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OPUSDT trade ideas

OPUSDT - Altcoin with GOOD UPSIDE Potential (Wyckoff)Using the Wyckoff Method has always been my go-to strategy when looking for buy's. The theory behind it is that basically the market goes up, down, sideways, and up again etc. You can dive into more detail by taking a look at volume and trendlines, but for today's analysis we'll keep it simple and focus on the good upside potential for OP. The above clearly shows an excellent Elliot Wave Theory playout - 5 impulse waves up and the following three corrective waves - indicating the bottom is close. The above is classic Wyckoff Method Theory together with the emotions at each phase. OP, according to the above, is very close to bottoming out - in other words, a great place for accumulation. During the previous phase, the price increased over 400% over the course of a few months. If you have the patience, it can be a great increase. __________________________ BINANCE:OPUSDT
Long
by CryptoCheck-
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 notoriousbids
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 notoriousbids
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