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OP / TETHER Standard Futures

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OPUSDT.PS trade ideas

Op goes to $100.What is Op, and why am i writing about it today? Optimism, in the context of blockchain technology like Ethereum, is a technique that enhances scalability by processing transactions off-chain in batches before settling them on the mainnet. Instead of individually processing each transaction on Ethereum's main blockchain, Optimism aggregates multiple transactions off-chain, thereby reducing congestion and fees. This approach boosts transaction speed and efficiency while maintaining Ethereum's security through periodic verification and settlement on the mainnet. Think of it like a faster lane on a highway that allows more transactions to flow swiftly without clogging up the main road, making decentralized applications (dApps) more practical and accessible by addressing Ethereum's scalability challenges. --- Op has recently transitioned to Stage 2. What is Stage 2? This is the final stage where the rollup becomes fully managed by smart contracts. At this point, the fraud proof system is permission-less, and users are given ample time to exit in the event of unwanted upgrades. The Security Council’s role is strictly confined to addressing soundness errors that can be adjudicated on-chain, and users are protected from governance attacks. --- So, why do i believe Op is ready for lift-off? Based on our primary theory, Op is currently in a macro bullish nest. A bullish nest consists of 1-2 sequences in Elliott Wave Theory. It can be likened to a consolidation phase where each preceding 1-2 sequence decreases in size, accompanied by seemingly reduced momentum. People often lose patience and are shaken out just before the parabolic expansion, (which we are identifying as the macro wave 3), unfolds. --- My estimated target for wave 3 sits at $20 My estimated target for wave 4 sits at $7 My estimated target for wave 5 sits at $100. All of this is set to take place into 2025. --- 🌙
Long
by Eloquent
1
Op goes to $100.What is Op, and why am i writing about it today? Optimism, in the context of blockchain technology like Ethereum, is a technique that enhances scalability by processing transactions off-chain in batches before settling them on the mainnet. Instead of individually processing each transaction on Ethereum's main blockchain, Optimism aggregates multiple transactions off-chain, thereby reducing congestion and fees. This approach boosts transaction speed and efficiency while maintaining Ethereum's security through periodic verification and settlement on the mainnet. Think of it like a faster lane on a highway that allows more transactions to flow swiftly without clogging up the main road, making decentralized applications (dApps) more practical and accessible by addressing Ethereum's scalability challenges. --- Op has recently transitioned to Stage 2. What is Stage 2? This is the final stage where the rollup becomes fully managed by smart contracts. At this point, the fraud proof system is permission-less, and users are given ample time to exit in the event of unwanted upgrades. The Security Council’s role is strictly confined to addressing soundness errors that can be adjudicated on-chain, and users are protected from governance attacks. --- So, why do i believe Op is ready for lift-off? Based on our primary theory, Op is currently in a macro bullish nest. A bullish nest consists of 1-2 sequences in Elliott Wave Theory. It can be likened to a consolidation phase where each preceding 1-2 sequence decreases in size, accompanied by seemingly reduced momentum. People often lose patience and are shaken out just before the parabolic expansion, (which we are identifying as the macro wave 3), unfolds. --- My estimated target for wave 3 sits at $20 My estimated target for wave 4 sits at $7 My estimated target for wave 5 sits at $100. All of this is set to take place into 2025. --- 🌙
Long
by Eloquent
Alikze »» OP | Pullback to the roof of the major is brokenIn the daily and weekly time, it is moving in an ascending channel, where three-wave movements are evident inside the channel. At present, with the failure of the major ceiling, it can continue its upward path by completing the pullback to the specified limits and the ceiling of the ascending channel. In the last part of this movement, it can be completed with another short correction and enter the continuation of its upward wave to the areas of divergence. But if it cannot maintain the range of the ceiling, it will have the possibility of correction to the bottom of the ascending channel. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Sincerely.❤️ »»»«««»»»«««»»»«««
Long
by alikze
OPUSDT Chart Update.Hello everyone, I’m Cryptorphic. For the past seven years, I’ve been sharing insightful charts and analysis. Follow me for: ~ Unbiased analyses on trending altcoins. ~ Identifying altcoins with 10x-50x potential. ~ Futures trade setups. ~ Daily updates on Bitcoin and Ethereum. ~ High time frame (HTF) market bottom and top calls. ~ Short-term market movements. ~ Charts supported by critical fundamentals. Now, let’s dive into this chart analysis: OP is currently holding decent support at $1.7 and is likely to rally higher if it continues to hold support between $1.65 and $1.8. OP has already dropped by 67% from its all-time high, and if it fails to hold the current support, we could see another 25%-35% drop. OP had 31.34 million tokens (2.88%) unlocked yesterday, but it still held its position. Another 10 million tokens (0.99%) will be unlocked in 13 days. Here are the key observations: ~ Primary Support/Entry 1: $1.65 to $1.8. ~ Lower Support/Entry 2: $1.18 to $1.38. ~ Resistance: $2.3 (21EMA). ~ Target: $5 to $6. ~ RSI: Close to the oversold range, indicating bullish momentum. DYOR. NFA Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see! Thank you! #PEACE
Long
by Cryptorphic
OP/TETHERUS Falling KnifeOutperformed by 61% of the top 100 crypto assets in 1 year Outperformed by ETH and SOL Only 14 green days in the last 30 days (47%) Less than 5% of the total supply is in circulation Optimism Token (OP) Surge Sparks Investor Frenzy: Key Drivers Behind the Rising Interest n Q1 2024, Optimism showcased robust network metrics, leading to a 9% increase in the value of its OP token. “Optimism remains a dominant player within the Ethereum ecosystem,” according to COINOTAG FINANCE. Despite the fee reductions, Optimism’s on-chain profit rose by 14% to $2 million in Q1 2024. The network’s Total Locked Value (TVL) increased by 18% to $1.2 billion, though it dropped to 11th place in the TVL ranking. The DeFi sector, which accounts for 86% of active addresses, led this growth. Notably, protocols like Synthetix, Aave, and Velodrome also showed significant increases in TVL. Key Insights for Investors Optimism’s network activity and transaction volume are on the rise. The average transaction fee has decreased, increasing user engagement. Despite market fluctuations, OP token value has shown short-term gains. The DeFi sector continues to drive TVL growth on the Optimism network. Stablecoin market cap on Optimism surged significantly, led by USDT and USDC. Despite Optimism’s solid performance in Q1 2024, its OP token did not sustain its peak price. After reaching an all-time high of $4.84 in March, it fell to a yearly low of $1.80. However, recent bullish trends in the broader cryptocurrency market have positively affected the OP coin. With a 9% price increase in the last 24 hours and a 3% rise over the past week, OP is currently trading at $2.56. CoinGecko data also indicates a 19% increase in trading volume, reaching $290 million in the last 48 hours.
Short
by DaveBrascoFX