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Optimism

OP/USDT probability of bullish continuation from demand? 👀🚀💎Paradisers, get ready for an intriguing phase in #OPUST market journey, hinting at a bullish surge from its current demand zone. 💎 Following a recent pushback from a formidable supply zone, #OPTIMISM has intriguingly swept through buy-side liquidity. This move sets the stage for a possible descent before it gears up for a bullish rebound from the pivotal demand zone at $2.339. If NASDAQ:OP harnesses enough bullish momentum here, we might witness a dynamic push towards challenging and possibly breaking through the robust external resistance zone above. 💎 The ever-vibrant and unpredictable crypto market calls for a strategy that's as dynamic as the market itself. Should #OP face resistance in cementing its stance within this crucial demand zone, a nimble and strategic pivot could be our key to success. 💎 In such a scenario, our Plan B springs into action: we'd be looking at initiating a bullish move from a strategically lower support level at $1.828 This level becomes our new watchtower, as its breach could unravel early signs of a shift towards a bearish landscape in #OP market story. 🌴💰
Long
by MyCryptoParadise
#op/USDT#op Finally, the downtrend was broken After almost a year of decline After breaking the downtrend, the price began to rise regularly over a period of days Current price 1.53 $ The price is expected to reach an initial target of 1.77 $ Before making the correction To continue the rise to the second target at a price of 2.93 $ This rise is supported by reversal patterns and a descending triangle that was broken As well as the presence of significant oversold saturation
Long
by CryptoAnalystSignal
OP (Y24.P1.E1).Still looking for more highsHi Traders, Its possible that this latest liquidity hunt was wave 4 initiation and then we get wave 5 when BTC hits the 48k range which will then give the Alts a turn to pump. The alternative is that BTC is doing wave 4 as well... but I still feel 47k and above is the target however if its not, then we are doing a macro wave 1 to 2 move.... I just don't think its there yet. I have been an advocate with Optimism for some time and was lucky enough to get the bottom way back June 22, still holding it. For now, these are the scenarios I"m thinking it can play out short-term. All the best, S.SAri
Long
by ssari
OP/USDT Breaking Through Resistance for a Bullish Rally? 👀 🚀💎 Paradisers OPUSDT is currently undergoing intriguing developments as it faces resistance. Breaking above this resistance holds a high probability of triggering a bullish move. 💎 In previous instances, OPTIMISM demonstrated a tendency to follow a descending channel, breaking above and initiating an upward move. Currently encountering robust resistance at 1.980, there is a strong likelihood that overcoming this barrier will propel OP into a bullish trajectory. 💎 Alternatively, if the price of OP fails to breach this robust resistance level, the cryptocurrency may strategize a bullish continuation from the demand level, marked by the previous low. However, breaching below this level could result in a significant downward move. Stay vigilant for these potential scenarios in the dynamic market environment
Long
by MyCryptoParadise_Simon
OP/USDT Poised for Bullish Movement from Key Support? 👀 🚀💎Paradisers, direct your attention to OPUSDT as it showcases a noteworthy pattern in the market. After a recent rejection from its resistance level, there's a heightened probability of a bullish movement originating from a previous resistance level, now acting as support. 💎Historically, #OPTIMISM has demonstrated a tendency to follow a descending trendline, breaking above it to initiate an upward trajectory. It successfully surpassed the first resistance (R1) at $1.894 but faced resistance at a higher level (R2) at $2.241. Currently, NASDAQ:OP is hinting at a revisit to R1, which has transitioned into a support zone. At this juncture, there's a strong potential for a bullish move aiming to breach R2. 💎 However, in the ever-evolving crypto market, #OP traders should be prepared for a range of outcomes. If the expected bullish ascent encounters challenges, shifting focus to a recovery strategy from the support level of $1.612 becomes vital. 💎 Significantly, a decline below this support level would necessitate a strategic shift. This scenario would call for a reevaluation of the bullish stance and an adjustment of trading strategies to better suit the emerging market trends. 🌴💰
Long
by MyCryptoParadise
