OP
Optimism 35/47% Short-Term Target MappedOptimism (OPUSDT) just yesterday reclaimed EMA50 and EMA100 and is now trading within a bullish consolidatin pattern.
Additional details can be seen on the chart.
This pair can move up short-term to hit 35% and even up to 47% with not much resistance on the way up.
On the way down, the recently reclaimed EMA50/100 level at $0.955 is the main support.
The main targets are listed again for convinience as follows:
1) $1.320
2) $1.520
Depending on how these levels are handled, we can map the next move and figure out if a correction will follow or if OPUSDT will continue straight up.
It is a young chart so we keep it short-term.
Namaste.
OPUSDT 4HOP made a beautiful triangular formation on the 4-hour chart, now at the lower base and should head towards the upper edge around 2,299, then either explode upwards or reverse the uptrend and pull back.
Here are the supports and resistances in the 4H:
Major support levels: 2068 / 1947
Main Endurance Levels :2,213 /2,299 / 2,495 / 2,562
MM200: At the height of 1496
The newly formed Optimism ecosystemHello?
Traders, welcome.
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Have a nice day.
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(OPUSDT 1W Chart)
Not long after the chart was created, not much is known.
It can be seen that a volume profile section is formed over the 0.919-1.129 section in the short, medium and long term.
(1D chart)
The current declared price (ATH) has been updated.
Buying under these circumstances is unthinkable.
Therefore, it is better to wait and see if the price moves down from this rise and converges in some area.
It is necessary to check whether it is supported in the 1.917.-2.024 section formed by the HA-High indicator point, or in the 1.583-1.660 section.
We need to make sure that the newly formed Optimism ecosystem can continue to expand.
Therefore, it is necessary to increase the number of coins (tokens) corresponding to profits while recovering the principal amount of the newly formed coins in the coin ecosystem as much as possible.
Otherwise, it is highly likely that you will suffer greatly if you proceed with the transaction by leaving the principal amount as it is.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator includes indicators that indicate points of support and resistance.
** Check the formulas for the MS-Signal, HA-Low, and HA-High indicators at ().
** HA SRRC indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor).
** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.)
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OP (Optimism) (Y23.P1.E1).Macro outlookHi Traders,
This is the bullish perspective, assuming BTC is not a fakeout.
If we break this level, it could lead to some measure moves and maybe this elliot wave count.
I discuss this further in the live stream I just finished.
Please give me a like and share,
cheers,
S.SAri
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