Can #OP Bulls Defend this Key Levels or Not? Key Levels to WatchYello, Paradisers! Will #OPUSDT finally break free or are we about to see a deeper pullback? Let’s analyze the current #Optimism setup:
💎#OP is currently forming an ascending broadening wedge pattern, which often signals indecision but can result in a strong breakout or breakdown. The price is approaching a key resistance zone at $2.191, a level it must break decisively for bullish momentum to continue.
💎A confirmed daily close above this resistance would open the door for a rally toward the major resistance area between $2.800 and $3.000, where significant selling pressure could emerge. For this move to sustain, watch for strong volume and momentum to validate the breakout.
💎On the downside, #OPUSD is leaning heavily on the ascending support near $1.791, with a broader support zone sitting between $1.584 and $1.300. This area has proven to be a reliable base during recent declines, providing the liquidity needed for buyers to defend the trend.
💎However, if NASDAQ:OP closes a daily candle below $1.300, the bullish structure will break down, likely leading to a deeper retracement toward $1.000 or lower levels, signaling a shift in market sentiment.
Stay focused, patient, and disciplined, Paradisers🥂
MyCryptoParadise
iFeel the success🌴
Optimism
OPtimism At Its Best!📌Fundamental:
- Optimism (OP) is a Layer 2 scaling solution for Ethereum that enhances transaction speed and reduces costs through several distinctive features:
- Optimistic Rollups: Processes transactions off-chain and submits them to Ethereum in batches, increasing throughput and lowering fees.
USE THE BITCOIN
- EVM Compatibility: Fully compatible with the Ethereum Virtual Machine, allowing developers to deploy existing Ethereum smart contracts with minimal modifications.
USE THE BITCOIN
📌Technical:
OP rejected the lower bound of the rising broadening wedge pattern.
I am expecting a movement towards the upper bound of the wedge, targeting the $6 round number.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
OP Analysishello guys
We carefully analyzed this coin for you and determined the purchase areas and price targets.
If you are risk-taking, you can buy a step right here, otherwise, the two specified ranges in the case of a pullback are the ranges where we expect the price to move from there to the specified targets.
I am happy to support and follow us.
be successful and profitable
#OP/USDT
#OP
The price is moving in a descending channel on the 1-hour frame and is expected to continue upwards
We have a trend to stabilize above the moving average 100 again
We have a descending trend on the RSI indicator that supports the rise by breaking it upwards
We have a support area at the lower limit of the channel at 1.70
Entry price 1.77
First target 1.84
Second target 1.90
Third target 2.00
#OP/USDT#OP
The price is moving in a descending channel on the 1-hour frame and is expected to continue upwards
We have a trend to stabilize above the moving average 100 again
We have a descending trend on the RSI indicator that supports the rise by breaking it upwards
We have a support area at the lower limit of the channel at a price of 1.75
Entry price 1.87
First target 1.95
Second target 2.03
Third target 2.11
OPUSDT Elliott Waves AnalysisHello friends.
Please support my work by clicking the LIKE button👍(If you liked).
Everything on the chart.
Entry zone: market and lower
Targets: 3 - 4.5 - 6
after first target reached move ur stop to breakeven
Stop: under 1.3 (depending of ur risk).
ALWAYS follow ur RM
risk is justified
It's not financial advice.
DYOR!
#OP/USDT Ready to launch upwards#OP
The price is moving in a descending channel on the 1-hour frame and sticking to it well
We have a bounce from the lower limit of the descending channel, this support is at 2.10
We have a downtrend on the RSI indicator that is about to break, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 2.17
First target 2.28
Second target 2.40
Third target 2.60
VELODROME Binance / Coinbase probable ScenarioAn expected drop from ATH for VELODROME after Binance listing was highly expected.
While some claim it may drop further, the TA shows too many bullish pointers that should push the price at least till 0.28, with a possible retest in the 0.25-0.26 area.
I will personally make a risk and go long. If the price drops below the 0.225 area without a significant bounce back, we should expect a further drop till around the 0.2 area.
Velodrome is the most used DEX on Optimism and share the same team with the Aerodrome project, the most used DEX on BASE. Since AERO had a very nice uptrend since it's listing on Binance (Futures) with a steady 2$ area and a 1.4B Market Cap, along with the positive updates on Optimism, it is in my opinion safe to assume that Velodrome can reach at least half of Aerodrome's Market Cap, which would mean an easy 3x from today's price of 0.24$.
Not financial advice, INVEST ONLY WHAT YOU ARE READY TO LOSE.
For more TA, boost this posting and reach out.