Ethereum's Merge EIP-4844 can Boost OP to 4.44$Is good to have like minded cool friends and Cryptonite Clark is exactly that to me. ''Professor, Just reading about Ethereum's next merge, EIP-4844, that's happening later in the year. The main beneficiaries are Layer 2s (www.coingecko.com), as it will reduce the cost of rollups, which they rely on. There's likely to be a "Layer 2 narrative" leading up to it, and ETH will probably recover lost ground against BTC. ARB and OP are top picks.'' I did my research and he is absolutely right. Then again I do prefer OP vs ARB so here we go with an updated OP chart: Price is behaving nicely and a breakout over 1.60$ is my expectation for next. From there it's destination 2.33 which offers a nice trade with excellent R/R since risk (SL) is over 1.3 and reward (TP) lies alomost 4 times higher. Then again there is the ALTs possibility for Bullish scenario which can get the price to 4.44$: One Love, the FXPROFESSOR Awesome OP news: Coinbase's Base to adhere to Optimism's open neutrality framework Link: www.theblock.co
BINANCE:OPUSDLong
by FX_Professor
6
Coins that are expanding the coin ecosystemHello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- The altcoins that I am thinking of that are expanding the coin ecosystem are as follows. BNB, XRP, ADA, SOL, DOT, TRX, AVAX, MATIC, NEAR, ATOM, ALGO, KLAY, FTM, LINK, OP, WEMIX Since BTC and ETH are long-term investment coins, it is always best to have a large amount of them. BNB Coin is also a mid-term investment coin, but it has the disadvantage of being an exchange coin, so I think it is difficult to be a long-term investment coin like BTC and ETH. Therefore, please refer to the information explained below. Coins (tokens) that are expanding the coin ecosystem can be traded in the mid- to long-term in the direction of increasing the number of coins (tokens) corresponding to profits, if possible. In particular, I think that XRP, ADA, TRX, KLAY, OP, and WEMIX coins should focus on increasing the number of coins for profit. The reason is that each coin contains definite drawbacks. (OPUSDT chart) The key is whether the price can be maintained by rising above 2.289. (1D chart) To do so, the key is whether it can rise above the 2.125-2.176 range. If not, and it falls, you should check for support around 1.926. -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
by readCrypto
🐋 Deep Dive Part II: Whale Behavior & Market Mastery! 🌊📚Hey Crypto Enthusiasts! 🚀 In a recent analysis, I not only nailed Bitcoin's (BTC) movement but also illuminated the subsequent altcoin surge, driven by insightful whale behavior observations. Let's merge these insights with a focus on ADA (Cardano), OP (Optimism), SOL (Solana), and BTC. 📊 Cardano's (ADA) Meteoric Rise 🌟 ADA's journey began with a break above a pivotal support-resistance level. My entry point at 0.256 turned into a remarkable rally, hitting 52 cents. This movement was a classic case of altcoin buoyancy following Bitcoin's pause. Optimism (OP) and the Altcoin Breakouts 🌈 In the shadow of Bitcoin's stagnation, altcoins like OP exhibited significant breakouts, showcasing the shifting focus of market whales from Bitcoin to promising altcoins. Bitcoin (BTC) and Whale Dynamics 📉 Bitcoin's behavior provided a crystal ball into the whale activities. As BTC approached a major resistance level, it signaled a strategic move by whales to divert funds towards altcoins, catalyzing their surge. Solana (SOL) and Market Trends ☀️ Solana's chart also mirrored this trend, highlighting the broader market dynamics influenced by these significant players. 🔍 Insight on Whale Behavior: My analysis delved deep into the whale behavior, highlighting how Bitcoin's rally and subsequent pause was a precursor to altcoin dominance. This strategic pause in Bitcoin's ascent was a clear signal for the whales to redistribute their focus and capital, sparking a remarkable rise in altcoins like ADA, OP, and SOL. 🔄 The Bigger Picture - Understanding Market Shifts: What this trend teaches us is the importance of reading between the lines. Whale movements often precede major market shifts, and by understanding these patterns, we position ourselves to make informed decisions. 🧠 Future Outlook: As we continue to monitor these market dynamics, it's crucial to stay vigilant. The crypto market is known for its volatility, and while the current trend favors altcoins, it's essential to be prepared for any shifts that may arise. Always keep an eye on key resistance and support levels, market sentiment, and global economic factors that could influence the next big move. 🌐 Together, let's stay ahead of the curve in this fascinating and ever-evolving world of cryptocurrency. Your insights and engagement are what make this journey exciting and rewarding! One Love, The FXPROFESSOR 💙 part 1:
COINBASE:ADAUSDLong
by FX_Professor
2
