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OP / TetherUS

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OPUSDT trade ideas

Optimism perhaps the most significant innovation of 2022? PT2Continuation of previous idea posted Jun 8, 2022 Fundamentals: + OP/ Optimism native token + By far the most significant innovation of 2022 + 2nd largest ETH L2 + Decentralized Airdrop Opinion: Optimism has an incredible future. The technology is safe and sound. One of the fastest L2's. Key partners, cross interoperability. However, given the current macro and it reaching all targets from my previous Idea, I feel like the trend is exhausted. It is highly likely we will see significant downside from here, but we should not exclude the possibility of a spike above current levels. Notes on how I personally use my charts/NFA: Each level L1-L3 and TP1-TP3 has a deployment percentage. The idea is to flag these levels so I can buy 11% at L1 , 28% at L2 and if L3 deploy 61% of assigned dry powder. The same in reverse goes for TP. TP1: 61%, TP2:28% and TP3:11%. If chart pivots between TP's, in-between or in Between Sell levels these percentages are still respected. I like to use the trading range to accumulate by using this tactic. Just my personal way of using this. This is not intended or made to constitute any financial advice. This is not intended or made to constitute any financial advice. FED Macro Situation Consideration: All TP's are drawn within the context of a return to FED neutral policy. I do not expect these levels to be reached before tightening is over. NOT INVESTMENT ADVICE I am not a financial advisor. The Content in this TradingView Idea is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained within this idea constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in this or in in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction. All Content on this idea post is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in the idea/post constitutes professional and/or financial advice, nor does any information on the idea/post constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other Content on the idea/post before making any decisions based on such information.
Short
by TheBitcoinGeneration
1
Breaking Down #OP/USDT Technical AnalysisTechnical Analysis of #OP/USDT: At present, #OP is trading at $2.87, and it has been the highest gainer coin in this bear market. In the last bull market, its price had hit the bottom at $0.63 in October and had received the low of $0.86 in December. However, currently, #OP has hit its all-time high at $3.29, which is approximately 400% up from its bottom area. However, as per the chart, there is a triangle forming in the higher timeframe (HTF) at the top of the chart, which indicates that some retracement can be expected from here. Additionally, in the lower timeframe, a head and shoulders pattern is forming at the top, which is a bearish sign. Therefore, it is important to keep an eye on the following points: If the #OP price breaks the $3.29 level, then we can expect to see a new all-time high. However, the most critical support level is $2.40, which is the neckline support of the head and shoulders pattern. If this level breaks down, there is a high chance that the price will hit $1.69, which is 0.5 Fib Retracement, and a 40% drop from the current level. In summary, the levels to watch are as follows: Support: $2.40/$1.69/$1.37 Resistance: $3.29 If you found this chart helpful, please like, follow, and appreciate it. Thank you.
Short
by CryptoPatel
6
OP/USDT Possible scenarios?? Hey, guys ✌️ OP/USDT is the first pair of the day. Currently pushing towards breaking that upper zone of triangle formation OP has been performing great those last couple of weeks. If OP can keep up with this volume there is a good chance for a breakout and new ATH, if not then back to lower side of that formation! If you like ideas provided by our team you can show us your support by liking and commenting. Yours Sincerely, Swallow Team 🔱 Disclamer: We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
by SwallowAcademy
6
HIGHER TARGETS EXPECTED FOR OP?Hello Traders & Investors! I wanted to take a look at OP, as per dreamland_cyber's request Thank you for submitting this request! :)) OP had been consolidating within a symmetrical triangle, for almost a month. We were able to deduce a valid consolidation as volume was getting lower and lower as OP made its way to the apex. Finally testing the 0.786 FE level as support before breaking out with very high volume to the upside! My target for OP would be the 1.0 Fib extension level of 3.5733
Long
by marktiu
3