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Optimism

OP/USDT Downward Momentum ??? Optimism Today AnalysisHello Paradisers, spotlight on this token! 💎 OP bounced after touching the Bullish OB zone and managed to close above the support trendline of its bearish flag. 💎There's potential for OP to rise, possibly to test the supply zone, before a subsequent decline. The anticipated downward movement might lead OP to revisit the previous wick area, which is closely aligned with a robust demand zone. This area could witness significant buying activity if OP reaches it. 💎For those considering short positions, the supply zones between 1.52 - 1.6 could be ideal, with a stop loss set above the recent high. It's worth noting that on 28th August, there's a token unlock event for OP. Historically, prices tend to rise leading up to such events, only to experience a drop on an actual day. 💎This makes it highly plausible for OP to touch the accumulation buy zone post-unlock.
by MyCryptoParadise_Nathan
OP: Channel UpTrade setup : Trading in a Channel Up pattern. Trends are improving. We wait for a breakout, ideally with confirmation when price breaks above $1.80 resistance and 200-day Moving Average (~$1.97). Benefiting from the launch of Worldcoin (WLD), which is based on Optimism protocol. Pattern : Price is trading in a Channel Up pattern. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Trend : Uptrend on Medium-Term basis and Downtrend on Short- and Long-Term basis. Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral). Support and Resistance : Nearest Support Zone is $1.50 (previous resistance), then $1.20. The nearest Resistance Zone is $1.80, then $2.80
Long
by altFINS
1
OP: Channel DownTrade setup : Benefiting from the launch of Worldcoin (WLD), which is based on Optimism protocol. Trends are mixed but improving as the price bounced from $0.90 and broke back above a couple of key levels ($1.20, $1.50). Overall, it’s trading in a Channel Down pattern and we’re waiting for a breakout, ideally above 200-day Moving Average (~$1.95) that would confirm a trend reversal to Uptrend, with potential upside to $2.80 thereafter. Pattern : Price is trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Trend : Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis. Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $1.50 (previous resistance), then $1.20. The nearest Resistance Zone is $1.80, then $2.80
Long
by altFINS
1.828-2.045 is the support and resistance rangehello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (OPUSDT chart) Among the coins (tokens) that are expanding the coin ecosystem introduced previously, it is the only coin (token) that is showing an upward trend. (1M chart) Very little can be learned from the 1M charts as the charts have not yet been properly created. However, you can see that the Heikin Ashi candle has turned into a bullish sign. (1W chart) It is a matter of being able to keep the price above the MS-Signal indicator. If not, you should check if the price holds above 1.442. The 1.442 point corresponds to the HA-Low indicator point, so if you bought around this area, the first selling section is around the HA-High indicator. Therefore, the HA-High indicator is currently created at the 2.498 point, so there is a possibility of a rise up to around 2.498. However, it is likely that a new HA-High indicator will be created as the real price rises. If the HA-High indicator is newly created, the area around it corresponds to the first selling zone. (1D chart) I think there are three major sections of support and resistance. 1st: 2.498-2.932 2nd: 1.828-2.045 3rd: 0.919-1.129 Currently touching the 3rd section and ascending to the 2nd section. Therefore, if you bought in the 3rd segment, the 2nd segment corresponds to the selling segment. If not, it is possible to buy when support is confirmed in the 2nd section and sell in the 3rd section. OP belongs to the category that is expanding the coin ecosystem, but corresponds to a coin (token) that has just been created. Therefore, in order to trade over the medium term, it is necessary to increase the number of coins (tokens) corresponding to profit. You need to be careful because buying at a blind and low price and waiting unconditionally for the price to rise can tire people out. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
OP: Channel DownTrade setup : Benefiting from the launch of Worldcoin (WLD) , which is based on Optimism protocol . Trends are mixed but improving as the price bounced from $0.90 and broke back above a couple of key levels ($1.20, $1.50). Overall, it’s trading in a Channel Down pattern and we’re waiting for a breakout, ideally above 200-day Moving Average (~$1.95) that would confirm a trend reversal to Uptrend, with potential upside to $2.80 thereafter. Pattern : Price is trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Trend : Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis. Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $1.20, then $0.90. The nearest Resistance Zone is $1.50, which it broke, then $1.80, and $2.80
