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Optimism

SasanSeifi| Bullish Trend Building as $1.90 Holds!Hey there, ✌ In the daily time frame, as you can see, the price of BINANCE:OPUSDT has been oscillating with a slight increase after holding the $1 level for a relatively long period. After an initial rise and hitting a supply zone, the price has returned to the demand zone around $1 and, after reaching this level, we have witnessed another slight increase. Currently, as shown in the chart, the long-term downward trendline has been broken in the daily time frame, and the price is moving toward the $2 level. This break in the downtrend could indicate a potential trend reversal and the beginning of a new upward movement. Considering the overall market conditions and existing demand, the likelihood of continued price growth in the short and medium term has increased. One scenario we can consider is that if the price stabilizes above the supply zone, which is currently near the $1.90 level, we can expect OP to move toward higher levels. In this case, mid-term and long-term price targets could range from $2.20, $2.50, to even $3. The key support zone on the daily time frame for OP is at the $1.50 level. 💢 Please remember that this is just my personal viewpoint and should not be taken as investment advice. I’d love to hear your thoughts and share opinions! Happy trading!✌😎 Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌
Long
by SasanSeifi
Optimism OP Became Optimistic AgainHello, Skyrexians! We continue analyze altcoins with big potential for the bull market. Couple of days ago we have already observed another one layer 2, today it's time for BINANCE:OPUSDT . Price of this crypto formed very interesting formation which can confuse most of traders. We analyzed it using the combination of Elliott waves analysis with our algorithmic indicators. Hope it will give you enough knowledge to make your own decision. On the price chart you can see the weekly time frame. We can consider all movements as the large accumulation zone because Optimism appeared in the most severe stage of past bear market. Its first growth is more likely to be the wave 1. After that we can see almost the same formation as for Arbitrum. This is the irregular correction in the wave 2, which consists of ABC waves. Wave C is likely to be finished. It touched the 0.61 Fibonacci retracement zone and Bullish/Bearish Reversal Bar Indicator printed the green dot. This is very high probability long setup. You can see earlier on the chart that this indicator flashed the red dot and after that we have see the huge bearish wave. We need to pay attention to its signals. The next potential move is the global wave 3. It can happen very fast and the target for it is defined by the Fibonacci extension. This is the zone between $7.71 and $11.68. Lower band of the zone is almost 10x from the current price. Best regards, Skyrexio Team ___________________________________________________________ Please, boost this article and subscribe our page if you like analysis!
Long
by Skyrexio
Alikze »» OP | C wave correction🔍 Technical analysis: C wave correction - It has been moving in an upward channel in weekly and daily time. - It is currently moving in a downward channel. - The last upward wave was a complete cycle of 5 waves, which was able to grow to the size of 0.78 of the previous wave, which then formed a corrective structure. - At present, the current corrective structure is a three-wave that can have two behavioral scenarios. 💎 First scenario: If the current zone cannot stabilize above the golden zone, wave C can extend to the specified PRZ zones (each of the PRZ zones can be a return zone). Therefore, if the current area is not maintained, the downward trend can continue. 💎 The second scenario: if it encounters demand in the golden zone, it can continue an upward trend in the form of a rising wave 3 or C, which at first can conquer its previous major ceiling and then continue to grow until the supply zone. If the behavior and structure of the post changes, it will be updated. »»»«««»»»«««»»»««« 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. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:OPUSDT
Short
by alikze
op goes to $32gm, read that title again, and let it sink in. --- optimism has been expanding extremely quickly over the last year,,, from large players like coinbase creating base on the chain, to a conglomerate like sony in the works of creating soneium... this is a rapidly growing chain, and there are incredible builders creating something truly magnificent as we progress into the future. --- optimism to me personally looks really good. there are a few ways i can label it, but this particular way is currently my favorite way, and it's is the "conservative" way. --- my conservative upside target on this project sits at $32 near the height of the upcoming alt-season. i do predict that it will most certainly go higher after, but that'll be an extreme which will be more than worthy of selling into. --- tldr; op to $32 as alt season begins.
