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OPUSD

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
Optimism OP price aims for x10 growthIt seems that the price of OPUSDT is completing the formation of the corrective wave 2 and the longest wave 3 of growth may be ahead of us. Yesterday's trading day closed with a beautiful pin bar or hammer, which often serves as a signal for a trend reversal. Also, the shadow of the pin bar tested the strength of the liquidity zone $0.6-0.7, which previously acted as resistance and did not allow the OPUSD price to rise. Such data allows you to try a medium-term trade on the following conditions: Entry of the position at $0.71-0.73 Stop below $0.647 (-10.5%) Take profit $1.534 (+112%) Profit/loss ratio 11/1 Of course, you can fix take profit at each of the levels shown on the chart: $0.93 $1.15 $1.33 If we look at the Optimism token price chart globally, we can assume that the top of the 3rd wave of growth will be around $6.5-7.5, which is x10 growth from the current price _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
Long
by P_S_trade
21
OP: A RALLY LONG PENDING.Hello traders, I hope you all are doing great. Here's a quick update on OP in the USDT pair. Timeframe: 3 hours. Update: OP has been a long-awaited coin. It gave us good profit in the past and once again it is preparing for something big. This pattern once breaks out, will boost the possibility of a higher rally. The RSI is making a good hidden bullish divergence and man! The chart looks good. Entry if it breaks out: $0.84 to $0.86. Stop Loss: $0.235. Target: 8% to 15%. Note: Enter only when you see a breakout. Do not FOMO. I hope this chart is helpful for you. Trade safely.
Long
by Dexter_The_Trader
3
Fleeting Optimism Long term I am bullish on Bitcoin and Cryptocurrency. Short term, I think we are likely to see a rapid sell off to around $16.6k. When setting this trade up, I considered a way to lower the risk and increase the return. Rather than using leverage directly on Bitcoin , an asset with solid fundamentals and the safe haven in a cryptocurrency rout. I have taken shorts on two other cryptocurrencies, that I have priced as over valued. 1) I believe Ethereum Classic (ETC) is currently overvalued, due to a recent rally spurred by Ethereum's (ETH) 2.0 network upgrade. ETC has been pumped with the sales pitch >> ETH miners will move to ETC, dragging over a significant portion of the ETH user base over. This is not likely in my opinion and therefore the rally is not supported with fundamentals. I foresee a sell off to the $18-20 range, a range in which I will close out my position. Current trade entry of $41.60. 2) The second short is Optimism (OP), a relatively new cryptocurrency that has been pumped from $0.50 to $2.30. Even considering it's retreat from $2.30 to $1.15, I see a further pullback to $0.80 likely, maybe $0.60 will see. Entry of position at $1.46. Best of look out there. RISK: Crypto might rally with the upcoming upgrades of both ETH and ADA.
BINANCE:OPUSDShort
by FortunaAlgoAnalytics
These 3 Microcaps are RALLYING Now 🚀 Hi Traders, Investors and Speculators 📉📈 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩‍🏫 Here's a look at 3 altcoins that are surprisingly bullish while the rest of the market is trading bearish - WNXMUSDT , OPUSDT , BONDUSDT . Note that these are all fairly new coins and microcap coins, therefore your risk significantly increases when you participate in trading these coins. However, it is also true that diversity significantly decreases your risk. So take a look at these 3 microcap altcoins that are busy making gains whilst the rest of the markets are trading lower. I hope you enjoyed this post today! Please give us a thumbs up 👌 _________________ 👀 Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎 👍Hit like & Follow 🔔 We thank you for your support ! CryptoCheck
BLong
by CryptoCheck-
19
OPUSDT - Another 12% Pump Possible 🎯Hi Traders, Investors and Speculators 📉📈 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩‍🏫 A quick video analysis on OPUSDT - and possible short term price action by using two technical indicators together; the Phoenix ascending and Fibonacci Bollinger Bands. The best bet in terms of risk management would be to take most of your profits now if you have a lower entry, and leave the last for the possibility of another 12% increase from this point. Interested in a potential bounce zone for Bitcoin? See this idea here 👀 Pepe fan? This one's for YOU 👀 I hope you enjoyed this post today! Please give us a thumbs up 👌 _________________ 👀 Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎 👍Hit like & Follow 🔔 We thank you for your support ! CryptoCheck
Long
by CryptoCheck-
7