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Optimism

$OP - Ranging inside the Symmetrical TriangleHello my Fellow TraderZ, #Optimism $OP is looking on the 4 HTF. Price has been ranging inside the Symmetrical Triangle for 2 months and I'm soon expecting a breakout. I'm kind a bias towards #Bulls only if wee breakout of the Upper TL. But still if you wish to trade then $0.96-1.15 would be a good trading range for quick gains. Buy zone (yellow circle) is around EMA 50 & 200 and perhaps wee would see bullish cross. Happy Trading. CHEERS!!!
Long
by TRADER-GOKU
2
Trading idea OPUSDT.P - 4H Ichimoku cloudWhen prices go up, look for shorts. Here we trade 4H Ichimoku zones. Orange zone is the first place to look for a short on OPUSDT perpetual contract. What should we be looking at in order to trade this idea? Simple, observe the reaction when prices hit the zone, use RSI divergence as confirmation. - 4H close above the zone? - Higher high on RSI(14) on the 4H chart? Then we don't trade this idea. This set-up takes out liquidity above the previous highs. We might expect prices to fully penetrate the zone. Entry 2 gives you the best risk. For our stop loss, we look for a resistance level above the zone. We identify a resistance level at 1.1450 USDT on the Ichimoku chart, indicated by the arrow (left hand side on chart). For targets, we look at the current zone. Prices might break below 1 USDT, but lower take profits are less probable. We only take the high probability trade here, from level to level. Set your alert on 1.115 USDT and trade the reaction of the zone. Happy trading!
Short
by FR_Ambrosius
2
Optimism OP - New Poop Coin Going BullOptimism heard about the ETH rush and wants to piggy-back. By looking at it, it has potential. Nice project, however, I am not so keen on these newly grown "mushrooms" right after the rain. But, you asked.. so, I deliver. Levels of Interest: $0.5 , $0.35 , $0.1 . Optimism OP ( OPUSDT , OPUSD , OPBUSD ) Tech. Analysis: * A-B-C Elliott Wave Correction * Harmonic Pattern: AB=CD * 88.6% Fibonacci Retracement * 61.8% Fibonacci Extension * Bullish Divergence * Descending Wedge or Ending Diagonal Thanks for HODLing ..
OLong
by Lionheart-EWA
4
Optimism poised for a 75% draw downTLDR: Lots of well established TA suggests OP takes out the previous lows at 0.41. Analysis I am going to begin with the divergence primer just in case a reader is unfamilar with the divergences and what they mean. Divergence Primer Classic Divergence (Trend Reversal) Bearish: Higher highs on price action but lower highs on the indicator Bullish: Lower lows on price action but higher lows on the indicator Hidden (Trend Continuation) Bearish: Lower high on the price action and higher highs on the indicator Bullish: Higher low on the price action and a lower low on the indicator As the chart shews both OPUSD and OPBTC both have great deal of hidden bearish divergence on the Log MACD (and histogram) as well as the RSI and Stochastic RSI. The Gaussian channel is pretty powerful as support and resistance and generally speaking I get excited to buy beneath a red Gaussian channel or when I see price action powering its way through. Not so much with OP right now, with the hidden bearish divergences. I expect the top of the channel will continue as resistance. Likewise the 100 Daily Moving Average is right above price action and I assume it will continue to act as resistance as well. The volume situation doesn't look good to me either. With price breaking out above the Value Area of the VPVR to create all time highs and coming back in on both OPUSD and OPBTC I think we are going to see more typical behavior and the value area will act as resistance, especially on OPBTC. The On Balance Volume has set virtually equal highs with this current peak and the peak from September. That is a sign of bullish exhaustion. It is also concerning that both the 10 and 20 SMA are below the 100. If the OBV regresses to the mean (the 10 or the 20) then that dip would get me deep into the money. Not all the way to target, but deep enough I can have a fairly profitable stop loss. Here is a similar move on Matic over two years ago where Matic dupped and took out what looked like strong support at the 0 line before rallying up to just above the 0.618 retracement before crashing. From there it went 400x If OP has a similar run then I will be quite pleased. Also, if OP crashes down to about the 0.28c I will go in full accumulation mode and hopefully we will see it run in another year or so. Macro I still think a lot of the equities indices are mostly done with their downside. I also like a lot of the "OG" crypto currency coins like XMR, Dash, XPR, BCH and I think a lot of the nu-crypto coins that were the top runners of 2021 are going to crash at bit more before going into long consolidation. That is a lot of moving parts for me to hopefully get right.
Short
by This_Guhy
1
1st LEG UP - Let's Ride the 2nd One on OP/USDTAfter more than 2 Successful Short Positions on an ABC Pattern on OP/USDT Chart, Now The Price, has broken the 0-B Trend Line strongly and reached the 1st target of its movement. Now we should wait for a correction wave, it could easily touch our Fibonacci Levels and after that, another Leg to about 1.5 $ which can make about 45% to 60% Gain without Leverage. So in this condition, we offer to trade in the SPOT position or if you want to trade futures only with 2-3X Lev.! because we still think is a medium-range Correction for a Bigger Short Chance. So Don't Make yourself an easy food for whales. Keep Calm & Comment Your Idea Below
Long
by SasanSeifi
6
OP BUY SETUP - Bull Wave Is Coming!!OP's price just touched and bounced off from yellow support zone. Although there are many resistance areas on the top, but in the medium term, I am quite bullish with OP. Optimism’s main utility is to batch transactions on the Optimism network. Optimism allows users to enjoy lower gas fees on their transactions executed on the Optimism network through optimistic rollup technology. The project consists of the following major components working in conjunction: - Optimistic rollup: Optimism relies on the security of the Ethereum blockchain to process blocks that are created on the L2. - Ethereum Layer 2 scaling solution: Optimism is a Layer 2 scaling solution built on Ethereum which is EVM equivalent and has its own ecosystem of applications Entry: 0.70 ~ 0.71 I will use trailing stop-loss if price reached first target (R:R=1) ________________________ If this is your first time coming to my idea, thank you very much for taking the time to pay attention to it. My opinions are all subjective and personal. It might be right, or wrong, but there is one thing I can guarantee you will never go wrong - always set the SL for each entry before setting the TP for it. Don't forget to Follow, and comment your thoughts below, or simply a Boost button if you found it helpful. That encourages me a lot to share my ideas!
Long
by BuyDinhSellDay