cents. This movement was a classic case of altcoin buoyancy following Bitcoin's pause. Optimism (OP) and the Altcoin Breakouts 🌈 In the shadow of Bitcoin's stagnation, altcoins like OP exhibited significant breakouts, showcasing the shifting focus of market whales from Bitcoin to promising altcoins. Bitcoin (BTC) and Whale Dynamics 📉 Bitcoin's behavior provided a crystal ball into the whale activities. As BTC approached a major resistance level, it signaled a strategic move by whales to divert funds towards altcoins, catalyzing their surge. Solana (SOL) and Market Trends ☀️ Solana's chart also mirrored this trend, highlighting the broader market dynamics influenced by these significant players. 🔍 Insight on Whale Behavior: My analysis delved deep into the whale behavior, highlighting how Bitcoin's rally and subsequent pause was a precursor to altcoin dominance. This strategic pause in Bitcoin's ascent was a clear signal for the whales to redistribute their focus and capital, sparking a remarkable rise in altcoins like ADA, OP, and SOL. 🔄 The Bigger Picture - Understanding Market Shifts: What this trend teaches us is the importance of reading between the lines. Whale movements often precede major market shifts, and by understanding these patterns, we position ourselves to make informed decisions. 🧠 Future Outlook: As we continue to monitor these market dynamics, it's crucial to stay vigilant. The crypto market is known for its volatility, and while the current trend favors altcoins, it's essential to be prepared for any shifts that may arise. Always keep an eye on key resistance and support levels, market sentiment, and global economic factors that could influence the next big move. 🌐 Together, let's stay ahead of the curve in this fascinating and ever-evolving world of cryptocurrency. Your insights and engagement are what make this journey exciting and rewarding! One Love, The FXPROFESSOR 💙 part 1:
COINBASE:ADAUSDLong
by FX_Professor
2
OP (Optimism): Surging High in the Ethereum Layer-2 ArenaHello Crypto Enthusiasts! 👋 The FXProfessor here, spotlighting the impressive surge of OP, Optimism's native token. Let's dive into the factors driving this remarkable growth and its potential impact on the Ethereum ecosystem. Recent Price Surge: 🚀 OP experienced a jaw-dropping 25% rise in just 24 hours, reaching a high of $2.13, marking its highest trading level for the year (u.today). 📊 This surge is part of a broader 40% monthly upswing, fueled by a series of ecosystem updates and enhancements in Optimism's technology stack (u.today). Kraken's Influence: 💹 Kraken's introduction of Tether (USDT) deposits and withdrawals on Optimism played a significant role in propelling OP to an 8-month high of $2.188, signaling a market confidence boost (nulltx.com). 🌉 This development enhances the utility and accessibility of the Optimism network, promoting wider adoption and improved decentralized transaction capabilities (nulltx.com). Optimism's Technological Advancements: 🛠️ As a Layer-2 scaling solution for Ethereum, Optimism leverages optimistic rollups technology to enhance transaction throughput and reduce fees on the Ethereum mainnet (nulltx.com). ✅ The recent governance vote passed the first post-Bedrock network upgrade, "Canyon," reflecting Optimism's commitment to continuous improvement and innovation (u.today). 🌍 OP token holders enjoy the privilege of participating in protocol decisions, shaping the future of this growing ecosystem (nulltx.com). FXProfessor's Insight: 🌐 Optimism's strategic advancements and community-driven approach showcase its potential to revolutionize Layer-2 scaling solutions on Ethereum. 🔍 The sustained growth and recent surge in OP's value reflect the positive sentiment and trust in Optimism's capabilities and future prospects. Trade with foresight, embrace technological advancements, and let's witness the evolution of Optimism in the Ethereum Layer-2 space! One Love, The FXProfessor 💙 Links: nulltx.com u.today
BINANCE:OPUSDLong
by FX_Professor
1
OPUSDT - OPTIMISM IdeaHey Traders.. No Comment!! BINANCE:OPUSDT ⚠️ Disclaimer: The viewpoints shared represent my individual outlook on the market, based on publicly accessible information and historical data. While a portion of these opinions is influenced by my actual trades, others are not. It's important to note that I am not a financial advisor, and I do not assume any responsibility for the decisions you make in your trading activities. ✅ Feel free to share your inquiries or suggestions in the comments. I am more than willing to assess and analyze any cryptocurrency, forex currency pair, or stock index that piques your interest, so, Please don't hesitate to ask or mention the specific currency chart you'd like me to review.
