$OP must reclaim above 2 #usd#optimism #OP price declined from the long ascending channel and this' not good for mid term. #opusd must reclaim above 2.10 - 2.20 #usdt zone permanently to avoid greater correction in mid term.
OPUSDT trade ideas
OPUSDT Chart Update.Hello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:
OP is currently holding decent support at $1.7 and is likely to rally higher if it continues to hold support between $1.65 and $1.8.
OP has already dropped by 67% from its all-time high, and if it fails to hold the current support, we could see another 25%-35% drop.
OP had 31.34 million tokens (2.88%) unlocked yesterday, but it still held its position. Another 10 million tokens (0.99%) will be unlocked in 13 days.
Here are the key observations:
~ Primary Support/Entry 1: $1.65 to $1.8.
~ Lower Support/Entry 2: $1.18 to $1.38.
~ Resistance: $2.3 (21EMA).
~ Target: $5 to $6.
~ RSI: Close to the oversold range, indicating bullish momentum.
DYOR. NFA
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Short term buy on OPUSDT Short term buy from 1.7594-1.7813 or 1.7908 before a continuation to the downside
DEMAND ZONE REACHED -- OP ELEVATOR GOIN UP!Alt season is near, buy the fear.
This dump session is over. I'll be longing this one for a while.
Next stop -- $2.80
OP BULLISH MOMENTUAS we can see OP coin finish its previous wave it is now preparing for a huge pump - this is one of the good coin to buy since it has a good market cycle
Strong selling pressureA descending wedge has formed in the short-term timeframe, indicating strong selling pressure. This pattern suggests that the price is currently experiencing downward momentum but may eventually break out to the upside. The price might move from the identified supply zones towards $1.65 to $1.7.
OP Mid TermWe are expecting a rise from the green zone.
You can try a SPOT or 2-5X long position.
Take your risk, make some profit !
OPUSDT is approaching the daily trendHey Traders, in today's trading session we are monitoring OPUSDT for a buying opportunity around 1.620 zone, OPUSDT is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.620 support and resistance area.
Trade safe, Joe.
Optimism - 6$ by end of septemberSo as I said in my previous analysis I am pretty confident that we see OP at 6$ later this year. ETH should be trading around 10k by then. Got a solid long below 1.8$, so feeling comfy in this position :) No stops for me, I won't give away this entry.
Stay safe!
OP/TETHERUS Falling KnifeOutperformed by 61% of the top 100 crypto assets in 1 year
Outperformed by ETH and SOL
Only 14 green days in the last 30 days (47%)
Less than 5% of the total supply is in circulation
Optimism Token (OP) Surge Sparks Investor Frenzy: Key Drivers Behind the Rising Interest
n Q1 2024, Optimism showcased robust network metrics, leading to a 9% increase in the value of its OP token.
“Optimism remains a dominant player within the Ethereum ecosystem,” according to COINOTAG FINANCE.
Despite the fee reductions, Optimism’s on-chain profit rose by 14% to $2 million in Q1 2024. The network’s Total Locked Value (TVL) increased by 18% to $1.2 billion, though it dropped to 11th place in the TVL ranking. The DeFi sector, which accounts for 86% of active addresses, led this growth. Notably, protocols like Synthetix, Aave, and Velodrome also showed significant increases in TVL.
Key Insights for Investors
Optimism’s network activity and transaction volume are on the rise. The average transaction fee has decreased, increasing user engagement. Despite market fluctuations, OP token value has shown short-term gains. The DeFi sector continues to drive TVL growth on the Optimism network. Stablecoin market cap on Optimism surged significantly, led by USDT and USDC.
Despite Optimism’s solid performance in Q1 2024, its OP token did not sustain its peak price. After reaching an all-time high of $4.84 in March, it fell to a yearly low of $1.80. However, recent bullish trends in the broader cryptocurrency market have positively affected the OP coin. With a 9% price increase in the last 24 hours and a 3% rise over the past week, OP is currently trading at $2.56. CoinGecko data also indicates a 19% increase in trading volume, reaching $290 million in the last 48 hours.
OPUSDT - To be or not to be?
We are in the shopping zone although there is still room to fall a little more.
It is possible that it will begin to lateralize at these levels and if it maintains this support, we will see it in the clouds again
SL 1.55
TP 4.6
It is important to monitor the RSI at different times to enter on time.
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Estamos en zona de compras aunque todavía tiene margen para caer un poco más.
Es posible que comience a laterizar en estos niveles y si mantiene este soporte, lo volveremos a ver por las nubes
SL 1.55
TP 4.6
Es importante vigilar el RSI en diferentes temporalidades para entrar a tiempo.
Long idea on OPok, I need to describe the damn thing, I came in, I just believe in the high season now (I will duplicate the description in coins that I will take)
opIn the short term, it has a resistance. If it passes, it should be checked. But my opinion is to buy at the lower and blue points.
OP Long Scalping The immediate resistance level is around 1.8458, near the 200-period SMA
Price should retest the broken line 1.84 is good area to take profit in the golden zone area
We will short it later to 1.75 based on TA
OP Going Down The chart indicates a clear break of structure (BOS) around the $1.85 level. This BOS is significant as it suggests a potential shift from an uptrend to a downtrend
Price reach Supply zone and went dow, price excepted to reach around 1.75$
OPUSD 1WOP ~ Updated
#OP Our purchase was fulfilled. Because the market is not good. we will again place the last purchase on this support block. if the worst happens.
There is potential for an upward movementThe trend is completely bearish, with the price continuing to drop. There is a descending trendline that OP has been moving below, having hit and dropped from it twice. It looks poised to break this trendline and start a new upward trend.
The scenario involves breaking this trendline; if it breaks and retests, there is potential for an upward movement.
OPUSDTBINANCE:OPUSDT
as we see there was an Uptrend in 5 waves,After that, it made head and shoulders and started to descend forming five waves also .
Now we have completed the fourth correct wave and we will break the bottom of the third wave.
After breaking the bottom of the third wave, the fifth wave will be completed.
and then we will start to rise
$OP #Optimism Trading IdeaOP/USD (Optimism) preparing to start a rally towards $10.00? It formed a potential falling wedge pattern. Full send after a breakout. The whole market structure on a 1-2D timeframe is inside an ascending channel.
#OP/USDT#OP
The price is moving in a bearish channel on a 4-hour frame and is holding it strongly and is about to break it upward
We have a bounce from the green support area at 1.65
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that is about to break higher and supports the rise
Entry price is 1.85
First goal 2.12
The second goal is 2.35
The third goal is 2.60
$OP (Optimism) Bullish Dragon with SFPDaily swing failure confirmed on the daily here, potentially marking the second bottom. So far we are bullishly engulfing, showing follow thru after the bullish Hammer yesterday.
We still have a full day before it closes, but that would be a real good look here for OP.
If the low is sustained here, this would give you the beginning stages of a bullish dragon. You would expect to see a return to the range high to confirm the double bottom, which would be your sign of strength.
Targets would be at the 618, the 1.618 extension of this last move down and the measured move of the double bottom.
We would need bitcoin to cooperate here for alts to do well off these lows, but the trades are there for sure.
OP Parallel Channel Bounce For Huge GainsOP has been trading inside this bullish channel for around 2 years at this point. With OP (and the majority of alts) falling over the last few weeks patient bulls are again in luck.
I'm looking at a relatively safe trade from the bottom support, with a stop below the previous long-term swing low. Target at 7$.
