OP kina a new coin with not so much history, went up when others went down behind from rest of the alts rejected from previous range low support now acting as residence even if it wants to break it need a flash first, this TP is the max one for swing take profit can happen before last tp .
People have been pumping this coin and i bet we see more pumping happening on social media and in price!!
Don't know how high this one can really go!!
NOT FINANCIAL ADVICE!
If PA can hold above the POC( Red dashed line), its possible we could see a break of the VAH/Upper trend line. If said PA is to take place, I'd be looking for a pull back too the trend/VAH with a solid positive reaction (ex. swing failure or failed auction) for a long position. Entry is dependent on the reaction and information present at the time of the...
This is my prediction for OP.
OP showed huge movement during the rally at the start of the year. It's bound to repeat that and aim for it's next Fib Destination of $6.
I like this scalp because price is trading near invalidation. Diagonal supports aren't my favorite but I add as it goes closer to invalidation to have very high RR.
Traders,
Optimism with the triangle breakout and retest is a solid entry rn. Additionally, there is some hidden bullish divergence occurring on the RSI!
Entry = 1.34
Target = 1.58
SL = 1.25
r/r = 3
Not fin advice. Just showing you all what I am currently playing.
Best,
Stew
Optimism is a leading Optimistic rollup within the Ethereum network built by OP Labs and
governed by the Optimism Collective. This project aims to streamline the transition between
Ethereum's Layer 1 (L1) and Layer 2 (L2) by offering a convenient code migration feature
across these layers, facilitated by its "EVM-equivalent" design. Transactions are executed...
We have gone through the fundamentals, aside from the upcoming token unlock event, there is no other bearish fundamental on BINANCE:OPUSDT , and technically, it seems to have found a bottom.
Now, there is a possibility of a bullish continuation on OP
We are going to open a position and apply risk management.
What is your thought on this analysis? Let me know...
A few factors that may indicate a trend reversal near term for the fast-falling optimism token:
High time frame Gartley pattern potential reversal zone (PRZ).
Looks like the WXY on the HTF correction is near complete, with a final drawn-out zig-zag, nearing it's AB = BC wave length comparison.
The komo cloud is still trending down strongly, but getting...
Here we have great timing for Optimism (OPUSD) as the new waves is starting just now.
It is easy to see the last session closing as a Doji after a short-term higher low 10-July vs 10-June, and today prices move above EMA10 with a bullish RSI.
This is happening after a classic EW correction.
We can get easy 100% out of this chart set up with very low risk....
OPUSD is on a stellar rise within a Channel Up that is supported by the 1D MA50 and very balanced bullish technicals on the 1D timeframe (RSI = 63.931, MACD = 0.054, ADX = 31.710). The 1D MACD shows significant upside potential and we will take this opportunity to buy and target the LH trendline (TP = 1.8000).
The Resistance Zone is between R1 (1.87500) and the...
The OPUDST pair breakout from the downtrend into CC Fib (0.618 and 0.66) coming right above NPC. Any close above 1.5 USD will start an impulsive move up to the levels described on the chart. We are looking at new ATH and possibly higher. The bases for the Analysis is the Fixed rage volume profile, Weekly candles are constructed based on fractals for liquidity and...
How you paint a chart can really change your perspective. With the right drawings, a clear picture can be produced.
For Optimism (OPUSD) I focused on a long-term ascending channel, marked by the orange lines, "trendlines".
Notice that when the upper side of the channel is activated, prices drop. On the other hand, when the lower band of the channel is activated,...
Oops, I did it again. I played with your heart, got lost in the game
Oh baby, baby
Oops, you think I'm in love
That I'm sent from above
I'm not that innocent :D