Long
by Arash-RK
🐋 Deep Dive Part II: Whale Behavior & Market Mastery!🌊📚 (Vid)Hey Crypto Enthusiasts! 🚀 In a recent analysis, I not only nailed Bitcoin's (BTC) movement but also illuminated the subsequent altcoin surge, driven by insightful whale behavior observations. Let's merge these insights with a focus on ADA (Cardano), OP (Optimism), SOL (Solana), and BTC. 📊 Cardano's (ADA) Meteoric Rise 🌟 ADA's journey began with a break above a pivotal support-resistance level. My entry point at 0.256 turned into a remarkable rally, hitting 52 cents. This movement was a classic case of altcoin buoyancy following Bitcoin's pause. Optimism (OP) and the Altcoin Breakouts 🌈 In the shadow of Bitcoin's stagnation, altcoins like OP exhibited significant breakouts, showcasing the shifting focus of market whales from Bitcoin to promising altcoins. Bitcoin (BTC) and Whale Dynamics 📉 Bitcoin's behavior provided a crystal ball into the whale activities. As BTC approached a major resistance level, it signaled a strategic move by whales to divert funds towards altcoins, catalyzing their surge. Solana (SOL) and Market Trends ☀️ Solana's chart also mirrored this trend, highlighting the broader market dynamics influenced by these significant players. 🔍 Insight on Whale Behavior: My analysis delved deep into the whale behavior, highlighting how Bitcoin's rally and subsequent pause was a precursor to altcoin dominance. This strategic pause in Bitcoin's ascent was a clear signal for the whales to redistribute their focus and capital, sparking a remarkable rise in altcoins like ADA, OP, and SOL. 🔄 The Bigger Picture - Understanding Market Shifts: What this trend teaches us is the importance of reading between the lines. Whale movements often precede major market shifts, and by understanding these patterns, we position ourselves to make informed decisions. 🧠 Future Outlook: As we continue to monitor these market dynamics, it's crucial to stay vigilant. The crypto market is known for its volatility, and while the current trend favors altcoins, it's essential to be prepared for any shifts that may arise. Always keep an eye on key resistance and support levels, market sentiment, and global economic factors that could influence the next big move. 🌐 Together, let's stay ahead of the curve in this fascinating and ever-evolving world of cryptocurrency. Your insights and engagement are what make this journey exciting and rewarding! One Love, The FXPROFESSOR 💙 part 1:
Education
by FX_Professor
2
SasanSeifi 💁‍♂ OP ⏩ 1.70$ / 1.90$In the medium term, the expectation we can have is that the price may be able to grow towards the range of 1.70 to 1.90. 📈🚀The important support ranges are at 1.40 and 1.30. 🟢 Keep in mind that these are just scenarios, and it's important to conduct your own analysis and consider other factors before making any trading decisions 😊📈📉 ❌ (DYOR) ⭕Of course, if you have any more inquiries or require further clarification, don't hesitate to reach out. I'm here to assist you! 🔹If you found this analysis helpful, please show your support by liking and commenting. Thank you! 🚀😊 🙌
Long
by SasanSeifi
OP: Falling Wedge BreakoutTrade setup : Bullish breakout from Falling Wedge pattern, which was confirmed with break above $1.50 resistance and 200-day moving average, and signals a bullish trend reversal to an Uptrend. Price could revisit $1.80 resistance next. This Layer-2 protocol has benefited from the launch of Worldcoin (WLD) and Base layer-2 network, which are based on Optimism protocol. Patterns : Falling Wedge Usually results in a bullish breakout. When price breaks the upper trend line the price is expected to trend higher. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout and then place a BUY order. Trend : Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis. Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening. Support and Resistance : Nearest Support Zone is $1.20, then $0.90. The nearest Resistance Zone is $1.50, which it broke, then $1.80
Long
by altFINS
