Still Optimistic...Great project which will play an important roll in the ETH ecosystem - l2 scaling will be the spark for the next crypto bull run imo.
OPUSD trade ideas
BULLISH OP/USDT (Cup & Handle pattern)- Even with a lot of bear market drops, OP held like a boss
- Formed a bullish signal: cup n handle
- Smothed EMAs / MA point to nice support ahead
- OP is a layer 2 solution and ETH just merged.
- OP is still so young... (give it space to grow ☕)
I will keep this post updated with more information I find around there, for now I'm super bullish in Optimism (OP). :)
- If you enjoyed my TA please give it a boost! <3
I'm Optimistic...looks like another easy long here - great project/well funded - blue reaction lines to tag next potential reversal.
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 $1.46.
Best of look out there.
RISK: Crypto might rally with the upcoming upgrades of both ETH and ADA.
Small rebound
op has broken out of a four-hour downtrend
Here's a chance to step up
But won't go much
Follow me to take you to achieve financial freedom
OP-PERP shorted retest, target liquidity belowTrendline Broken, Shorted the Retest, invalidation with close above 55 EMA or above trendline, derisk with close above 0.786
OPUSD- SHORT 10x1)fake pump in bear market was done to get more funds for building the project
2)Elliott wave has been completed like text book
3) High TF is showing weakness and weekly candle is probably going to be closed as shooting star
enjoy bear market
OP broke in four hours
The OP's four-hour structure has broken
Four-hour-level adjustments are expected to begin here
Follow me to take you to achieve financial freedom
OP....Is it bottoming yet? Im not sure it is, i think a drop to .7 or .6 still before a rebound. OPtimism on the horizon?
OP... well I had Optimism...I thought it would work out..... I was mistaken..... so far im like 40% down...not horrible yet..... its not at 0$ still... bit i'm super short still..... riding my loss to ZERO!
OP is Killer For Retail Investor Guys, do i wrong ? am not hate it about $OP but just Speak up with this.
Many People i seen on Twitter going rekt and got liquid on $OP.
all of them anthusiasm with new trend Layer 2 for scalability on Ethereum. somehow Dump and Dump coming to CEX and DEX.
it's a lesson with this tech behind Optimistic Rollup.
Purely not going make it in appereance.
Nope still shortI bought at 1.5 ish...... im not OP at the moment gonna ride the red wave down to zero on this 50$ gamble i think....
OP rejected at crucial SupportBearish trendline has broke on a beautiful downtrend and retested as support several times.
It rejected at $1.10; next important level to watch is near $1.30
$OP is a new project, so there not enough historical price data.
Well i was OP.... While I was optimistic Hardware it was going apparently we have not hit the bottom yet my heart tells me sub .8 usd however there is a chance optimism might take off. I think entering the linear regreasion from above shouldve been my clue it would reverse down.... shouldve waited to buy.....
OP, Fine..... Going Long Op is crossing up and thru the mid point on the linear regression... Ive gone long with 29 Op as a total gamble at $1.31usd.... and go!
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.
Ooooh What's this A New Listing?We have a newly listed coin here and it seems to have listed as a reasonable price and settled down here i'd say this trade is just speculative with hardly anytechnical backing a 50/50 odds trade where one could buy in the hopes that it catches bids at this level just for the sake of price discovery before it ultimately comes back down again. Stoploss just below the Bullish candle we got.
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 .
OP.Usd (Y22.P2.Video1).The trade so farHi all,
#OP #OPTIMISM is worth having but for now, I talk about the trade entry, expectations and how to approach this crypto for another entry.
All the best,
S.SAri
If it can get above this current resistance, 1.618 ext. hit our target and hold this level.
the next levels are here
