C&H Completed Expecting Fib retrace
3 or 2.50
Of course, will depend on Bitcoin if the rally continues.
OPUSD.P trade ideas
Ethereum's Merge EIP-4844 can Boost OP to 4.44$Is good to have like minded cool friends and Cryptonite Clark is exactly that to me.
''Professor,
Just reading about Ethereum's next merge, EIP-4844, that's happening later in the year. The main beneficiaries are Layer 2s (www.coingecko.com), as it will reduce the cost of rollups, which they rely on. There's likely to be a "Layer 2 narrative" leading up to it, and ETH will probably recover lost ground against BTC. ARB and OP are top picks.''
I did my research and he is absolutely right. Then again I do prefer OP vs ARB so here we go with an updated OP chart:
Price is behaving nicely and a breakout over 1.60$ is my expectation for next.
From there it's destination 2.33 which offers a nice trade with excellent R/R since risk (SL) is over 1.3 and reward (TP) lies alomost 4 times higher.
Then again there is the ALTs possibility for Bullish scenario which can get the price to 4.44$:
One Love,
the FXPROFESSOR
Awesome OP news: Coinbase's Base to adhere to Optimism's open neutrality framework Link: www.theblock.co
OP (Optimism): Surging High in the Ethereum Layer-2 ArenaHello Crypto Enthusiasts! 👋 The FXProfessor here, spotlighting the impressive surge of OP, Optimism's native token. Let's dive into the factors driving this remarkable growth and its potential impact on the Ethereum ecosystem.
Recent Price Surge:
🚀 OP experienced a jaw-dropping 25% rise in just 24 hours, reaching a high of $2.13, marking its highest trading level for the year (u.today).
📊 This surge is part of a broader 40% monthly upswing, fueled by a series of ecosystem updates and enhancements in Optimism's technology stack (u.today).
Kraken's Influence:
💹 Kraken's introduction of Tether (USDT) deposits and withdrawals on Optimism played a significant role in propelling OP to an 8-month high of $2.188, signaling a market confidence boost (nulltx.com).
🌉 This development enhances the utility and accessibility of the Optimism network, promoting wider adoption and improved decentralized transaction capabilities (nulltx.com).
Optimism's Technological Advancements:
🛠️ As a Layer-2 scaling solution for Ethereum, Optimism leverages optimistic rollups technology to enhance transaction throughput and reduce fees on the Ethereum mainnet (nulltx.com).
✅ The recent governance vote passed the first post-Bedrock network upgrade, "Canyon," reflecting Optimism's commitment to continuous improvement and innovation (u.today).
🌍 OP token holders enjoy the privilege of participating in protocol decisions, shaping the future of this growing ecosystem (nulltx.com).
FXProfessor's Insight:
🌐 Optimism's strategic advancements and community-driven approach showcase its potential to revolutionize Layer-2 scaling solutions on Ethereum.
🔍 The sustained growth and recent surge in OP's value reflect the positive sentiment and trust in Optimism's capabilities and future prospects.
Trade with foresight, embrace technological advancements, and let's witness the evolution of Optimism in the Ethereum Layer-2 space!
One Love,
The FXProfessor 💙
Links: nulltx.com
u.today
OP/USD OP kina a new coin with not so much history, went up when others went down behind from rest of the alts rejected from previous range low support now acting as residence even if it wants to break it need a flash first, this TP is the max one for swing take profit can happen before last tp .
OP idea. She is hyped rnPeople have been pumping this coin and i bet we see more pumping happening on social media and in price!!
Don't know how high this one can really go!!
NOT FINANCIAL ADVICE!
OPUSD UPBullish penant, triangle breakout.
RSI Daily below 60 leaving plenty of room.
Stochastic pointing up, sell volume diminishing, MACD about to cross over. VWAP increase on red candle.
Wave 1 = $0.81
Wave 3 (1.618 X Wave 1) = 1.31
(1.57+1.31) = 2.88
Optimistic Falling WedgeIf PA can hold above the POC( Red dashed line), its possible we could see a break of the VAH/Upper trend line. If said PA is to take place, I'd be looking for a pull back too the trend/VAH with a solid positive reaction (ex. swing failure or failed auction) for a long position. Entry is dependent on the reaction and information present at the time of the reaction, if it appears to be weak, no trade.
OP Huge Move In The Next YearThis is my prediction for OP.
OP showed huge movement during the rally at the start of the year. It's bound to repeat that and aim for it's next Fib Destination of $6.
pessi...ahh...optimism wavescurrently in wave 2 almost to the .618 retrace
next is collapse in wave 3 possible 90% +
failed/scam crypto??
nfa
y axis only
optimism wavescurrently in wave 4 of 3, main wave4 and 5 left before bigger wave 2 correction
nfa y axis only
$OP SCALP - Close InvalidationI like this scalp because price is trading near invalidation. Diagonal supports aren't my favorite but I add as it goes closer to invalidation to have very high RR.
Buying Optimism - Target 1.58Traders,
Optimism with the triangle breakout and retest is a solid entry rn. Additionally, there is some hidden bullish divergence occurring on the RSI!
Entry = 1.34
Target = 1.58
SL = 1.25
r/r = 3
Not fin advice. Just showing you all what I am currently playing.
Best,
Stew
Optimism and EIP 4844Optimism is a leading Optimistic rollup within the Ethereum network built by OP Labs and
governed by the Optimism Collective. This project aims to streamline the transition between
Ethereum's Layer 1 (L1) and Layer 2 (L2) by offering a convenient code migration feature
across these layers, facilitated by its "EVM-equivalent" design. Transactions are executed at
the L2 level and later consolidated into batches for verification on the Ethereum main chain,
effectively reducing gas fees and enhancing transactional throughput. This optimization is
achieved while retaining Ethereum's security guarantees through its rollup architecture.
OP Stack
Optimism introduces the concept of OP Stack, a modular and adaptable foundation that
enables developers to build highly scalable and interoperable blockchains of all kinds atop
Ethereum. The OP Stack comprises a collection of standardized and open-source modules,
which developers can seamlessly integrate to build custom chains for specific needs. The
term "standardized" signifies a consensus on the specifications of each module, ensuring
they are universally implementable. The open-source nature of these modules means they
are freely accessible for iteration and adoption by developers. Additionally, the EVM equivalent nature of OP chains means developers looking to launch on Ethereum can
seamlessly also launch their dApps on Optimism or as an OP chain. The stack is made up of specific layers, each with a well-defined API that
can be tailored to the specific layer. As such, developers can modify existing modules or
create entirely new modules to meet their application's unique requirements.
Data Availability Layer
Central to the OP Stack's architecture is the Data Availability (DA) layer, a foundational
aspect of any rollup that helps reach consensus on transaction ordering and ensures
transaction data is available for verification. The OP stack uses Ethereum as its DA layer, as
adequate DA is required to ensure the rollup sequencer’s submissions can be crosschecked and challenged if needed. DA guarantees are paramount to a rollup’s design and
utilizing Ethereum, the most economically secure and decentralized smart contract L1,
ensures Optimism inherits the very best security guarantees the market can provide.
The Sequencing Layer
The role of sequencers is pivotal in driving the production of rollup blocks. A sequencer
must operate both an Ethereum (ETH) full node and an L2 node to effectively communicate
between the chains. Within this framework, sequencers are responsible for critical roles,
including real-time transaction confirmations, state updates, L2 block creation and
execution, as well as the submission of user transactions to Ethereum's layer 1.
The operational efficacy of rollups hinges on the accessibility of data by the sequencers.
Importantly, because there is currently only one sequencer in the Optimism ecosystem (run
by Optimism), this introduces a single point of failure and centralization concerns. However,
in scenarios where the sequencer might be censoring a user's transactions, users still retain
the capacity to route around the sequencer and ultimately recover their funds on the
Ethereum mainet.
The Derivation Layer takes the basic data in the Data Availability Layer and turns it into
useful information for the Execution Layer using the Ethereum Engine API. Sometimes, it
even looks at the current state of the system, as defined by the Execution Layer, to help
figure out the basic data.
The Execution Layer
At the heart of the OP Stack's design is the Execution Layer, a pivotal layer responsible for
managing the chain’s state and state changes, e.g. executing transactions. Changes in state
occur when inputs, transmitted from the Derivation Layer through the Engine API, prompt
transitions.
Settlement Layer: Peering Beyond the Horizon
The Settlement Layer performs the final validation of a block and, if necessary, handles any
disputes that may arise. It bears the responsibility of concluding transactions across all OP
chains present within the Superstack framework. The OP structure enables the
implementation of one or more settlement mechanisms for each OP Stack chain across
various external chains.
Optimism's forward-looking approach to the OP Stack can be seen in this layer. The OP
strategy entails separating out the proof layer and enabling optionality. As long as the proof
layer aligns with the criteria of the proof API, it can seamlessly integrate into the system
without causing any disruptions to the user experience. This means the OP Stack can easily
support/integrate validity proofs as opposed to fraud proofs. By harnessing the OP Stack’s
inherent versatility, developers can fashion nearly any solution imaginable across the crypto
space.
Governance Layer: Orchestrating Dynamics
The Governance Layer serves as a pivotal component in the OP Stack and is responsible for
overseeing system configuration, upgrades, and decision-making processes. It
encompasses protocol upgrades, adjustments, and design refinements, playing a critical
role in upholding the integrity and efficiency of blockchain networks.
A key facet of the Governance Layer involves MultiSig Contracts. These contracts commonly
find application in managing upgrades of components within an OP Stack-based system.
Currently, this mechanism governs the administration of bridge contract upgrades on the
Optimism Mainnet.
Superchain System
In the current day blockchain landscape, diversity has flourished not only within Layer 1
networks but also across Layer 2 solutions, resulting in the emergence of a multi-chain
world. While this diversification offers heightened options and flexibility for both users and
developers, it simultaneously ushers in a fractured ecosystem with numerous incompatible
chains. The segmentation of chains translates into discrete communities and user bases,
inhibiting the synergistic network effects essential for the prosperity of any blockchain
initiative. Smaller user groups, inevitably, culminate in reduced security, innovation, and
overall adoption rates, undermining the ecosystem's vitality.
Furthermore, the disintegrated ecosystem poses challenges for developers. In this multichain realm, developers are compelled to engineer applications that function seamlessly
across various chains—an endeavor that is laborious and expensive. This bottleneck impedes
innovation and hampers the participation of developers willing to contribute to projects in
this space.
In response to these challenges, Optimism introduces the concept of the Superchain—a
horizontally scalable network of interconnected Ethereum-aligned chains characterized by
shared security, a common communication layer, and an open-source development stack
made possible by the modularity of the OP Stack. This novel approach aims to mitigate the
prevailing issues, offering a permissionless framework for deploying new chains within a
unified network. Chains within the Superstack system aim to have frictionless
communication and transaction capabilities among one another. This, in turn, unlocks
avenues for significant scalability, innovative applications, and a novel revenue model that
rewards both application and protocol developers.
The Superchain amalgamates Optimism Mainnet and various chains into a singular,
harmonious network of OP Chains. Central to the Superchain's vision is the notion of OP
Chains—L2 chains that can have unique design features while maintaining interoperability.
Unlike conventional multi-chain designs, OP Chains are standardized, empowering
developers to build applications targeting the Superchain as a unified entity, abstracting
away the complexities of individual underlying chains. Base, Worldcoin, Zora, Debank, and
others have either launched their own OP Chain or have plans to do so.
The term 'OP chain' refers to individual chains within the domain of the Optimism
Superchain. Unlike multi-chain systems, OP chains adhere to a standardized architecture.
This architecture encompasses a shared base layer for Data Availability (DA), a bridge
connecting the base layer and OP chains, a flexible framework for deploying OP chains, the
OP chains themselves, and a cross-chain messaging protocol for efficient data and digital
asset transfer. This standardized setup facilitates transaction ordering across OP Chains,
empowering developers to craft applications targeting the Superchain in its entirety.
For the full report click here .
Optimism OP: Looks Like It Will Pump Now?We have gone through the fundamentals, aside from the upcoming token unlock event, there is no other bearish fundamental on BINANCE:OPUSDT , and technically, it seems to have found a bottom.
Now, there is a possibility of a bullish continuation on OP
We are going to open a position and apply risk management.
What is your thought on this analysis? Let me know in the comment box.
Also, if you like my analysis, kindly follow me now for more, and support my idea.
Cheers!
Optimism/USD: Gartley + WXY Elliott Wave Correction CompletionA few factors that may indicate a trend reversal near term for the fast-falling optimism token:
High time frame Gartley pattern potential reversal zone (PRZ).
Looks like the WXY on the HTF correction is near complete, with a final drawn-out zig-zag, nearing it's AB = BC wave length comparison.
The komo cloud is still trending down strongly, but getting thicker - indicating an overextension from the mean.
Don't try to catch the falling knife, like I did, yesterday.
✴️ Optimism Great Timing (100%+ Potential)Here we have great timing for Optimism (OPUSD) as the new waves is starting just now.
It is easy to see the last session closing as a Doji after a short-term higher low 10-July vs 10-June, and today prices move above EMA10 with a bullish RSI.
This is happening after a classic EW correction.
We can get easy 100% out of this chart set up with very low risk.
More details on the chart.
Remember to boost for more great setups, great signals, great analysis, great charts... If you enjoy the content of course.
Thanks a lot for your support.
Namaste.
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).
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OP Break out with CC Fib (0.618 and 0.66) coming right above NPCThe OPUDST pair breakout from the downtrend into CC Fib (0.618 and 0.66) coming right above NPC. Any close above 1.5 USD will start an impulsive move up to the levels described on the chart. We are looking at new ATH and possibly higher. The bases for the Analysis is the Fixed rage volume profile, Weekly candles are constructed based on fractals for liquidity and the structure is based on previous break out.
Note analysis is done on a Weekly time frame.
This is not a Financial Advice just my analysis and trading plan.
1.64 a small TP 1 and move stop loss to Neutral.
1.9 Anchored VWAP TP 2
2.3 is VAH TP 3
3.2 previous move high TP 4
4.12 Trade Close as Previous ATH/ Double Top.
Then I will wait for a retracement to the CC levels and possibly a New yearly High.
✴️ Optimism Long-Term Ascending Channel ActivatedHow you paint a chart can really change your perspective. With the right drawings, a clear picture can be produced.
For Optimism (OPUSD) I focused on a long-term ascending channel, marked by the orange lines, "trendlines".
Notice that when the upper side of the channel is activated, prices drop. On the other hand, when the lower band of the channel is activated, prices move up.
Optimism just activated the lower portion of this channel after one long year, we can expect a strong bullish wave to show up.
This is a easy one and another pair that has been growing strong.
Namaste.
Oops!! Oops, I did it again. I played with your heart, got lost in the game
Oh baby, baby
Oops, you think I'm in love
That I'm sent from above
I'm not that innocent :D
[UPDATE FTM] Why do they keep manipulating in the same way? Nothing to say about OPtimism. As I said since the end of Feb, we are going below 1.20$ soon.
OP📊 #OPUSDT
⏱ TIME: 1D
📝It is reaching very important areas for spot purchases, and you can make purchases in a gradual and managed manner. It has also been checked for fundamental analysis and is a sustainable and strong project for the future.
📍The initial buying limit: 1.38 $
📍The second buying limit: 1.01 $
📌TP1: 1.87 $
📌TP2: 2.74 $
📌TP3: 4.35 $
📌TP4: 6 $
