Optimism Back Above Long-Term Support: Easy 480% PPI will base this entire analysis on a single signal, a break and recovery of support.
Optimism moved recently below its previous All-Time Low established October 2022. The break below this level only lasted a few days. A week closed below and immediately the next week a close happened above. This is a bullish signal. Support was tested and holds. It broke briefly but the fact that the action is back above it makes this situation a bullish one.
ยป As long as OPUSDT trades above 0.636, market conditions are strongly bullish.
This week we have a full green candle and the week closes today. This is a continuation of last week that closed at the top of the session, another bullish signal.
Some Altcoins are now producing three digits green in a single day, real projects. This type of action is only present in a bullish cycle. At the beginning of a bullish wave, in-between or at the top, never within a bearish cycle or bearish wave.
Bullish action is confirmed. Bullish reversal is confirmed. Higher prices will happen next.
ยป I have an easy target for you mapped on the chart for OPUSDT, 480%.
Thank you for reading.
There will be more... This target on the chart is only the start, we are set to experience growth long-term. You have not seen how the Altcoins market looks and feels when it grows for six months straight, it will be awesome, and then the bull run.
Namaste.
OPUSDT trade ideas
OP/USDT Secondary trend. Wedge. Pivot zones. 27 07 2024OP/USDT Secondary trend. Wedge. Pivot zones. 27 07 2024
Logarithm. Time frame 3 days. A descending wedge is forming. The price is near the dynamic Gann support (reaction from it), but still in the range of the descending wedge pattern. The reaction in this resistance zone will determine the trend for the near future.
On the chart, I have specifically shown the minimum percentages of the two key reversal zones for the trend to local resistance levels, for the potential of option A and B.
Major trend.
OP/USDT Major trend. 07 2024 Time frame 1 week.
OP Secondary trend. Wedge. Reversal zones. 17 04 2025From the wedge breakout, the price reached the level of 2.857 (81%) and from it the trend reversal under the general trend of altcoins, breaking through the "neck" zone of the head and shoulders, thereby realizing this pattern on a large scale and reaching the reversal zone of the minimums of the level of 0.509. We went down to the range below along the fan. Consolidation above the dynamic support opens up the potential for movement to its resistance, I specifically put another meridian, as from it with a high degree of probability, even with the implementation of the bullish potential, there will be a significant pump / dump rollback. It just intersects with the previous consolidation of support, which in this case acts as resistance (those who previously bought in this zone will sell, thereby going into breakeven and stimulating the stop of the impulse and a rollback (logical probability).
Locally, again having formed on the fall, as before, a descending wedge in the secondary trend. It has not yet been fully formed, the price is not clamped. But, conditionally, the price is at the minimum zone. You can start gaining from the average price, or work on a breakthrough of the formation, observing risk and money management. If you are scared (it is always like this at the minimum zone) - then everyone is the same, and most refuse to buy, but willingly buy when the price is already expensive.
A breakthrough of this wedge is a corrective upward movement to the mirror resistance zone of the previous consolidation (highlighted in gray), if in general, a "revival of faith" is observed in alts.
Also after breakout of the wedge, if the market as a whole is bearish on alts, then they will make a cut (in this case, a repeated set) at the zone of minimums in a wide range of price slippage and the complete death of faith in the candy wrapper of "crypto whales", highlighted in green.
$OPUSDT Spot Accumulation Zone Analysis๐ธ
๐ธ Key Support Zone at $0.45โ$0.68:
Price has entered a strong historical demand zone, which has previously acted as a base for major rallies. Volume also shows buyer interest increasing near current levels.
๐ธ Upside Target: $2.10 (Mid-Term)
Price projection based on historical reversals from this range. Once above $1.20, momentum can pick up quickly.
๐ธ Risk Level at $0.329:
Invalidation below this level as it breaks below the accumulation structure. SL should be respected strictly.
๐ธ Entries recommended:
Entry 1: $0.684 (30%)
Entry 2: $0.55 (30%)
Entry 3: $0.45 (40%)
๐ฏ Targets:
TP1: $0.78
TP2: $0.95
TP3: $1.20
TP4: $1.60
TP5: $2.10
๐ HODL Target: $3 โ $5 for long-term investors based on projected recovery wave and cycle pattern.
โ ๏ธ Stoploss: $0.329
OP on the rise!NASDAQ:OP
Optimism is building a Superchain to scale Ethereum!๐
#OP has been overall bearish in the long term, trading within the falling channel marked in orange.