Long
by Eloquent
2
Optimism (OP) Optimism 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 $300 million in TVL. Optimism price today is $1.23 with a 24 hour trading volume of 270 million dollars, OP price is up 15% in the last 24 hours after a little correction OP can hit 1.3 and 1.5 did you manage to buy OP at 0.8$?
by moonypto
15
OP & ALTs Resistance While I remain very bullish on crypto and alts I think this recent pump is not quite the true breakout. I like the OKX:OPUSDT chart because it's price action has been a nice cheat sheet/ indicator for where the crypto market is. Significant peaks are usually the tops and clear support zones are usually the bottom in the market. OP here seems to be replaying the same structure as last year. If it breaks out of this zone then perhaps alts are on the verge of the ultimate breakout. But in the past the major breakouts usually happen after a slow and gradual drift higher. The timing can be off but just using last year as a guideline. These sharp moves higher are usually shorts getting liquidated and longs jumping in from short term perp leverage traders which can be unsustainable for the true breakout back to ATH or new highs. There are exceptions like BINANCE:SUIUSDT where it shorts get liquidated, longs pile in, and lots of late spot fomo buying occurs. What invalidates this is if BTC creates a god candle breaking the 70k level from here and doesn't slow. It makes a little more sense to me if we see alt season towards very EOY or towards the very beginning of 2025 if crypto as a whole shows strength here in Q4.
by bhx10
1
OPUSDT: Is a Major Move Brewing? Time to Watch Out !Yello, Paradisers! Have you noticed #OPUSDT’s recent action? It’s been battling at key levels, and a potential explosive move is on the horizon. Could we be heading towards a breakout, or is there a pullback looming? Let’s break it down 💎#OPUSDT has been trading within an ascending triangle, consistently tapping its previous resistance zone. This structure shows bullish pressure, as the price keeps respecting its ascending support, indicating the buyers are firmly in control. 💎Recently, OPUSDT broke through its resistance level and successfully retested it, further solidifying the upward trend. The next major target sits at the $1.78 resistance zone. 💎If strong buying volume kicks in, OPUSDT could surge towards the next resistance cluster around $2.03 - $2.13. This level, however, could pose significant resistance. Pay close attention to this zone. 💎Despite the breakout, there’s always the possibility of a retracement. OPUSDT could dip towards a major support zone, regroup, and make another run toward resistance. 💎Watch for the 8H candle close below $1.335. If this level breaks, it could invalidate the bullish structure, signaling a move down to test further supports. As always Paradisers, patience and discipline are key. Only the most strategic Paradisers will catch the right entry points here. Stay focused, trade smart, and keep an eye on those critical levels if you want to be on the winning side of this market! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Jack
Breakout Alert: #OPUSDT has Broken Above the Falling WedgeYello, Paradisers! Are you ready to capitalize on the next big move in #OPUSDT? We've been laser-focused on #Optimism as it navigates a critical juncture, and it’s time to assess whether the bulls can take charge or not: 💎Currently, OPUSDT is showing promising signs of a bullish continuation from the bullish Order Block (OB) around $1.27. The falling wedge formation we've been tracking has broken to the upside, and momentum is building within this crucial demand area. 💎If this momentum persists, we could be on the brink of a strong bullish surge. But to confirm this bullish scenario, #OP must break above the minor resistance level at $2.02. We could witness a significant rally if this resistance is successfully breached, with the target set at the major resistance zone. 💎But don't let your guard down. If the momentum weakens and OPUSDT breaks below the bullish OB, we could see a dip toward the lower support zone between $1.06 and $1.15. 💎If the price continues to decline and we see a daily close below this area then it would invalidate the bullish outlook and might lead to further declines. Stay focused, patient, and disciplined, Paradisers🥂 MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon