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OPUSDTPERP

OPUSDT UpdateBINANCE:OPUSDT current situation is as follows: OP is currently in a neutral position. In my previous post, I correctly predicted a 40% growth and a 20% price drop for this currency. However, the price is now caught between strong support and resistance, and I don't want to take any trades in between. But where and when should we enter a short or long position? I'm waiting for one of these two scenarios to occur. Either the resistance line breaks with strength and the daily candle closes above the resistance level with a significant gap, and then I wait for a retest, or the same conditions occur for the support line. Apart from these two scenarios, I have no intention of entering a position because I don't want to get stuck in this range, and I want to catch the larger waves. ⚠️ "Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help." Don't forget to like and comment
by Madoir
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
Will the Optimism update help OPUSDT price accelerate?Last week, there was a very important update for Layer2 of the Optimism Bedrock network. Key points of the optimization: Commission reduction by more than 50%+. Time for depositing funds has been reduced from 10 to ~3 minutes due to the "fee market" model, which helps to prevent DoS attacks. Improved Node/ performance, reducing node synchronization time by 50 times. Reduced fees make Optimism Mainnet the cheapest Ethereum L2 for token exchange. The Optimism team is actively working on the project's development, building a very strong ecosystem, and seems to believe in the prospects of their brainchild. But so far, all these updates have not had much of an impact on the OPUSDT price. Looking at the chart, we can assume that the growth of the Optimism token price to a strong liquidity zone of $1.47-1.50 in the coming days is a very positive scenario. Let's see, if the crypto market participants are interested in Optimism, to push the Op price up in the future, and the number of likes and comments under this idea will be a good "litmus test". _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
24
Optimism(OP) will lose 💣at least➖12%💣of its value!!!Better to know first what is the Optmisim(OP) project. 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. Optimism is one of the biggest scaling solutions for Ethereum with over $500 million in TVL. It is home to 97 protocols, the biggest being Synthetix (SNX), a derivatives exchange, Uniswap (UNI), a DEX, and Velodrome (VELO), an AMM. Users can begin their journey on Optimism by adding the chain on their Metamask and bridging tokens like ETH to the L2. On May 31, 2022, Optimism conducted a highly anticipated airdrop of its OP token. ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Optimis lost its support line after accepting defeat from the resistance line. While losing the support line, it managed to form a descending channel, and now the lower line of this channel is also broken by the breakout candle. I expect Optimism to drop to at least the 🟢support zone($2.24-$1.99)🟢. Optimism Analyze ( OPUSDT ), 1-hour Time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
4
OPUSDT in a downtrend now (50 % profit)OPUSDT looks like it's ready to dump . The price broke the upsloping support. We may see a bounce and the rejection from the line which should be acting as a resistance now. However, the dump without the bounce is also likely. RSI in a downtrend. Hard to imagine OPUSDT carrying on the uptrend in a short-term. Take profit levels and final target are shown on the chart. Over 52% to be made here. If the price reclaims the upsloping support, it would be a clear invalidation of our thesis. Good luck
Short
by vf_investment
14