For the bulls to shift the trend from bearish to bullish, a break above the last major high at $0.675 is essential.๐
OP/USDT Major trend. 07 2024Logarithm. Time Frame 1 week. After the listing there were 3 cyclical pumping of the โparticipationโ phase. PR, hype, connection of the majority in mass media. The reversal occurred with a typical breakout in the secondary trend of a triangle (first pumping) or a wedge (second pumping). Now the third wedge is forming, the price is near the dynamic Gann support (reaction from it), but still in the range of the descending wedge pattern.
On a line chart (liquidity, no slippage) the declines are cyclical at -63% each time according to the algorithm. Each successive top +55% of the previous secondary trend.
It is quite possible that something similar will happen again this time (not necessarily), but only ideally after holding dynamic fan support and breaking wedge resistance. I have purposely shown only medium-term targets after a trend break.
Gann's trend fan is plotted on the chart, i.e. dynamic support/resistance areas for the future.
Optimism customization - L2's blockchain scaling solution ETH Crypto funds have invested a total of $267 million.
Secondary trend Time frame 3 days
DO YOU BUY ASSETS USING DCA LIKE THIS?DO YOU BUY ASSETS USING DCA LIKE THIS?
First, you can see that OP (case study) entered a downtrend after hitting its peak on the monthly (M) timeframe around the $4 price zone.
Uptrend period: from 2022 to 2024
Downtrend period: from 2024 to now (no clear sign of the decline stopping or accumulation yet)
With a DCA (Dollar-Cost Averaging) strategy, youโd definitely be buying on the right side of the chart, meaning the price decline zone. "No buying in the red, so whatโs there to sell in the green?" This means that during the price drop, youโd use certain tools to "justify buying," like a trendline forming during the decline, a support level below, or on-chain data showing buyers starting to dominate, and so on.
And surely, youโd end up buying a lot in the $1.6โ$2.3 range because thatโs where youโd see those "solid" signals you thought of earlier. Unfortunately, the price kept dropping below $1, then $0.9, and now itโs at $0.7โฆ and itโs still going lower. At this point, youโve run out of funds to keep DCA-ing into OP.
Have you ever stopped to ask yourself: Why is the price dropping like this? Whereโs that "solid" trendline? Whereโs the "strong" support? Where did all those buyers from the on-chain data go?
Now, letโs move to a hypothetical scenario:
First, letโs say you bought at the right price, like $0.7, and at this point, the price stops dropping.
But itโs not until 2027 that OP starts a new uptrend wave on the monthly (M) timeframe.
Condition (1) means you got the price right, but condition (2) hasnโt happened yet. Your asset might be at a good price, but the timing isnโt right. Youโd have to hold this asset until 2027, as per this hypothetical situation, for it to actually turn a profit.
That means for the next two years, your capital just sits there quietly. Even if the broader market enters an uptrend, your asset stays flat.
So, youโre not losing in terms of asset value, but youโre losing in terms of opportunity costโwasting time on it.
Whether this hypothetical scenario comes true or not, itโs just an illustration of how Iโd approach this kind of problem for you all.
Read it, feel it, and share your thoughts if you find it helpful, okay?
Wishing you a peaceful weekend with your family!
#OP/USDT#OP
The price is moving within a descending channel on the 1-hour frame and is expected to continue upward.
We have a trend to stabilize above the 100 moving average once again.
We have a downtrend on the RSI indicator, which supports the upward move by breaking it upward.
We have a support area at the lower limit of the channel at 0.817.
Entry price: 0.860
First target: 0.891
Second target: 0.916
Third target: 0.950
#OP/USDT#OP
The price is moving in a descending channel on the 1-hour frame and is adhering to it well and is heading to break it strongly upwards and retest it
We have a bounce from the lower limit of the descending channel, this support is at a price of 0.834
We have a downtrend on the RSI indicator that is about to be broken and retested, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 0.909
First target 0.939
Second target 0.992
Third target 1.054
OPUSDT UPDATEOPUSDT is a cryptocurrency trading at $2.000. However, the target price is unusually lower at $0.600, which seems incorrect. Typically, a target price is higher than the current price. Assuming the target price is actually higher, the potential gain would be significant. The pattern is a Bullish Falling Wedge, a reversal pattern signaling a trend change. This pattern suggests the downward trend may be ending. A breakout from the wedge could lead to a strong upward move. The Bullish Falling Wedge is a positive signal, indicating a potential price surge. Investors are optimistic about OPUSDT's future performance. The current price may be a buying opportunity. Reaching the corrected target price would result in significant returns.
