Trend Analysis Shows that we are approaching wave 3 in crypto. We are starting the speculative cycle phase of the crypto cycle. Expecting high to be 6-12 months after the halving. My target for this cycle for optimism is at least 18$ with the high being at most 40-50$.
Optimism is a layer-two blockchain on top of Ethereum which uses Optimistic Rollups to scale the Ethereum ecosystem. The project is new and there are not enough candles to draw the big picture. But anyway, it seems a triangle pattern with ABCDE waves is forming, so have to wait and see when the current corrective wave end and ride the 5th wave to the top. Let's...
Entry Point: Optimal Entry: Aim to enter around $2.88 to $2.90. This is close to the current market price and above the pivot point, suggesting that the bullish momentum has support. Aggressive Entry: If you're looking for an earlier entry and can tolerate more risk, consider entering at any slight pullback near the $2.80 level, which aligns with the pivot point...
I am not a financial advisor. This is not meant to be and does not constitute financial, investment, trading, or any other types of advice or recommendation.
OPT looks very good in TA. Looks like its still very early for optimism and as ETH upgrades its going to depend on the Optimism technology as ZK is far to being complete and useful for ETH. OPT should start gaining more bullish momentum once ETHEREUM starts getting more bullish than BTC and starts trending. The next leg up will be driven by the layer 2 race and...
Textbook bump and run reversal pattern for $OP. It already Throwback to Trendline twice on the daily but can do it again. Will be a great time to load up. if it does. Stop Loss: Break of Trend Line
Eth gas fees are hotting ARB and OP are going to be pushed hard by scum VC's Here is Bull run projection Still meat on the bone.
After hitting the peak, I think the price will rebound to normalize, hitting the previous resistance, I expect some sort of sideways until redefining direction.
Optimism- CRYPTOCAP:OP This is a potential long term asymmetrical trade with 640% potential and a -20% loss potential. ⌛️ Potential Ascending Triangle Breakout ✅ OBV Volume breakout and retest ✅ An increasing volume profile (peaks and valleys) ✅ DSS Bressert Cross The entry and stop loss is noted on the chart. The 4.236 fib ext level aligns with the...
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NASDAQ:OP is now resting right above support/previous resistance. Looks like it's going to target the top of the structure around $4.50 for about 150% increase from here. Let's see.
A potential inverse head and shoulders pattern may play out on the OP/USD trading pair, here's a general outline of how one might approach trading this pattern: // Possible Entry Point: A common entry point for an inverse head and shoulders pattern is a break and close above the neckline following the right shoulder. Traders may wait for a confirmed breakout on...
Dump signal incoming of the unlock. I took my profit. Waiting on the retrace. It is easy to make money. It is hard to keep it. Did you feel bearish a day ago? Do you feel happy today? Could you hate yourself tomorrow?? BE SAFE!!! NOT FINANCIAL ADVICE.
Optimism had a 200% bull run from November 9th to December 27th. With three legs up, and multiple failed attempts to break $4.20, are we due for a reversal to the downside? How do we trade this? 🤔 Short answer, no. We don't have enough data to enter a short because we're lacking confirmation. Three pushes in a trend is an indicator that we need to start looking...
Strong new project Vitalik Buterin mentioned in his interview 4X since the bottom. It will retrace with Bitcoin. About 20% coins unlocked ( only) Tomorrow, 26M coins will be unlocked and added to the circulation Usually, an unlock event is a bearish and a good opportunity to get cheapies
Expecting Fib retrace 3 or 2.50 Of course, will depend on Bitcoin if the rally continues.
Is good to have like minded cool friends and Cryptonite Clark is exactly that to me. ''Professor, Just reading about Ethereum's next merge, EIP-4844, that's happening later in the year. The main beneficiaries are Layer 2s (www.coingecko.com), as it will reduce the cost of rollups, which they rely on. There's likely to be a "Layer 2 narrative" leading up to it,...