OP (Optimism): Surging High in the Ethereum Layer-2 ArenaHello Crypto Enthusiasts! 👋 The FXProfessor here, spotlighting the impressive surge of OP, Optimism's native token. Let's dive into the factors driving this remarkable growth and its potential impact on the Ethereum ecosystem. Recent Price Surge: 🚀 OP experienced a jaw-dropping 25% rise in just 24 hours, reaching a high of $2.13, marking its highest trading level for the year (u.today). 📊 This surge is part of a broader 40% monthly upswing, fueled by a series of ecosystem updates and enhancements in Optimism's technology stack (u.today). Kraken's Influence: 💹 Kraken's introduction of Tether (USDT) deposits and withdrawals on Optimism played a significant role in propelling OP to an 8-month high of $2.188, signaling a market confidence boost (nulltx.com). 🌉 This development enhances the utility and accessibility of the Optimism network, promoting wider adoption and improved decentralized transaction capabilities (nulltx.com). Optimism's Technological Advancements: 🛠️ As a Layer-2 scaling solution for Ethereum, Optimism leverages optimistic rollups technology to enhance transaction throughput and reduce fees on the Ethereum mainnet (nulltx.com). ✅ The recent governance vote passed the first post-Bedrock network upgrade, "Canyon," reflecting Optimism's commitment to continuous improvement and innovation (u.today). 🌍 OP token holders enjoy the privilege of participating in protocol decisions, shaping the future of this growing ecosystem (nulltx.com). FXProfessor's Insight: 🌐 Optimism's strategic advancements and community-driven approach showcase its potential to revolutionize Layer-2 scaling solutions on Ethereum. 🔍 The sustained growth and recent surge in OP's value reflect the positive sentiment and trust in Optimism's capabilities and future prospects. Trade with foresight, embrace technological advancements, and let's witness the evolution of Optimism in the Ethereum Layer-2 space! One Love, The FXProfessor 💙 Links: nulltx.com u.today
BINANCE:OPUSDLong
by FX_Professor
1
OPUSDT - OPTIMISM IdeaHey Traders.. No Comment!! BINANCE:OPUSDT ⚠️ Disclaimer: The viewpoints shared represent my individual outlook on the market, based on publicly accessible information and historical data. While a portion of these opinions is influenced by my actual trades, others are not. It's important to note that I am not a financial advisor, and I do not assume any responsibility for the decisions you make in your trading activities. ✅ Feel free to share your inquiries or suggestions in the comments. I am more than willing to assess and analyze any cryptocurrency, forex currency pair, or stock index that piques your interest, so, Please don't hesitate to ask or mention the specific currency chart you'd like me to review.
Long
by Arash-RK
🐋 Deep Dive Part II: Whale Behavior & Market Mastery!🌊📚 (Vid)Hey Crypto Enthusiasts! 🚀 In a recent analysis, I not only nailed Bitcoin's (BTC) movement but also illuminated the subsequent altcoin surge, driven by insightful whale behavior observations. Let's merge these insights with a focus on ADA (Cardano), OP (Optimism), SOL (Solana), and BTC. 📊 Cardano's (ADA) Meteoric Rise 🌟 ADA's journey began with a break above a pivotal support-resistance level. My entry point at 0.256 turned into a remarkable rally, hitting 52 cents. This movement was a classic case of altcoin buoyancy following Bitcoin's pause. Optimism (OP) and the Altcoin Breakouts 🌈 In the shadow of Bitcoin's stagnation, altcoins like OP exhibited significant breakouts, showcasing the shifting focus of market whales from Bitcoin to promising altcoins. Bitcoin (BTC) and Whale Dynamics 📉 Bitcoin's behavior provided a crystal ball into the whale activities. As BTC approached a major resistance level, it signaled a strategic move by whales to divert funds towards altcoins, catalyzing their surge. Solana (SOL) and Market Trends ☀️ Solana's chart also mirrored this trend, highlighting the broader market dynamics influenced by these significant players. 🔍 Insight on Whale Behavior: My analysis delved deep into the whale behavior, highlighting how Bitcoin's rally and subsequent pause was a precursor to altcoin dominance. This strategic pause in Bitcoin's ascent was a clear signal for the whales to redistribute their focus and capital, sparking a remarkable rise in altcoins like ADA, OP, and SOL. 🔄 The Bigger Picture - Understanding Market Shifts: What this trend teaches us is the importance of reading between the lines. Whale movements often precede major market shifts, and by understanding these patterns, we position ourselves to make informed decisions. 🧠 Future Outlook: As we continue to monitor these market dynamics, it's crucial to stay vigilant. The crypto market is known for its volatility, and while the current trend favors altcoins, it's essential to be prepared for any shifts that may arise. Always keep an eye on key resistance and support levels, market sentiment, and global economic factors that could influence the next big move. 🌐 Together, let's stay ahead of the curve in this fascinating and ever-evolving world of cryptocurrency. Your insights and engagement are what make this journey exciting and rewarding! One Love, The FXPROFESSOR 💙 part 1:
Education
by FX_Professor
2