Ethereum will be the foundation for the new decentralised internet of value (Web 3)
If you’re not already an eth maxi we can look for tangential plays and I believe these to be the best 3…
ANKRUSD web 3 Infrastructure/ rpcs/ api/ decentralised nodes
GRTUSD indexing
OPUSD layer 2 scaling
Targets as marked
GRI 2023
Optimism (OPUSD) broke above its All Time High Resistance of 2.32500 as well as the 2.0 Fibonacci level of the Channel Up that is being formed. Since the Resistance broke, the Channel Up has the technical capability to make a Higher High on the next available Fib at 2.5. The increasingly overbought levels don't render it a buy opportunity beyond that level.
Best...
- Even with a lot of bear market drops, OP held like a boss
- Formed a bullish signal: cup n handle
- Smothed EMAs / MA point to nice support ahead
- OP is a layer 2 solution and ETH just merged.
- OP is still so young... (give it space to grow ☕)
I will keep this post updated with more information I find around there, for now I'm super bullish in Optimism...
Eth needs to scale and optimistic rollups are the next big thing
Optimism currently has a 500m market cap
A layer 2 is likely to reside the top 10 sooner rather than later and it’s likely to be optimism
Optimism is in a BULL MARKET you probably won’t see these prices again
This is a potential 10 bagger
The daily price action is incredibly bullish
It...
Probs the best layer 2 you can buy rn
Optimistic rollups
Should do very well this alt season
Final target is 10 bucks but I’d take 5
Primary target is 3.5
GRI 2023
Uptrend still in tact
Tested the old daily close high and stayed above
Now needs to stay above the historic ath
So a close above both horizontals shown would be ideal and I’d be prepared to all in OP until the weekly close
GRI 2023
NOT TARDING ADVICE
Optimism has been untarnished by the bear market and is in price discovery and bullish mode
The only reservation I have is the tokenomics and large undiluted market cap
Fundamentals are good
On balance this is a likely bull flag
Send it
GRI 2023
NOT TARDING ADVICE
Optimism and doge are two coins I think will do well short to mid term
I am currently playing long both coins but weighted to doge
As doge rises in proportion I will sell it for OP
I am not shorting either coin
Overall I think doge will do better shorter term and op longer term so I’d prefer to have an OP bag at the end of this
Or lots of fiat!!!
NOT...
Testing August and September support. And trading through the top parallel channel drawn from July and November. I see price trading between both channels during first two weeks of January. Target area is circled.
Long term I am bullish on Bitcoin and Cryptocurrency.
Short term, I think we are likely to see a rapid sell off to around $16.6k.
When setting this trade up, I considered a way to lower the risk and increase the return. Rather than using leverage directly on Bitcoin , an asset with solid fundamentals and the safe haven in a cryptocurrency rout. I have taken...
CRYPTO
