OPUSDT trade ideas
Optimism 22423Is Optimism ready to fly? It has a fractal like structure of an Early, first few years, Bitcoin. The only thing that confuses me is the Fully Diluted Value as price seems fair where it is atm. However, We could get a big move up that would be easy profit taking. It's current valuation with circulating supply is undervalued. Play this one as aggressive profit taking mostly and keep a bag long term.
🔥 OP Retesting All-Time Highs: Patience Is KeyOP has seen incredible returns in January. February, on the other hand, has been quite the letdown.
However, OP has seen some strong gains over the last few days. Currently, OP is retesting the all-time high around $3.22.
I'm going to wait for OP to break out. If OP can see a significant break out in the near future we might see a new bullish trend start for the remainder of crypto as well.
Targets in blue.
OPUSDTBreakout of Symmetrical Triangle Pattern strong candle following with another green candle (which is yet to close) on 4h chart. Let's see if existing candle forms above the previous close or not . If so, we can see OPUSDT hitting 3.22 again or can go further above within next 3-4 days . 🤘💯
Let's wait n watch
HIGHER TARGETS EXPECTED FOR OP?Hello Traders & Investors!
I wanted to take a look at OP, as per dreamland_cyber's request
Thank you for submitting this request! :))
OP had been consolidating within a symmetrical triangle, for almost a month.
We were able to deduce a valid consolidation as volume was getting lower and lower as OP made its way to the apex.
Finally testing the 0.786 FE level as support before breaking out with very high volume to the upside!
My target for OP would be the 1.0 Fib extension level of 3.5733
OPUSDT MOONHello friends.
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Everything on the chart.(update)
long... long ...long.
thats all.
Good luck everyone!
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OP Cup and Handle PatternHey traders, exciting news for all of you! OP is breaking out of a trendline and cup & handle pattern on the 1 hour timeframe. I recommend doing some research and practicing proper risk management before going long. Keep in mind, it's important to be cautious of any potential movements in BTC. Happy trading!