Optimism Token Reaches New All-Time HighThe cryptocurrency token Optimism has reached a new all-time high; let’s see what happens next!
What is Optimism? Optimism (OP) is a cryptocurrency built on the Ethereum blockchain. It is a new type of token used to pay for transactions on the Optimism layer 2 scaling solution for Ethereum. The Optimism protocol allows for faster and cheaper transactions by moving most of the computation off-chain while still maintaining the security and decentralization of the Ethereum mainchain.
Optimism Reaches All-Time High
OP recently reached its all-time high, causing excitement among investors and traders. The success of OP can be attributed to the growing interest in decentralized finance (DeFi) and the increasing use of the Ethereum blockchain. As more and more projects are built on the Ethereum blockchain, the demand for efficient and cost-effective scaling solutions like Optimism will only continue to grow.
Since Optimism has never reached this price before, it is impossible to say exactly where the price will go. According to the Fibonacci retracement, the next target for OP could stand around $3. According to a Fibonacci retracement, the last target of this rally stands around $3.60. We have seen rallies in the past that went above even the wildest predictions of the Fibonacci, however, these runs normally occur during a strong market bull run.
If, on the other hand, OP starts falling, there are a few different support levels that the token can count on. The first support level stands around $2.00, which is the previous all-time high. Another support level stands between $0.70-$0.80, which is around the coin’s lowest point.
OPUSDT
Optimism (OP)Optimism (OP) 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.
The trading volume of Optimism (OP) is $576,616,329 in the last 24 hours, representing a 16.76% increase from one day ago and signaling a recent rise in market activity.
The highest price paid for Optimism (OP) is $2.50, which was recorded on Jan 25, 2023 (19 hours). Comparatively, the current price is -12.6% lower than the all-time high price.
The lowest price paid for Optimism (OP) is $0.402159, which was recorded on Jun 18, 2022 (7 months). Comparatively, the current price is 442.7% higher than the all-time low price.
The newly formed Optimism ecosystemHello?
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a nice day.
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(OPUSDT 1W Chart)
Not long after the chart was created, not much is known.
It can be seen that a volume profile section is formed over the 0.919-1.129 section in the short, medium and long term.
(1D chart)
The current declared price (ATH) has been updated.
Buying under these circumstances is unthinkable.
Therefore, it is better to wait and see if the price moves down from this rise and converges in some area.
It is necessary to check whether it is supported in the 1.917.-2.024 section formed by the HA-High indicator point, or in the 1.583-1.660 section.
We need to make sure that the newly formed Optimism ecosystem can continue to expand.
Therefore, it is necessary to increase the number of coins (tokens) corresponding to profits while recovering the principal amount of the newly formed coins in the coin ecosystem as much as possible.
Otherwise, it is highly likely that you will suffer greatly if you proceed with the transaction by leaving the principal amount as it is.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator includes indicators that indicate points of support and resistance.
** Check the formulas for the MS-Signal, HA-Low, and HA-High indicators at ().
** HA SRRC indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor).
** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.)
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OP-almost optimistic The weekly timeframe looks bullish to the red zone.
vanguard weekly movement prnt.sc
On the hour, you see a wedge. It's a reversal pattern and it is not working out yet.
We are in the sideways movement 1.90 = 1.70.
Locally, the minimum is interesting in the breakdown and hitting of liquidity under the break price 1.76
The first scenario on the chart.
The second one looks like this
The third variant
Well, Godspeed.
#OP : A +120% Profits Opportunity in the Mid Term.#OP is looking in a bullish move in every sentiment flowing with the favor of the bulls currently. I will be back for more detailed info on the overall project but for now just want you to see the possibility of a long position at around $1.03. Mid term target will be at least at around $2.2
-SMA 20 needs to flip above the longer timeframe SMA's.
-MACD looking bullish.
-RSI looking bullish.
-Even though a little bit more energy on volume is needed it looks great on the 4H and 1D chart.
- Both symmetric and fallng wedge triangles do already formed by which the falling wedge break is the more bullish lookout in current circumstances.
DYOR before making any investments on any asset and this is not a financial advice and do your own research before reaching out for your pockets to invest.
CTE
$OP - Ranging inside the Symmetrical TriangleHello my Fellow TraderZ,
#Optimism $OP is looking on the 4 HTF.
Price has been ranging inside the Symmetrical Triangle for 2 months and I'm soon expecting a breakout.
I'm kind a bias towards #Bulls only if wee breakout of the Upper TL. But still if you wish to trade then $0.96-1.15 would be a good trading range for quick gains.
Buy zone (yellow circle) is around EMA 50 & 200 and perhaps wee would see bullish cross.
Happy Trading. CHEERS!!!
OPUSDT - Buy Setup!!OPUSDT (4h Chart) Technical analysis
OPUSDT (4h Chart) Currently trading at $0.95
Buy level: Above $0.95
Stop loss: Below $0.88
TP1: $0.98
TP2: $1
TP3: $1.12
TP4: $1.2
Max Leverage 3x
Always keep Stop loss
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OPUSDT.POKX:OPUSDT.P
BINANCE:OPUSDTPERP
OPUSDT Short Position
Pattern: Triangle in bearish trend
Entry, TP and SL: determined in the chart
The possible time of breaking the triangle: Designated with yellow vertical lines
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This pattern is not complete yet. its better to enter the position after the triangle is broken.
OP CAN DROP AGAINI hope you are fine
We have a swap zone. I think the price is pulling back to this area. After pullback, we can look for short positions. In the higher time frame, we are in a diametric, which I think we are at the top of the falling wave e
Comment if you have any questions
Thank You
USDJPY Short Position 22.12.24USDJPY has reached the resistance range and weakness is evident in the upward movement. This position can be viewed from the scalp view.
Entry: 132.992
SL: 133.175
TP: 132.060
RR: 5.09
This Analysis will be updated ...
Sadegh Ahmadi: @SDQ_Crypto
24. Dec .22
(DYOR)
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OPUSDT Targeted for 2.4259I can not stress enough how bullish I am with this coin. It's use cases with rendering a more efficient ETH is in good confluence with the ETH technical itself. However, the whole chart of this coin is by far the most technical analysis appropriate chart I've seen in the altcoin world.
The chart is self explanatory.
OPUSDT 4HOn the 4-hour chart, the OP is currently at the median of the Keltner channel, incursing towards the lower edge, we also see this symmetrical triangle pattern that is reaching an end point, where we expect the price to show an upward movement from from there.
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Here are the supports and resistances:
S: 0.898 / 0.864
R:0,964 / 0,987 / 1,014