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OPUSDT trade ideas

OP FRACTALS: 10$ is nearFractal patterns are recurring patterns that appear at different scales on a chart. They can be used to identify potential support and resistance levels, as well as trend reversals. This article will analyze the OP/USDT chart using fractals and other technical indicators to identify potential trading opportunities. Fractal Analysis: Ascending Channel: OP/USDT has been trading in an ascending channel since its listing on Binance. The channel is characterized by a series of higher highs and higher lows. Triangle Patterns: Within the ascending channel, OP/USDT has formed several triangle patterns. These patterns are often seen as consolidation periods before a breakout. Accumulation Patterns: OP/USDT has also formed various accumulation patterns, such as bull flags and pennants. These patterns suggest that buyers are accumulating the coin in preparation for a bullish move. Orderflow Analysis: Sweep Liquidity: OP/USDT has exhibited instances of sweep liquidity, where large buy orders quickly push the price up, absorbing all the available sell orders. This indicates strong buying pressure. Order Book Analysis: The order book shows the distribution of buy and sell orders at different price levels. By analyzing the order book, traders can identify potential areas of support and resistance. Trading Opportunities: Breakouts: Traders can look for potential breakout opportunities when OP/USDT approaches the upper or lower boundary of the ascending channel. Retracements: After a breakout, traders can look for retracement opportunities to enter a trade in the direction of the breakout. Support and Resistance: Traders can use the identified support and resistance levels to enter long or short positions. Conclusion: Fractal analysis and orderflow analysis can provide valuable insights into the potential price movements of OP/USDT. By identifying these patterns and understanding the underlying market forces, traders can make more informed trading decisions.
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by Yaroslav_Krasko
Optimism Offloads $90M Worth of Tokens in Private DealThe Optimism Foundation has made headlines with its recent private sale of governance tokens, sparking discussions within the Ethereum community. Let's delve into the details of this significant transaction, analyzing its implications, transparency, and the varied responses it has garnered. Unveiling the Sale: The Optimism Foundation ( NASDAQ:OP ), stewards of the Ethereum layer-2 blockchain, recently announced a private sale of approximately 19.5 million of its governance tokens. Valued at around $90 million, this move signifies a strategic decision by the organization to manage its token treasury effectively. Understanding the Vesting Period: Central to the sale is a two-year vesting period imposed on the buyer, preventing immediate token liquidation. This mechanism aims to maintain stability within the ecosystem while enabling governance participation for the purchaser. Such measures underscore the foundation's commitment to responsible token distribution and long-term sustainability. Transparency and Community Discourse: While the sale was conducted privately, it sparked debates within the Ethereum community regarding transparency and governance practices. Ethereum advocate Anthony Sassano expressed concerns over the lack of transparency, highlighting the importance of open communication in fostering trust. However, others defended the foundation's actions, acknowledging the necessity for sustainable funding and operational viability. Strategic Asset Allocation: The sale draws from the "unallocated portion" of the NASDAQ:OP token treasury, constituting 30% of the initial token supply. This strategic allocation reflects the foundation's prudent management of resources to support ongoing development initiatives and ecosystem growth. Lessons from Past Transactions: This isn't the first time Optimism has engaged in a private token sale. A similar transaction occurred in September 2023, raising $160 million, albeit with similar concerns raised within the community. However, the adherence to a two-year lockup period mitigated immediate market impacts, emphasizing the importance of structured token release strategies. Conclusion: As the Ethereum ecosystem continues to evolve, governance token sales play a pivotal role in shaping the trajectory of projects like Optimism ( NASDAQ:OP ). While debates surrounding transparency and strategic asset management persist, the foundation's commitment to long-term sustainability and ecosystem development remains unwavering. Moving forward, open dialogue and collaborative decision-making will be key in navigating the complexities of token economics and community governance in the blockchain space.
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by DEXWireNews
2
OP Coin Technical Analysis: Weekly and Daily TimeframesIntroduction OP is the native token of the Optimism PBC Layer 2 scaling solution for the Ethereum blockchain. It is a governance token that allows holders to participate in the protocol's governance process. OP launched in May 2022 and quickly gained traction due to its association with Optimism, a popular scaling solution. Weekly Timeframe Analysis After listing, OP experienced three bearish candles, followed by a 92-week bullish trend. This strong uptrend indicates the coin's strength and momentum. Daily Timeframe Analysis OP has recently undergone a trend reversal following a mid-term downtrend. A powerful breakout from the $2.965-$3.947 range led to new all-time highs (ATHs). There is a potential for further bullish movements in the future. Important Considerations Entering a long position at this time may not be the most prudent strategy. A more cautious approach would be to wait for a pullback and then enter at an opportune moment. Entering with a wide stop-loss also carries significant risk, but there is a chance of reaching target prices. Conclusion OP exhibits a strong bullish trend on both the weekly and daily timeframes. The coin has the potential to continue its uptrend in the future. Enter positions cautiously and with a clear understanding of the associated risks. Similar Coins Other Layer 2 scaling tokens such as Polygon's MATIC and Arbitrum's One (ONE) share similar characteristics with OP. These coins all aim to address scalability issues on the Ethereum blockchain. Disclaimer This analysis is for informational purposes only and should not be considered investment advice. Always conduct your own research before making any investment decisions.
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by atamq
#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.
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by srocedtrading
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
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by behdark
1
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
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by trytofeelpositive
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
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by iMoneyTeam
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 $3.13 mark, where it would seek rejuvenated drive for an ascent. 💎The Bullish OB zone has historically been a pivotal area for triggering significant market recoveries upon interaction. Yet, a compromise of this zone, indicating a shift towards bearish trends, may lead to a continuation of bullish momentum from a lower standpoint. 💎In case #OP doesn't leverage the momentum from this or any subsequent level, a persistent decline might ensue. Rest assured, Paradisers, your ParadiseTeam is vigilantly monitoring these shifts, ready to navigate you through these intricate market dynamics.
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by MyCryptoParadise_Simon
2
OPUSDT----> LONG(a Super Pump Coming)Hi Guys! BINANCE:OPUSDT is one of the best in the market in terms of technical and fundamental aspects , and I know it's going to be the next BINANCE:SOLUSDT in the upcoming bullrun! It looks like we will have a chance here to buy with a reward/risk of 10 if the yellow line broken and I personally wouldn't miss this opportunity if it happens . Entry above 1.5$ 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 ?
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by OdinSights
2
OP Price Analysis: Bulls Eyeing $5.049 BreakoutOP (OP) is currently facing resistance at the top of its daily channel. The bulls are looking to break above this resistance level, which could open the door to a rally towards $5.049. Strong technicals: OP's moving averages (MAs) are trending bullish, with the 50-day MA crossing above the 200-day MA. The relative strength index (RSI) is also in bullish territory, above 70. Positive market sentiment: The Fear & Greed Index is currently in "Extreme Greed" territory, indicating that investors are bullish on cryptocurrencies. Upcoming catalysts: OP is scheduled to launch its OP Games Store on March 8, which could boost demand for the token. Potential Risks: The bulls are in control of OP, and the technicals are pointing to further upside. A breakout above the daily channel could trigger a parabolic rally towards $5.049. However, investors should be aware of the risks of Bitcoin volatility and profit-taking. Disclaimer: This is not financial advice. Please do your own research before investing.
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by sansoorchi
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.
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by JosephMcKenzie