OPUSDT โ There's still a chance for an alt seasonBINANCE:OPUSDT is showing positive momentum relative to what bitcoin has put up this night. The coin is in consolidation and testing trend resistance
The main reason for the lack of an altcoin season is bitcoin's huge dominance of the cryptocurrency market. The fall of BTC (open channel to 75K) and further growth after the formation of an intermediate bottom in the 75-80K zone may reduce the dominance phase, which in general will give a chance to the altcoin market, which is going through bad times.
I like OP in the fact that it is not falling in the wake of the flagship, but stands in consolidation, where we have clear boundaries for strategy formation. Focus on resistance: 1.212.
Resistance levels: 1.212
Support levels: 1.044, 0.983
Thus, a break of the resistance at 1.212 could trigger a rally and an attempt to change the trend.
It may happen after correction to 0.5 fibo, or after formation of pre-breakdown consolidation on H1-H4.
The structure of the setup will be broken if the coin starts to break 1.044-0.983.
Regards R. Linda!
what will OP look like in 2025?"Does OP have the other side?
Currently, OP is on the downward slope of the M cycle. Could the larger cycle allow OPโs chart to have the other side of the M?
If it does, then the bottom-catching zone is indeed below. If not, will it continue to move sideways (SW) and wait?
So, what will OP look like in 2025?"
OP 1W (Optimism)NASDAQ:OP 1W;
OP has spent almost all of its time below the EQ level since its existence.
There is a noticeable mismatch on the RSI side. It is difficult to say how much time is left before the rise, but upward movements are experienced in the continuation of such incompatibilities.
#op #optimism
OP/USDTKey Level Zone: 1.13200 - 1.13900
HMT v6 detected. The setup looks promising, supported by a previous upward/downward trend with increasing volume and momentum, presenting an excellent reward-to-risk opportunity.
HMT (High Momentum Trending):
HMT is based on trend, momentum, volume, and market structure across multiple timeframes. It highlights setups with strong potential for upward movement and higher rewards.
Whenever I spot a signal for my own trading, Iโll share it. Please note that conducting a comprehensive analysis on a single timeframe chart can be quite challenging and sometimes confusing. I appreciate your understanding of the effort involved.
Important Note :
Role of Key Levels:
- These zones are critical for analyzing price trends. If the key level zone holds, the price may continue trending in the expected direction. However, momentum may increase or decrease based on subsequent patterns.
- Breakouts: If the key level zone breaks, it signals a stop-out. For reversal traders, this presents an opportunity to consider switching direction, as the price often retests these zones, which may act as strong support-turned-resistance (or vice versa).
My Trading Rules
Risk Management
- Maximum risk per trade: 2.5%.
- Leverage: 5x.
Exit Strategy
Profit-Taking:
- Sell at least 70% on the 3rd wave up (LTF Wave 5).
- Typically, sell 50% during a high-volume spike.
- Adjust stop-loss to breakeven once the trade achieves a 1.5:1 reward-to-risk ratio.
- If the market shows signs of losing momentum or divergence, ill will exit at breakeven.
The market is highly dynamic and constantly changing. HMT signals and target profit (TP) levels are based on the current price and movement, but market conditions can shift instantly, so it is crucial to remain adaptable and follow the market's movement.
If you find this signal/analysis meaningful, kindly like and share it.
Thank you for your support~
Sharing this with love!
HMT v2.0:
- Major update to the Momentum indicator
- Reduced false signals from inaccurate momentum detection
- New screener with improved accuracy and fewer signals
HMT v3.0:
- Added liquidity factor to enhance trend continuation
- Improved potential for momentum-based plays
- Increased winning probability by reducing entries during peaks
HMT v3.1:
- Enhanced entry confirmation for improved reward-to-risk ratios
HMT v4.0:
- Incorporated buying and selling pressure in lower timeframes to enhance the probability of trending moves while optimizing entry timing and scaling
HMT v4.1:
- Enhanced take-profit (TP) target by incorporating market structure analysis
HMT v5 :
Date: 23/01/2025
- Refined wave analysis for trending conditions
- Incorporated lower timeframe (LTF) momentum to strengthen trend reliability
- Re-aligned and re-balanced entry conditions for improved accuracy
HMT v6 :
Date : 15/02/2025
- Integrated strong accumulation activity into in-depth wave analysis
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.