OPUSD Long IdeaOP is still at/near the pattern completion zone of the potential Bullish Butterfly Harmonic Pattern. It's not perfect, but there is definitely an "M-shape" there and sellers are failing to push the price below .63 cents now for multiple months, which is a key level that goes all the way back to 2022
Key stats
Trading activity
Transactions 631
BuysSells
419212
Volume 274.65 KUSD
Buys volumeSells volume
139.71 K134.94 K
Traders 122
BuyersSellers
7448
About OPWETH_68F5C0.USD
Related DEX pairs
OP - time to push higherOP had a deeper correction as expected. Looking at pattern we have algo similar to XRP where we had a final correction and are now bouncing up. In order to continue following XRP algo we need to push higher, to break local diagonal resistance line, consolidate a bit and then blast to new ATH.
Optimism is PhysicsConservation of Energy and Conservation of Momentum.
Time to dig up those physics laws. We could have a flip in momentum from red to green. Will be massive.
Technically that can happen, and fundamentally Optimism is like a train system for the ETH mainnet. Once gas becomes too heavy, this thing w
Optimism will be a grand slamMany alts run up up when btc goes up and likewise they fall when btc falls.
Except optimism. It is off-phase, similar to xrp back in 2016-2017 before the boom.
Lot of alts have no adx against their btc pair. Optimism has what it takes, and I bet you the algos will pick this one up.
Fundamentall
OP 4H – Bounce From Golden Pocket, But Will It Hold Above $0.65?Optimism is bouncing directly from the 0.618 Fibonacci retracement ($0.620), showing respect to the golden pocket region — but with Stoch RSI flipping into overbought, this bounce could be tested quickly.
📊 Fibonacci Zones:
– 0.5 = $0.668
– 0.618 = $0.620 (current reaction)
– 0.786 = $0.551 (last l
OP: Once in a Life-Time Chance?#Optimism may have completed its correction, showing a rare opportunity.
If the current low holds, it would mark the major bottom, completing a diagonal 1st wave followed by a WXY correction.
Passing $2.78 confirms targeting the ATH.
Breaking $0.39 invalidates the idea.
Optimism: The Optimistic ViewNASDAQ:OP
The all-time chart of #OP suggests a completed major diagonal first wave, followed by a double combo correction.
The recent bottom is either the final low or a last drop is needed to end the correction since March 2024.
Passing $2.78 confirms the correction’s end and signals a new all-ti
OP (Y25.P1.E1). More lows to comeHi Traders,
Been on holidays for some time and now looking to come back with many videos and chart reads.
Optimism looks bearish as it loses a key level and now waiting to see if it can regain the weekly levels which I doubt.
Alts are likely to bleed a little more and with #OP, I'm looking for an
Optimism/USD AnalysisOptimism/USD Analysis:
The pair has been in a short-term downtrend but is now approaching a strong support level. A bullish reversal is expected if the price respects this support, confirmed by technical signals such as a bullish engulfing candlestick pattern or other momentum indicators.
Key Ta
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy