Get started
OPOPOP
#47#47#47

OP

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Markets

OPUSD trade ideas

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
Optimism - looks an excellent asset to hodlIts a lottery picking out the next digital assets that might fly but Optimism looks to have real possibilities. Optimism was developed to speed up ETH transactions and cut its costs by settling them on another blockchain using advanced data compression techniques. The technique involves optimistic rollups, where multiple transactions are rolled up into one single transaction, set on another blockchain, meanwhile reducing the gas fees. Ethereum users will be able to witness and process the transactions on the main network itself* (* see AnalyticsInsight website for more details). Well worth buying a few in anticipation of an uptick in the world of cryptocurrency.
COINBASE:OPUSDLong
by forextraplaces
Op has been a riot all day #volatility monster As you see on the 1 hour as well as even better on the 30 min. and 15 min. time frames. Ever since the airdrop sell off that supposedly happened earlier to create the fall from the Moon shot launch it had. This thing has actually managed to create a rather solid base. Looking like there's actually a really good structure for trading for those into a long night, or lucky enough to be in a time zone just waking. Launching on so many major as well as CEX at once means there's a LOT of angles to this right now. Stay safe and keep your stop losses tight and leverage within reason. #yolo , lol .
COINBASE:OPUSD
by rarebreed29