Optimism New Updated Target (80%+ Possible)Back on the 1st of December I gave you a target for Optimism (OPUSDT)...
Nothing is wrong with this target but I was being really conservative.
You can see it here: Optimism 35/47% Short-Term Target Mapped
We would like to update this chart and now give a potential 80%+ target.
I also mapped a 34% as well as 52% target for those looking for faster/shorter term.
Thank you for reading.
Namaste.
OPUSDT
4 Crypto assets to add to watchlistHello traders
for the week ahead I have chosen these four assets to watch. the parameters that was taken into consideration was mostly onchain and fundamental data of these assets.
as you can see I have showed the possible scenarios that I think are possible for these assets.
let me know what you think in the comments.
Optimism (OP) formed bullish BAT | A good buy opportunityHi dear friends, hope you are well and welcome to the new trade setup of Optimism (OP) with US Dollar pair.
Previously we priceline of OP moved slightly down than PRZ level, however, then pumped well.
Now on a 2-hr time frame, OP has formed a bullish BAT pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
OPUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for OPUSDT
As we analyzed on November 15, we predicted a falling trend to happen and you see that after some days, the prediction came true and one of our targets is hit. There is R1 as our resistance area which contains the disability of the price to rise. S1 used to be another resistance area and S2 is the support line. Thus, we have the price fluctuating below R1 area and our expectation would be a decline in the coming days. Therefore, if we receive some falling signs, the short position of the chart is activated and the price faces a decline toward S1 or S2. But in case the price moves above R1 and fixes there, more rise is predicted there.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
OP SCLAP SHORT SETUPHello, dear traders. how are you ? Today we have a setup 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 - New Poop Coin Going BullOptimism heard about the ETH rush and wants to piggy-back.
By looking at it, it has potential.
Nice project, however, I am not so keen on these newly grown "mushrooms" right after the rain.
But, you asked.. so, I deliver.
Levels of Interest: $0.5 , $0.35 , $0.1 .
Optimism OP ( OPUSDT , OPUSD , OPBUSD ) Tech. Analysis:
* A-B-C Elliott Wave Correction
* Harmonic Pattern: AB=CD
* 88.6% Fibonacci Retracement
* 61.8% Fibonacci Extension
* Bullish Divergence
* Descending Wedge or Ending Diagonal
Thanks for HODLing ..
OPUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for OPUSDT
Currently, we have R2 and R1 as our resistance areas which both contain the disability of the price to rise. S1 used to be another resistance area and S2 is a support line. Thus, we have the price fluctuating in R1 area and our expectation would be a rising or falling tend to happen. If the price gives us some confirmation candles to rise, an increase would be predicted up to R2 or even higher amounts. Or if we receive some falling signs, the price will experience a fall to lower amounts such as S1 or S2. Let's wait for our updates and see what happens.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
Optimism poised for a 75% draw downTLDR: Lots of well established TA suggests OP takes out the previous lows at 0.41.
Analysis
I am going to begin with the divergence primer just in case a reader is unfamilar with the divergences and what they mean.
Divergence Primer
Classic Divergence (Trend Reversal)
Bearish: Higher highs on price action but lower highs on the indicator
Bullish: Lower lows on price action but higher lows on the indicator
Hidden (Trend Continuation)
Bearish: Lower high on the price action and higher highs on the indicator
Bullish: Higher low on the price action and a lower low on the indicator
As the chart shews both OPUSD and OPBTC both have great deal of hidden bearish divergence on the Log MACD (and histogram) as well as the RSI and Stochastic RSI.
The Gaussian channel is pretty powerful as support and resistance and generally speaking I get excited to buy beneath a red Gaussian channel or when I see price action powering its way through. Not so much with OP right now, with the hidden bearish divergences. I expect the top of the channel will continue as resistance.
Likewise the 100 Daily Moving Average is right above price action and I assume it will continue to act as resistance as well.
The volume situation doesn't look good to me either. With price breaking out above the Value Area of the VPVR to create all time highs and coming back in on both OPUSD and OPBTC I think we are going to see more typical behavior and the value area will act as resistance, especially on OPBTC.
The On Balance Volume has set virtually equal highs with this current peak and the peak from September. That is a sign of bullish exhaustion. It is also concerning that both the 10 and 20 SMA are below the 100. If the OBV regresses to the mean (the 10 or the 20) then that dip would get me deep into the money. Not all the way to target, but deep enough I can have a fairly profitable stop loss.
Here is a similar move on Matic over two years ago where Matic dupped and took out what looked like strong support at the 0 line before rallying up to just above the 0.618 retracement before crashing. From there it went 400x
If OP has a similar run then I will be quite pleased. Also, if OP crashes down to about the 0.28c I will go in full accumulation mode and hopefully we will see it run in another year or so.
Macro I still think a lot of the equities indices are mostly done with their downside. I also like a lot of the "OG" crypto currency coins like XMR, Dash, XPR, BCH and I think a lot of the nu-crypto coins that were the top runners of 2021 are going to crash at bit more before going into long consolidation. That is a lot of moving parts for me to hopefully get right.
OP SHORT SETUPHello, dear traders. how are you ? Today we have a setup 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
1st LEG UP - Let's Ride the 2nd One on OP/USDTAfter more than 2 Successful Short Positions on an ABC Pattern on OP/USDT Chart, Now The Price, has broken the 0-B Trend Line strongly and reached the 1st target of its movement.
Now we should wait for a correction wave, it could easily touch our Fibonacci Levels and after that, another Leg to about 1.5 $ which can make about 45% to 60% Gain without Leverage.
So in this condition, we offer to trade in the SPOT position or if you want to trade futures only with 2-3X Lev.! because we still think is a medium-range Correction for a Bigger Short Chance.
So Don't Make yourself an easy food for whales.
Keep Calm & Comment Your Idea Below
The possible rise of the cryptocurrency op could reach 70%hello trade
The price has reached a strong demand level and we are saturated with a large percentage, we will see a strong bounce, knowing that we have an upward wave that does not close, we may get an equal wave and the price will retest the supply levels
OPUSDTAfter two downward waves, the price has now corrected up to 78% of the previous wave. The thing to be careful about is the intensity of the trend. If this range, which I specified, shows weakness in the trend, I will look for a sell position .
For a safe and secure position, this analysis will be updated, stay with me .
OP SCALP SHORTHello, dear traders. how are you ? Today we have a setup 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