Long
by altFINS
1
The Next Evolution in DeFiRadiant, a cutting-edge decentralized finance (DeFi) platform, is poised to revolutionize the world of digital finance. With its innovative approach and commitment to security, Radiant aims to surpass industry giants like AAVE and become a trusted leader in the DeFi space. Trusted by more than 28,000 holders worldwide, Radiant has already garnered a strong and loyal community. As a testament to its reliability, Radiant's smart contracts have been thoroughly battle-tested and audited by multiple leading security firms, ensuring that users can confidently participate in the platform without compromising their assets. One of Radiant's key strengths lies in its commitment to security. The platform's development team has made security its highest priority, implementing robust measures to safeguard user funds and personal information. With Radiant, users can rest assured that their assets are protected by state-of-the-art security protocols. But Radiant isn't just about security—it's about pushing the boundaries of DeFi. With its omnichain money market, Radiant allows users to deposit and borrow assets seamlessly across various chains, eliminating the need for multiple transactions and bridging the liquidity silos that have long plagued the industry. This consolidation of fragmented liquidity enhances the overall DeFi ecosystem and creates a more seamless and user-friendly experience for all participants. In line with its forward-thinking vision, Radiant embraces sustainability with its gated emissions model. The Dynamic Liquidity Providers (dLP) mechanism incentivizes users who actively contribute to the protocol, fostering a more equitable and sustainable DeFi landscape. As Radiant continues to expand its cross-chain functionality and support for various collateral options, it sets itself apart as an innovative force to be reckoned with in the DeFi 3.0 era. By combining cutting-edge technology, a dedicated community, and an unwavering commitment to security, Radiant is poised to surpass industry giants like AAVE and establish itself as a driving force in the decentralized finance landscape. Join the Radiant revolution today and experience the future of DeFi in its full brilliance.
Long
by jackmusk
Optimism OP price responds well to the work of the teamToday, let's take a look at the OPUSDT price chart Given that the previous idea worked out well with a 30% increase, we can try to "guess" again) By the way, in the previous idea, we described the main upgrade features implemented by the Optimism team. Today, the next Optimism (OP) network upgrade will take place, the main task of which will be to reduce the average transaction inclusion delay from 2-4 seconds to 0-2 seconds. Also, today we announced a "fresh indicator" U.S. CPI (YoY): 3.0% (forecast 3.1%, previous value 4.0%) So all the fundamental conditions for growth are in place, now it's up to the market) Let's assume that the next target for the OPUSDT price will be a breakout of $1.50 and continued growth to $1.75 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
26
Worldcoin: The Currency of the FutureSam Altman: The Genius at the Helm When it comes to visionary leaders, Sam Altman stands out as one of the brightest minds in the world. A trailblazer in the realm of technological innovation and entrepreneurship, Altman's intellect and forward-thinking have left an indelible mark on various ventures. As the driving force behind the Worldcoin project, Altman's dedication to building the world's largest identity and financial network is apparent. His pursuit of making the network a public utility accessible to all individuals showcases his commitment to democratizing financial services and empowering people globally. Altman's brainchild, the World ID system, exemplifies his genius in preserving user privacy while ensuring seamless online verification through "Proof of Personhood" with zero-knowledge proofs. His emphasis on cutting-edge technology and its responsible application has revolutionized the concept of identity verification. Beyond Worldcoin, Altman's entrepreneurial achievements and visionary insights have earned him the reputation as the foremost intelligent mind of our time. His ability to identify opportunities and challenges on the horizon, coupled with his unwavering determination, have solidified his place as a remarkable leader in the tech industry. As we witness the rise of Worldcoin and the transformative impact it promises to have on the global financial landscape, we recognize Sam Altman's brilliance as a driving force behind this pioneering project. His visionary leadership is set to shape the future of identity and financial services, leaving an enduring legacy of innovation and progress.
