OPUSDT trade ideas
Optimism (OP) formed bullish Gartley for upto 33.50% pumpHi dear friends, hope you are well and welcome to the new trade setup of Optimism (OP) with US Dollar pair.
Previously we caught a nice trade of OP as below:
Now on a daily time frame, OP has formed another bullish Gartley move for another price reversal.
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
OP Tik Tak ⏱️🔥Hello Traders🖐🏿
As I said OP made a needle to important support zone.
My analysis is in a correct path.
I expect a move to 3$ from here and 5$ after some accumulate in 3$ zone.
Its just my idea, its not a financial advice.
Good luck.
Possible long oppertunity OPUSDT within the pattern, I longed OPUSDT no financial advice but if BTC behaves I see a move to above 5 dollars
Testing breakout of ascending channelOP is testing a breakdown from an ascending broadening channel and is on a confluence of support lines.
Equities have been rallying, both NYSE and ESS, but crypto has been drowning in fear.
I suspect this area will hold up into mid-march, but if it breaks down it would be an excellent point of inflation to be short in.
Short OPOP will go down hard for the rest of this year.
Overall we know the market will be going down over the next few weeks.
OP has serious problems.
Unlocks will inevitably send this coin tumbling.
Coinbase news is bad - see COIN chart.
This is a longterm play for the next 2-3 months. Although I expect we shall see some of these targets much sooner.
OP Big Pump is Incoming✨Hello Traders🖐🏿
OP is froming a descending triangle, that may break it after 2.35$ touch, We can open a long position in 2.35$, with targets those marked in the chart.
This scenario happened to this coin, when its price was dropped to 0.64$, and after that exploded.
Now 2.35 is 0.64.
OP\USDT Everything is in the analysis.
I think the price will make this move.
Manage your own trades and use analysis only for overview.
have a nice day❤️
$OP Flipping S/R and Breaking LTF Market StructureI'm shooting for the next most obvious resistance. My invalidation is a breakdown and close below the flipped S/R level below.
long OP$OP bounced off the support level and the ascending trendline. Bullish movement is expected to continue and reach the resistance level at 3.19$
LTF OP Short Into the Trend Line and 1H Order BlockQuick scalp opportunity as OP is retesting an S/R level .
Rejected 1-Hour Order Blocks and Broke Market StructureMy target is above the 1-hour bullish order block in green near the daily S/R level.
There seems to be confluence there with the trend line meeting as well.
Like MAGIC, I was too early with my first call a couple days ago.
Patience I must learn.
This Idea is for OPUSDT LongHi dear traders
So, today my idea about opusdt long
possible Entries for long is 2.51_2.65
targets is TP1: 2.82 and TP2: 3.05
BINANCE:OPUSDT
OP LONG SETUPHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG 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
Roll Up Rollup - Layer 2sSo the theme for the last bit of alt season was probably layer 1s such as AVAX and SOL
If dollar topping and risk bottoming here most things will do well
But i think one theme for the likely coming alt season would be layer 2s (scaling solutions)
The layers refer to the subsets of the future blockchain internet (web 3)
Vitalik has been bigging up L2s since the merge
If eth wins the web 3 race (not much competition) it needs to scale; and sharding is a long way off
As such as i see it we have an ascending hierarchy of scaling:
Side chains (matic)
Optimistic rollups (optimism)
Zk Snarks (Loopring, mina)
Zk starks (Immutable X)
Skale is a hybrid 1/2 as far as i am aware and matic/polygon is moving into starks and snarks
I think everything i mentioned here does fine
But until starkware has a token immutable x and possibly matic have some usp on starks i think
GRI 2022
OP updates$OP price reached the ceiling of the ascending channel and could not cross it and started to decrease, and it is likely that it will decrease to the price of $2.6, that is, to the bottom of the channel.
OP - Similar signs to BTCWas I wrong about OP back in December? Yep. I sure was. I'm not afraid to admit it, either. Nobody is right 100% of the time and if they claim to be, they're lying to you.
Alright, now that we have that behind us, lets look at OP from a purely tecnicaly perspective. I'm going to focus on the wavemaster and the momentum indicators and check the confluence they have with each other here on this 4h timeframe.
The red eyes on the chart are displayed when buy or sell signals formed on both indicators. The most recent orange eye happened to occur when the wavemaster indicator signaled a sell, but the momentum indicator showed that we weren't at the top of the momentum channel (not displayed).
We're also starting to see some signs of bearish divergence on these higher timeframes and we're also starting to see patterns of higher highs and higher lows with some compression evidence as well. I'd rather wait to see how the formation breaks vs trying to just simply short here and hope for the beest.
If you tried to short back in December, for instance, and had no risk management, your face got ripped off completely. At least exit with some dignity and know when you're wrong. Leave the asset and move on to something else if you're wrong. You can always come back and revisit another day which is exactly what I am doing with OP now. I walked away, let it go nuts, and now I'm back watching the formation to see what is coming next.
I'll continue to wait. The formation we're in typically resolves down, but we'll have to see what BTC decides to do and see if alts follow suit. Pay attention to USDT.D and BTC.D on higher timeframes. They'll give you the first clue as to what the market wants to do.
OP ready to get a new ATH?Considering Bitcoin breaking the resistances, if it continues to move up, OP can follow its strong bullish trend and break 3.2$ and even go higher.
Good risk to reward here for going long.
OPUSD ❕ above the strong supportThe price chart has fixed above 50EMA (4H TF)
I believe that OP can continue to rise after the fixation above the support.