Optimism OP price analysis#OP price has stopped before a strong mirror level of $2.85-3
📊 For confident growth to continue, the OKX:OPUSDT needs to consolidate above this mirror level.
1️⃣ Local target - $3.30
2️⃣ Medium-term - $4.20-4.30
_____________________
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Arbitrum and Optimism are becoming very interesting.According to previous cycles, when Bitcoin dominance peaks, Ethereum rises. Arguably, we are there, or about to be, and that made me focus on its ecosystem.
Two of its most known layers 2 are Optimism and Arbitrum, and I want to bring to your attention their charts against BTC.
Optimism is breaking out of a descending wedge, and its target is about 5200 sats, which is in fact a previous support/resistance. Volume is confirming the breakout, and we got a narrative on ETH.
Arbitrum is also breaking out of the same figure, whose target is about 1200 sats. Volume is increasing lately as well.
I'm already posicioned, but in case there is a retracement I'd ancourage you to take a closer look to an entry.
Optimism is determined to conquer the heights! $OPEverything here is beautiful! From technical analysis to blockchain analysis. I can see us moving in a parallel channel, where when combined with fibonacci we come to the 1.618 level right to the upper limits of this price channel. I would expect a value low in the area of $3.5 per coin with the most positive scenario expecting $7.1 per coin. I see the presence of a number of prominent Market Makers in the blockchain, but I don't like the contingent that holds this asset. Perhaps over time people will become disillusioned with the L2 range and sell their coins to a Marketmaker. Thus setting the stage for a hands free flight!
Best wishes, Horban brothers!
Optimisim Swing Long Idea - OP COIN LONGPrice has run the monthly liquidity, creating upward momentum and breaking the weekly bearish trend. Recently, we broke the bearish trendline that had been driving the bearish movement since Spring 2024. The price closed above the trendline, retested it, and then rejected strongly.
Currently, the price is moving impulsively upward as ETH gains bullish momentum.
I’ll be looking to open long positions within the weekly demand zone marked on the chart. I don’t expect another retest of the trendline, as we’ve already retested it and seen a solid rejection.
I’ll seek LTF confirmations before engaging with the price.
Stop-loss: Daily close below $1.27
Target 1: $3.04
Target 2: $4.05
Optimism attempting an invh&s breakoutOptimism leading the pack today, no guarantee it will maintain the neckline as support just yet though. I believe the fundamental news about it being one of the new 5 chains BUIDL will be on is contributing to the bullish momentum. This would make since because arbitrum is doing equally well right now also. *not financial advice*
OP / UsdtBINANCE:OPUSDT
NASDAQ:OP / USDT: Clean bullish breakout on the daily chart! 📈
We've seen a bullish breakout that suggests strong upward momentum. Now, I'm waiting for the retest of the breakout area before considering an entry. This is a classic move that often provides a great buying opportunity for those who are patient! ⏳
I believe there’s a solid chance for a long position around the $1.980 - $1.950 support zone. This area has shown strong support in the past and could be the perfect spot for entering a trade. 💣
Once we see a confirmation of the retest and a potential bounce off this level, it could be go time! 🚦
Looking higher, the upper key resistance zone is around $2.650 - $2.700. This will be a critical zone to watch, as a breakout above this could signal an even stronger rally. 🚀
Pump potential: I’m eyeing a potential +/- 30% move if the breakout continues to play out as expected! 📈💥
See you in a few days! Let’s keep an eye on how the price behaves around those key levels! 👀
Remember, this is not financial advice. 🙅♂️📊 Always do your own research before making any trading decisions.
#OP/USDT#OP
The price is moving in a descending channel on the 1-hour frame upwards and is expected to continue.
We have a trend to stabilize above the moving average 100 again.
We have a downtrend on the RSI indicator that supports the rise by breaking it upwards.
We have a support area at the lower limit of the channel at a price of
1.49
Entry price 1.55
First target 1.63
Second target 1.73
Third target 1.82
OP EXPANSION IS COMING BULLISHHi,
#opusdt is one the verge of a breakout. 130 days of consolidation is done here and now it's the right time to get out of this cagey range. #opusdt is going to break it's all time high in coming weeks and months.
buy $1.70-$1.60
invalidation $1.35
get out $4 - $5.5 - $6.5
let's wait and see.
Optimism (OP)Optimism is a layer-two blockchain on top of Ethereum which uses Optimistic Rollups to scale the Ethereum ecosystem. The project is new and there are not enough candles to draw the big picture. But anyway, it seems a triangle pattern with ABCDE waves is forming, so have to wait and see when the current corrective wave end and ride the 5th wave to the top. Let's see what happens.
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!✌