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Optimismlong

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
Optimism setup long and short for future trade As shown below, since three months ago, the ETHBTC reaction has been occurring and slowly taking control. This can be used on coins that are tied to ETH. Fundamentally excellent price for DCA, but I would like to show the chance to those who deal with future trade. With the setup, it is great to find where our analyzes are no longer valid and we need to admit that we are not right. Optimism is one of the coins that correctly did 1,2,3 according to Elliot. Now the question is whether the 4th wave will manage to reach our order, but we must be disciplined because this analysis is canceled if the fourth wave reaches deep enough to the first, where the setup is no longer valid. Why this setup gives us the possibility of long - here is daily fvg, 4h fvg, 2h fvg, fibonacci for retest as well as theoretical knowledge about Elliott waves
Long
by learnfromfailure
Optimism OP price has been moving in its own "special way"Today, NASDAQ:OP #Optimism has attracted attention because it is not falling in line with CRYPTOCAP:BTC and other altcoins. In fact, for the past two weeks, the #OPUSDT price has been moving in its own "special way". Perhaps there is already some fundamental news ready for this price movement, do you know anything? Share in the comments. The critical level below is $2.30. If buyers hold on, then theoretically, the OP price could start to rise dynamically. Up to $3.40, or maybe even $4.40, or maybe even higher) Let's wait and see) _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
$OP - 2H LTF Bearish Trend ReversalI believe we have found a local bottom for NASDAQ:OP around $2.98. I had bids set at $2.95 so bummed that those didn't fill. However, I did add to my already long position between $3.05-3.15 The market want's more I believe & Optimism is too hard to ignore. Really liking the reaction that I'm seeing out of it at the moment in current market conditions as a lot of other bigger tokens bleed off. For perspective, I longed this orginally around $4.30 & have been DCA on the pull back since. My theory is that NASDAQ:BASE is getting A LOT of attention rn from Coinbase & BASE relies on the success of Optimism. If Brian Armstrong & coinbase bros start talking about OP as a good investment... I believe the markets react HUGE. Please be safe & assume all responsibility for your own trades.
Long
by TheRealCryptoDaddi
OPUSDT----> LONG(a Super Pump Coming)Hi Guys! BINANCE:OPUSDT is one of the best in the market in terms of technical and fundamental aspects , and I know it's going to be the next BINANCE:SOLUSDT in the upcoming bullrun! It looks like we will have a chance here to buy with a reward/risk of 10 if the yellow line broken and I personally wouldn't miss this opportunity if it happens . Entry above 1.5$ level TP Short-term 1.8$- 2.8$ Mid-term $3.5$- 5.5$ Long-term 7.5$ 10$ SL under 1.3$ Level What you guys think about $Optimism ?
Long
by thegreatoneinthemetaverse
2
Optimism - Ethereum Rollups Solution breaks ascending triangle Optimism- CRYPTOCAP:OP This is a potential long term asymmetrical trade with 640% potential and a -20% loss potential. ⌛️ Potential Ascending Triangle Breakout ✅ OBV Volume breakout and retest ✅ An increasing volume profile (peaks and valleys) ✅ DSS Bressert Cross The entry and stop loss is noted on the chart. The 4.236 fib ext level aligns with the ascending triangle target (purple arrow). This would be the most optimistic scenario and prior to reaching this we would have taken profits along the way. I think there is a possibility of a retest lower as set out with the fractal candles, the recent low of $2.63 needs to hold in my view hence why this is also my stop. If re captured we could re enter the trade so no great loss either way. I have an open small allocation and will add in the event of pull back What Is Optimism (OP)? Optimism (OP) 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 (think lightening network but for Ethereum). Happy trading PUKA
COINBASE:OPUSDLong
by PukaCharts
OP → Optimism 200% Bull Run! About to Reverse? Let's Answer.Optimism had a 200% bull run from November 9th to December 27th. With three legs up, and multiple failed attempts to break $4.20, are we due for a reversal to the downside? How do we trade this? 🤔 Short answer, no. We don't have enough data to enter a short because we're lacking confirmation. Three pushes in a trend is an indicator that we need to start looking for signs of a trend change, the failed attempts to break $4.20 is another great reversal example, the RSI falling around 61.00 and below the moving average is the cherry on top. However, we're still above the 30EMA going sideways and there are no laws saying we can't have a 4th leg up. We likely need to go sideways for a while and retest $4.20. It's almost important to watch Bitcoin as a market indicator and see how it responds to the recent sell-off from the measured move top. Bitcoin could make a run to $50,000 which surely could take Optimism with it for a 4th leg. If Bitcoin falls and starts its pullback, we should have a shot to short scalp OP. For now, wait on the sidelines for the price action to deliver the required behavior. Until then, you'll be much wealthier waiting on the sidelines! 💡 Trade Idea 💡 Short Entry: $3.60 🟥 Stop Loss: $4.34 ✅ Take Profit: $2.50 ⚖️ Risk/Reward Ratio: 1:1.5 🔑 Key Takeaways 🔑 1. Three Pushes up in a Bull Channel. 2. Potential Double Top at Resistance Zone 3. Gap to 30EMA and Support Zone 4. Enter 1:1.5 Short Scalp with Confirmation 5. RSI at 61.00 and below Moving Average. Bias to Short. 💰 Trading Tip 💰 The RSI on its own is a weak datapoint to make a trade decision. But when used as a supplement to key price action analysis, can be a fantastic orientation check on the state of the market. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
COINBASE:OPUSDShort
by TraderEngineering
OP: Falling Wedge BreakoutTrade setup : Bullish breakout from Falling Wedge pattern, which was confirmed with break above $1.50 resistance and 200-day moving average, and signals a bullish trend reversal to an Uptrend. Price could revisit $1.80 resistance next. This Layer-2 protocol has benefited from the launch of Worldcoin (WLD) and Base layer-2 network, which are based on Optimism protocol. Patterns : Falling Wedge Usually results in a bullish breakout. When price breaks the upper trend line the price is expected to trend higher. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout and then place a BUY order. Trend : Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis. Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening. 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
Long
by altFINS
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