Long
by jackmusk
4
Worldcoin (WLD) 1000XWorldcoin (WLD) aims to establish the world's largest identity and financial network, serving as a public utility with a vision of granting ownership to everyone. Central to the Worldcoin ecosystem is World ID, a privacy-focused global identity network. Through World ID, users can verify their identity online while safeguarding their privacy using zero-knowledge proofs. To participate in the Worldcoin protocol, individuals need to download the World App, the first wallet app supporting the creation of a World ID. To obtain a World ID, individuals visit physical imaging devices called Orbs, which are typically operated by independent local businesses known as Orb Operators. The Orbs use multispectral sensors to verify human uniqueness, and images are promptly deleted on-device by default (unless explicit consent for Data Custody is provided). All World IDs verified by Orbs are eligible to receive recurring grants of free WLD tokens (please note that WLD tokens are not available in the US; refer to the Worldcoin Tokenomics section in the project's whitepaper for more information). This distribution model has the potential to make WLD one of the most widely held digital currencies. The WLD token serves as a utility token with governance features, empowering users by giving them a voice in the future of the protocol. In addition to conventional "one-token-one-vote" governance mechanisms, World ID introduces the concept of "one-person-one-vote" mechanisms, which can be combined to create innovative governance approaches. The Worldcoin Foundation will collaborate with the community to determine how World ID and the WLD token will interact within the governance model (refer to the project's whitepaper for detailed information on governance and decentralization). While the community will ultimately shape the token's utility, other use cases could emerge beyond governance. For instance, users might choose to utilize the WLD token to pay for specific actions in the World App or other wallet apps, conduct transactions, or express support for various initiatives or causes. WLD operates as an ERC-20 token on the Ethereum network, with users receiving their grants on the Optimism Mainnet. As a result, the majority of WLD transactions are expected to take place on the Optimism network. Who Are the Founders of Worldcoin? Worldcoin was co-founded by Sam Altman, Alex Blania, and Max Novendstern (Max Novendstern departed from the project in July 2021). One of the most well-known co-founders, Sam Altman, is also the co-founder and current CEO of OpenAI, as well as the former president of Y Combinator, a prominent startup incubator. Initial research and development for the Worldcoin project were carried out by Tools for Humanity (TFH) and other partners. Worldcoin has successfully raised over 250 million USD through various funding rounds, attracting investments from prominent firms such as a16z, Khosla Ventures, Bain Capital Crypto, Blockchain Capital, Tiger Global, and others.
Long
by jackmusk
Next period of volatility : around August 2-12Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (OPUSDT chart) Around 1.660, the M-Signal indicator on the 1W chart and the 150 EMA are passing. So, the question is whether it can sustain the price by moving above 1.660. Looking at the 1W chart, we can see that it is out of a downtrend. So, if the price holds above 1.442, I expect it to rise. Looking at the big picture, you can see that there are three support and resistance zones. If it rises above 1.660, you should check whether it finds support or resistance in the 1.828-2.045 area. The next period of volatility is expected to start around August 2nd. --------------------------------------------------------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
OPUSD: Channel Up to test the 2 month Resistance.OPUSD is on a stellar rise within a Channel Up that is supported by the 1D MA50 and very balanced bullish technicals on the 1D timeframe (RSI = 63.931, MACD = 0.054, ADX = 31.710). The 1D MACD shows significant upside potential and we will take this opportunity to buy and target the LH trendline (TP = 1.8000). The Resistance Zone is between R1 (1.87500) and the 1D MA200. If the price closes over the 1D MA200 we will buy the breakout and target the 0.786 Fibonacci level, just under R2 (TP = 2.79500). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:OPUSDLong
by InvestingScope
1
OPUSDT Long idea"After a 70% drop, the price has entered an important area. It is an area with high liquidity, which is important both psychologically and technically. It is also the $1 region, which is also the 0.786 Fibonacci support level. The importance of this area can be understood from the duration of past price interactions and the number of touches it has experienced. The 0.786 Fibonacci support level can be considered one of the most significant support points for reversing the market trend, according to many analysts. However, the loss of this support can lead to further price decline. But don't forget that we also have a static resistance line and a trend resistance line, both placed at $1.20. Personally, I want to enter a long position at the green box because I know that if this move begins, we will have a major pump ahead." ⚠️"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help."
Long
by Madoir
7
Need to see support near 1.343 for short-term trend reversalHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (OPUSDT chart) Looking at the 1M chart, It can be seen that the 1.129 point is an important volume profile section. Looking at the 1W chart, We touched the 0.919 point, which is the volume profile section. Therefore, it is important to keep the price in the 0.919-1.129 zone or higher. I have touched all the important support and resistance sections that I have been talking about before. It touched the 0.919-1.129 section, which is the current 3rd section, and rose. In addition, since the HA-Low and HA-High indicators on the 1D chart were created below 1.343, if the price is maintained above 1.343, it is expected to rise to the 2nd interval around 1.828-2.045. Since the HA-Low indicator of the 1W chart has not yet been created, it is recommended to use the HA-Low and HA-High indicators of the 1D chart to increase the number of coins (tokens) corresponding to the profit. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
1