$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.
OPUSDT
$OP - 4H Bullish ContinuationI believe we are seeing a similar consolidation as previously had indicated by the first pink arrow.
Paying close attention to how they close over the next few hours could be key in catching a great potential long setup here.
Rather for Spot holders or those looking to wager a LONG, I believe both would benefit at this level.
$OP On the way to a Grand Slam break out and new ATHNASDAQ:OP golden cross done with almost only 18% correction which is very bullish in my opinion. Daily moves indicates strong probability to resume upward momentum and big chance to make new ATH the soonest in my opinion.
Not financial advise and DYOR!!!
Optimism (OP) || R/R = 3:1Optimism (OP) is a layer 2 scaling solution for Ethereum that aims to increase the scalability, speed, and affordability of Ethereum transactions while maintaining security and smart contract compatibility. It utilizes a technology called Optimistic Rollups to achieve these goals.
News:
The Block || February will see $800 million of unlocks from Avalanche, Optimism, Aptos, and more.
Optimism To The Moon🩸 NASDAQ:OP #Optimism (OP/USDT) (March 12, 2024) (#OP, #Spot)
In 2024, Optimism continues to play a significant role in the Ethereum ecosystem as a Layer 2 optimistic rollup solution, emphasizing scalability and efficiency. With a total funding amount of $178.5 million, Optimism has attracted the interest of notable investors and companies, underscoring its potential in the blockchain space.
Optimism's growth has been fueled by strategic partnerships and upgrades, enhancing the network's appeal to developers and users alike. This focus on network efficiency and expanded utility positions Optimism for potential growth amid a broader market adoption of Layer 2 solutions. Optimism has seen a notable rise in its ecosystem, making it an attractive option for investors looking for promising cryptocurrency projects in the run-up to a potential 2024 bull market.
Tokenomics-wise, Optimism boasts a market cap of over $1.2 billion, with a total supply of approximately 4.3 billion tokens and an inflation rate of 2%. The distribution of these tokens is strategically allocated across retroactive public goods funding, investors, core contributors, the ecosystem fund, and airdrops. This allocation strategy underlines Optimism's commitment to both its community and its technological infrastructure.
🕵️ Investors (Tier 1,2):
a16z (Andreessen Horowitz), IDEO CoLab Ventures, Paradigm
As the crypto landscape continues to evolve, Optimism's developments and its role within the Ethereum scaling solution space signify the dynamic nature of the market, offering promising avenues for both developers and investors.
🟢 Entry price: $4.38
🟢 Take Profit 1: $8.76 (50%)
🟢 Take Profit 2: $18.80 (10%)
🟢 Take Profit 3: $23.50 (10%)
🟢 Take Profit 4: $28.20 (10%)
🟢 Take Profit 5: $32.90 (10%)
🟢 Take Profit 6: $37.60 (10%)
#OP/USDT confirmed breakout Ascending Triangle for Long entry!OP/USDT The identified pattern is an ascending triangle, which indicates an upcoming bullish uptrend. This suggests the potential for a significant price increase, potentially reaching as high as $12.
#OP/USDT LONG ENTRY
Leverage: 1x
Entries: $4.585
Take profit 1: $5.784
Take profit 2: $7.300
Take profit 3: $12.056
Stop Loss: $3.572
BINANCE:OPUSDT
NOTE: This is just my prediction. Be sure to use STOPLOSS and remember that I am not a financial adviser. your money, your risk!
Thanks
The sroced.
OP UpdateThis analysis is an update of the analysis that you can see at the bottom of this page, in the related analysis section
The diametric analysis of the previous analysis is still valid with one difference that the e wave is extended
Wave E appears to be an ascending zigzag.
It can continue to climb by maintaining the green lines.
Closing a daily candle below the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
OPUSDT Elliott Waves (Local Setup)Hello friends.
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Everything on the chart.
Entry: Market and lower
Targets: 4.4 - 4.6 - 4.8
after first target reached move ur stop in breakeven
Stop: ~3.3 (depending of ur risk).
RR: 1 to 2
ALWAYS follow ur RM.
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions
OP is bullishThe main structure and substructure are bullish and an important ceiling has just been broken
By maintaining demand, we expect to move to supply.
Closing a daily candle below the invalidation level will violate the analysis
Note that the financial market is risky, so:
Do not enter any position without confirmation and trigger.
Do not enter a position without setting a stop.
