gm,
read that title again, and let it sink in.
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optimism has been expanding extremely quickly over the last year,,,
from large players like coinbase creating base on the chain,
to a conglomerate like sony in the works of creating soneium...
this is a rapidly growing chain, and there are incredible builders creating something truly magnificent as we progress...
After reaching an all-time high of $4.866, the asset's price corrected by more than 78%, returning to a zone of interest for participants, as defined by the volume profile and the key POC level. According to Fibonacci levels, the current asset price is in a buying zone.
In this situation, based on indicator readings, it's possible to consider building a position...
In Monday (start of the new week) price swept previous week low liquidity (orange line) and show willingness to go higher by breaking the 4H structure.
So the following week I would expect to see price trades higher, potentially even to opposing liquidity pool like previous week high (orange line)
Thanks you and have a nice trading week! LFG!
2h time frame
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Entry: $1.38
TP: $1.762
SL: $1.29
RR: 4.24
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(1) Potentially accumulate momentum to pump through two Fibs Projections
(2) Yellow path: Finished a Fibs projection from 0.382 to 1.414
(3) Blue path: Currently searching support around Fib 0.382, high possibility reach 1.272 if stop falling here
(4) Fib 1.618 of Yellow wave is overlapped with Fib...
Yello, Paradisers! Are you prepared for what could be a pivotal move for #OPUSDT? Let's dive into analysis.
💎#OP has recently shown bullish momentum with a successful breakout. The price is currently testing the demand zone at $1.32, a critical level that needs to hold for the upward movement to continue toward the minor resistance at $1.98. A breakout above this...
Optimism is a layer two blockchain on top of Ethereum. Optimism benefits from the security of the Ethereum mainnet and helps scale the Ethereum ecosystem by using optimistic rollups. That means transactions are trustlessly recorded on Optimism but ultimately secured on Ethereum.Optimism is one of the biggest scaling solutions for Ethereum with over $300 million in...
#OP
The price is moving in a descending channel on the 4-hour frame and it was broken upwards
We have a trend to stabilize above the moving average 100
We have an upward trend on the RSI indicator that supports the rise by breaking it upwards
We have a major support area in green at a price of 1.10
Entry price 1.30
First target 1.50
Second target 1.65
Third...
The OKX:OPUSDT price has reached a critical point.
🔼 Fixing the CRYPTOCAP:OP price above $1.60 can give it a rapid rise to $1.90
🔽 But sellers may try to keep the #OPUSD price in the downward trend and drop it once again to $1.40
But one way or another, in the medium term, the price of the #Optimism token will reach $1.90 and $2.30
...
highly regarded l2 after unlock event and selloff..
think the total 3 mcap sees a resurge in september tbh
undervalued across the board out of the top 15 or so
BINANCE:OPUSDT (1W CHART) Technical Analysis Update
OP is currently trading at $1.764 and price has reached the bottom of the channel, OP has been trading inside the range and currently price has reached the bottom support line, in the past this support line held strongly multiple times and we are expecting the same this time. If the price bounces back then...
A Well-Known Project Op Recently Experienced A Correction Due To The Market Crash Caused By Middle East Tensions. However, It Is Now Recovering And Has Formed A Falling Wedge Pattern, Expecting Massive Bullish Wave Towards 5$ Incase Of Successful Breakout
OP can take the downtrend from the specified position, wait for it to reach the specified points and then take a short position.
!!! Don't Follow me !!!🔥
I gathered data from Coinbase in the Orderbook and marked significant limit orders placed before Optimism's price correction.
These are likely targets for Optimism's journey to the Moon ($12-$42).
May the force be with us.
Logarithm. Time Frame 1 week. After the listing there were 3 cyclical pumping of the “participation” 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...
OP/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...
Using the Wyckoff Method has always been my go-to strategy when looking for buy's. The theory behind it is that basically the market goes up, down, sideways, and up again etc. You can dive into more detail by taking a look at volume and trendlines, but for today's analysis we'll keep it simple and focus on the good upside potential for OP.
The above clearly...
