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OPUSDT

OP/USDT - Optimism: TrendLine Touch◳◱ On the $OP/ CRYPTOCAP:USDT chart, the Trendline Touch pattern suggests momentum building up for a significant move. Traders might observe resistance around 3.643 | 4.089 | 4.933 and support near 2.799 | 2.401 | 1.557. Entering trades at 3.198 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: Optimism ▣ Rank: 49 ▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc ▣ Category/Sector: Infrastructure - Scaling ▣ Overview: None ◰◲ Technical Metrics : ▣ Mrkt Price: 3.198 ₮ ▣ 24HVol: 48,690,901.124 ₮ ▣ 24H Chng: 5.579% ▣ 7-Days Chng: -8.90% ▣ 1-Month Chng: -32.28% ▣ 3-Months Chng: -12.47% ◲◰ Pivot Points - Levels : ◥ Resistance: 3.643 | 4.089 | 4.933 ◢ Support: 2.799 | 2.401 | 1.557 ◱◳ Indicators recommendation : ▣ Oscillators: BUY ▣ Moving Averages: BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -5.26 ▣ Last 90D: 0.22 ▣ Last 1-Y: 0.73 ▣ Last 3-Y: 0.73 ◲◰ Volatility : ▣ Last 30D: 0.87 ▣ Last 90D: 0.88 ▣ Last 1-Y: 0.97 ▣ Last 3-Y: 1.35 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is N/A ▣ Reddit sentiment score is 0.68 - Bullish ▣ In-depth OPUSDT technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
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
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. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅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!!
Long
by CobraVanguard
$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
#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.
Long
by srocedtrading