Optimism Can Grow More Than 10X (~1180%)I've been always interested in this pair but something stopped me from taking the plunge. It was the chart structure. While it felt good and the potential was obvious, prices were too high and I knew a major correction was due before major growth.
Optimism (OPUSDT) looks different today.
The low that was hit very recently, 3-February, put prices at the same level as back in November 2022. The first bottom low after this pair started to trade.
OPUSDT hit a bottom in October 2022 and from this bottom grew to a high of some 666%. There was an initial b-wave corrected to a higher low and this higher low led to new a bullish-wave and then the major correction that ended earlier this month with a long-term higher low.
All gains have been removed. The long-term higher low opens the doors for a long-term higher high. This means a new All-Time High in 2025.
All the levels have been left visible on the chart. So you can choose what works for you.
We have more than 1,000% potential for growth being conservative. That's more than 10X.
Once the orange descending trendline is taken out, right side of the chart, we are in bullish territory. While the action happens within this trendline, the bullish bias is not confirmed.
It can take a few days just as it can take weeks for this condition to be met. This would be an irrelevant fact when we focus on the long-term.
For smart, long-term holders; buy and hold, the market will take care of the rest.
Your support is truly appreciated.
I'll be back soon with many more articles.
Thank you for reading.
Namaste.
