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 trade ideas
OPUSDT MOONHello friends.
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Everything on the chart.(update)
long... long ...long.
thats all.
Good luck everyone!
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It's not financial advice.
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Open to any questions and suggestions.
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!
OPUSDTWhat Is Optimism (OP)?
Optimism (OP) is a layer-two blockchain on top of Ethereum. Optimism benefits from the security of the Ethereum mainnet and helps scale the Ethereum ecosystem by using optimistic rollups. That means transactions are trustlessly recorded on Optimism but ultimately secured on Ethereum.
Optimism is one of the biggest scaling solutions for Ethereum with over $500 million in TVL. It is home to 97 protocols, the biggest being Synthetix (SNX), a derivatives exchange, Uniswap (UNI), a DEX, and Velodrome (VELO), an AMM. Users can begin their journey on Optimism by adding the chain on their Metamask and bridging tokens like ETH to the L2. On May 31, 2022, Optimism conducted a highly anticipated airdrop of its OP token.