OPUSDT
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.
OP COMPLETE ANALYSISComplete analysis of OP is given in this chart. Fisrt of all price is around bearish fvg where we can also see bearish order block. As highlighted on chart as well. I am watching a rejection from here towards bullish poi which is formed by OB+FVG+SSL and also did marker structure shift. Whats your point of view on this?
OPUSDT Road Map🗺️!!! situation+next targets.Hi.
BINANCE:OPUSDT
✅Today, I want to analyze OP for you in a Weekly time frame so that we can have a MID-term view of OP regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts).
All says above the incoming breakout and rally🚀
✅ Due to the Ascending structure of the chart...
🟢658 Days of Ascending Accumulation
🟢Higher Lows Structure
🟢Fixation above the $2.6-$3 Major Supply Zone (Megaphone)
🟢Megaphone is under the Upper Band of Ascending Accumulation
Stay awesome my friends.
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
$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.
$OP - 4H Bullish ContinuationI believe we are seeing a similar consolidation as previously had indicated by the first pink arrow.
Paying close attention to how they close over the next few hours could be key in catching a great potential long setup here.
Rather for Spot holders or those looking to wager a LONG, I believe both would benefit at this level.
OPUSDT S/R Flip TestingThe #OPUSDT pair has dropped to the S/R flip area. This zone should be closely monitored.
Take your risk, make some profit.
$OP On the way to a Grand Slam break out and new ATHNASDAQ:OP golden cross done with almost only 18% correction which is very bullish in my opinion. Daily moves indicates strong probability to resume upward momentum and big chance to make new ATH the soonest in my opinion.
Not financial advise and DYOR!!!
Optimism (OP) || R/R = 3:1Optimism (OP) is a layer 2 scaling solution for Ethereum that aims to increase the scalability, speed, and affordability of Ethereum transactions while maintaining security and smart contract compatibility. It utilizes a technology called Optimistic Rollups to achieve these goals.
News:
The Block || February will see $800 million of unlocks from Avalanche, Optimism, Aptos, and more.
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%)
OPUSD Fibonacci Profit targetOPUSD perform a nice bullish, and already have a small correction.
We have buy range at $4.284 - $3.889 to follow bullish wave and aim for fibonacci -0.382 AKA 1.618 at $5.281
Good luck
Are you OPTIMISTIC? #OPEth gas fees are hotting
ARB and OP
are going to be pushed hard by scum VC's
Here is Bull run projection
Still meat on the bone.
#OP/USDT confirmed breakout Ascending Triangle for Long entry!OP/USDT The identified pattern is an ascending triangle, which indicates an upcoming bullish uptrend. This suggests the potential for a significant price increase, potentially reaching as high as $12.
#OP/USDT LONG ENTRY
Leverage: 1x
Entries: $4.585
Take profit 1: $5.784
Take profit 2: $7.300
Take profit 3: $12.056
Stop Loss: $3.572
BINANCE:OPUSDT
NOTE: This is just my prediction. Be sure to use STOPLOSS and remember that I am not a financial adviser. your money, your risk!
Thanks
The sroced.
OP UpdateThis analysis is an update of the analysis that you can see at the bottom of this page, in the related analysis section
The diametric analysis of the previous analysis is still valid with one difference that the e wave is extended
Wave E appears to be an ascending zigzag.
It can continue to climb by maintaining the green lines.
Closing a daily candle below the invalidation level will violate the analysis
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 Elliott Waves (Local Setup)Hello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
Entry: Market and lower
Targets: 4.4 - 4.6 - 4.8
after first target reached move ur stop in breakeven
Stop: ~3.3 (depending of ur risk).
RR: 1 to 2
ALWAYS follow ur RM.
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions
OP is bullishThe main structure and substructure are bullish and an important ceiling has just been broken
By maintaining demand, we expect to move to supply.
Closing a daily candle below the invalidation level will violate the analysis
Note that the financial market is risky, so:
Do not enter any position without confirmation and trigger.
Do not enter a position without setting a stop.
Do not enter a position without capital management.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
#OP/USDT#OP
The downtrend channel was broken strongly with a strong daily candle on a 1-day frame
The broken trend was retested
We also have an upward trend on the RSI indicator
We also have a higher stability moving average of 100
Entry price 9.31
The first goal is 9.67
Second goal 10.47
Third goal 11.17
OP after the pullback will continue to go upOP after the pullback will continue to go up
🔵Entry Zone 4.088 - 4.264
🔴SL 3.917
🟢TP1 4.685
🟢TP2 5.419
🟢TP3 7.065
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
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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.
OPTIMISM TO $7BULL MARKET PHASE ON
OPtimism is breaking out of ascending trinagle with a bullish. buy signal
Target in chart
ETF approval for EThereum should help this narrative
OPUSDT----> LONG(a Super Pump Coming)Hi Guys!
BINANCE:OPUSDT is one of the best in the market in terms of technical and fundamental aspects , and I know it's going to be the next BINANCE:SOLUSDT in the upcoming bullrun!
It looks like we will have a chance here to buy with a reward/risk of 10 if the yellow line broken and I personally wouldn't miss this opportunity if it happens .
Entry
above 1.5$ 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 ?
OP after breaking above the range bound will continue to go upOP after breaking above the range bound will continue to go up
🔵Entry Zone 3.710 - 3.855
🔴SL 03.409
🟢TP1 4.168
🟢TP2 5.904
🟢TP3 6.515
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
If you liked our ideas, please support us with your likes 👍 and comments.
OPUSDTHi guys
Our support areas have been well maintained so far. But note that our resistance areas are also reserved.
It seems that we can enter into an attractive selling deal relative to the $4.033 range, provided that the $4.285 resistance zone is maintained.
What do you think?