Do not enter a position without capital management.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
#OP/USDT#OP
The downtrend channel was broken strongly with a strong daily candle on a 1-day frame
The broken trend was retested
We also have an upward trend on the RSI indicator
We also have a higher stability moving average of 100
Entry price 9.31
The first goal is 9.67
Second goal 10.47
Third goal 11.17
OP after the pullback will continue to go upOP after the pullback will continue to go up
🔵Entry Zone 4.088 - 4.264
🔴SL 3.917
🟢TP1 4.685
🟢TP2 5.419
🟢TP3 7.065
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
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OP/USDT In an Unchartered Territory | 👀🚀What's Next for Op?💎Paradisers, let's take a closer look at #OPUSDT, showcasing vibrant market movements within an ascending channel framework.
💎At this moment, #Optimism is advancing towards the ascending resistance, starting from the demand zone. This scenario sets the stage for a potential price rebound from this area, aiming for an upward journey with the bearish Order Block (OB) as its forthcoming destination.
💎However, should NASDAQ:OP not manage to rebound and instead descends below the demand zone, it might see a fallback to the Bullish OB vicinity around the $3.13 mark, where it would seek rejuvenated drive for an ascent.
💎The Bullish OB zone has historically been a pivotal area for triggering significant market recoveries upon interaction. Yet, a compromise of this zone, indicating a shift towards bearish trends, may lead to a continuation of bullish momentum from a lower standpoint.
💎In case #OP doesn't leverage the momentum from this or any subsequent level, a persistent decline might ensue. Rest assured, Paradisers, your ParadiseTeam is vigilantly monitoring these shifts, ready to navigate you through these intricate market dynamics.
OPUSDT----> LONG(a Super Pump Coming)Hi Guys!
BINANCE:OPUSDT is one of the best in the market in terms of technical and fundamental aspects , and I know it's going to be the next BINANCE:SOLUSDT in the upcoming bullrun!
It looks like we will have a chance here to buy with a reward/risk of 10 if the yellow line broken and I personally wouldn't miss this opportunity if it happens .
Entry
above 1.5$ 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 ?
OP after breaking above the range bound will continue to go upOP after breaking above the range bound will continue to go up
🔵Entry Zone 3.710 - 3.855
🔴SL 03.409
🟢TP1 4.168
🟢TP2 5.904
🟢TP3 6.515
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
If you liked our ideas, please support us with your likes 👍 and comments.
OP - Breakout waiting to happenBINANCE:OPUSDT (1DH CHART) Technical Analysis Update
OP is currently trading at $3.777 and showing overall bullish sentiment and waiting to breakout from the resistance zone.
Breakout from the resistance zone will definitely fuel to bull run of the OP. OP is also one of the fundamentally strong coin so we cannot go wrong with the LONG entry for this coin while we wait for bull run continue.
Entry level: $ 4.292 (candle close above this)
Stop loss level: $ 3.697
Target 1: $ 4.597
Target 2: $ 5.061
Target 3: $ 5.571
Target 4: $ 6.610
Target 5: 6.792
Max Leverage: 2x
Don't forget to keep stop loss.
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Cheers
GreenCrypto
Rejection or Breakout for OP/USDT ? BINANCE:OPUSDT (4H CHART) Technical Analysis Update
OP is currently trading at $ and currently price is at the resistance line
We can expect price to either breakout from the resistance or get rejected from the resistance. We will enter trade based on whether price will get rejected or not.
LONG Trade Details (only after confirmed Breakout)
Entry level: $ 4.023
Stop loss level: $ 3.818
Target 1: $ 4.122
Target 2: $ 4.217
Target 3: $ 4.429
SHORT Trade Details (only after confirmed Rejection
Entry level: $ 3.818
Stop loss level: $ 3.978
Target 1: $3.723
Target 2: $3.623
Target 3: $3.458
Max Leverage: 5x
Stay tuned for updates on breakout or rejection.
Don't forget to keep stop loss.
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Cheers
GreenCrypto
Alikze → #OP | Pullback to broken resistance In time h1, after the failure of the resistance, which has now turned into support, and in dealing with the dynamic trigger, which has had a positive reaction several times and caused the price to grow. Now it is approaching the dynamic trigger as well as the support area. Therefore, if the current area encounters a reversal candle, it will have the ability to grow to the next supply and resistance area.
In addition, if the range of the green box is broken, at least correction up to 3.50 can be imagined.
If the behavior and structure of the currency changes, the post will be updated.
🟩Sup: 3.70
⛳️Tp 3.90
⛳️ Tp2 :3.95
⛳️ Tp3 : 4.10
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