The key is whether it can rise beyond the box range of 1.231-1.4Hello? Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (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. -------------------------------------------------- - 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. -------------------------------------------------- ------------------------------------------- ** 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. ---------------------------------
by readCrypto
Bitcoin Cycles: A Bullish Prelude? 📊🐂Echoes of the Past: Cycles Revisited The Bitcoin market, much like nature, operates in cycles. The most exciting part? These cycles bear a striking resemblance when examined across different timeframes. The Telltale Signs: An Identical Bottoming Pattern What's been consistent in these cycles is the pattern of the market bottoming out. It's like a signature move—Bitcoin experiences a substantial dip, testing the nerves of investors, before staging a remarkable recovery. The Imminent Question: Is a Bullish Turnaround Ahead? If history is any indication, the patterns observed in the past have often heralded a change in market sentiment. When the market tests its lows and rebounds vigorously, it frequently signifies the start of a new bullish cycle. Trading Insight: Learning from the Past Understanding Bitcoin's historical patterns is invaluable for traders. It encourages a balanced approach during market downturns, enabling them to stay resilient while poised for potential upward momentum. Conclusion: A Familiar Tune The Bitcoin market's cycles echo throughout history, offering a glimpse into the future. By recognizing these patterns and their significance, traders can harness the insights they provide, navigating the volatile cryptocurrency landscape. 📈 Market Cycles | 🔄 Historical Parallels | 🌐 Cryptocurrency Trends | 📉 Risk Management ❗See related ideas below❗ Feel free to share your thoughts in the comments!! 💚📊💚
INDEX:BTCUSDLong
by Yaroslav_Krasko
OP/USDT is Gearing Up for Remarkable Shift? Op today analysis🚀💎 Paradisers! Brace yourselves as we've spotted #OPUSDT positioning itself for a spectacular move! It's currently navigating through a descending channel, setting the stage for a potential upward breakout. 💎 A few days ago, our observations pinpointed that after testing the bearish OB, NASDAQ:OP initiated a substantial downward trajectory. After securing liquidity below, it seems to be reinstating its upward momentum. 💎 Presently, it’s maneuvering within a descending channel, and the VRVP is revealing significant volume. This is a strong indication that the price is likely on the brink of embarking on a bullish journey from this point. However, do keep in mind, a breakdown of support could trigger a downward movement. 💎 If trading is on your mind, remember to set a proper stop loss and tread with caution and wisdom! Stay informed and navigate the crypto waves with precision and insight! 🌴
Long
by MyCryptoParadise_Simon
Market Update - September 22, 2023 Bitcoin has an up-and-down week as Mt. Gox delays repayments: Bitcoin (BTC) started the week off rallying from $26.5k USD to $27.4k USD before paring its gains by Friday. Mt. Gox trustees delayed repayment of more than 140,000 BTC and other cryptos by a year, extending the deadline to October 2024. Fed holds rates steady as one more hike expected this year: In line with expectations, the US Federal Reserve held its target benchmark interest rate at 5.25%-5.5%. One more hike is expected by the end of 2023, with interest rate cuts anticipated starting next year. Judge blocks the SEC from immediately reviewing Binance.US software: The SEC faced a setback in its case against Binance.US, as a judge blocked the agency from immediately reviewing the exchange’s software. A follow-up hearing is slated for October 12. Optimism completes third community airdrop and plans private sale: Optimism (OP) airdropped ~19.4 million OP tokens (~$27 million USD) to eligible users. The team also announced a private sale of 116m OP tokens (~$162 million USD) to seven buyers. 🪂 Topic of the Week: Crypto Airdrops ➡️ Read more here
GEMINI:BTCUSD
by Gemini