OPUSDT 1 HR . Playing the Range. 12.5% Both Ways on Futures .OPUSDT 1 HR . Playing the Range. 12.5% Both Ways on Futures .
Now Above Support and it already had a small quick pullback.
Optimism has bee a straight BANGER!
OPUSDT.P trade ideas
OPUSDT LONGBe sure to follow money management so that the loss is not more than 2% of your total capital
Close half of the position at the first profit limit
OPUSDT 4HOP made a beautiful triangular formation on the 4-hour chart, now at the lower base and should head towards the upper edge around 2,299, then either explode upwards or reverse the uptrend and pull back.
Here are the supports and resistances in the 4H:
Major support levels: 2068 / 1947
Main Endurance Levels :2,213 /2,299 / 2,495 / 2,562
MM200: At the height of 1496
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.
OP/USDT. BitVero Crypto Academy.
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
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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LONGIt seems that OP is trying to form a pattern that everyone likes, let's see if it will happen
Entry, stop loss and targets on the chart
OPUSDT | BULLISH SETUPOPUSDT has been trading under the falling resistance.
The price has now broken above the falling resistance.
Now the price need to break above recent high.
The bulls are in control.
Manage your trades accordingly.
Another Big MOVE! Op is taking another big move a healthy break out from the falling wedge a successful retest will lead us toward my target 🎯
Inshallah! 💞
Optimism Blockchain Market Cap Evaluation 6% of ETH ATH MKT CAPOptimism Blockchain Market Cap Evaluation at $33 Billion if Linear Channel is respected.
OPUSDT DailyBINANCE:OPUSDT
It broke the triangle upwards and took the orders of the 2.20 range for the third time. Every pullback to the broken trend line is a buying opportunity.
Buy 1.22 - 1.43
target 5-6
OPUSDT LONG IDEAOPUSDT has been in an uptrend since the start of 2023 and it looks to continue upwards. It broke its ATH recently.
Fallen wedge can be seen on the 4hr timeframe and targets for a long position has been made.
OP/USDT IS SHOWING BULL FLAG IN 4H TF.OP/USDT is showing bull flag in 4 hr timeframe once it breaks the flag and retest it den its a buy. stop-loss and take profits are mentioned in the chart itself. DYOR.
OP looking 👀 for a Breakout Keep an eye on the trendline and the FiB levels. When the trend line breaks with higher volume, the price can go up. Be careful, it might be a fakeout
OpusdtTrendline Breakout Has Already Confirmed
Entry Can Be Taken Here Or Can wait For retest
Expecting Massive Bounce In Miterm Stoploss Can Be Placed Below Last Swing Low
OP #OPTIMISM (Y23.P1.Video3) The story continuesHi Traders,
We explain the chart and then proceed to some potential scenario playing \ planning and deriving targets.
Enjoy!
Regards,
S.Sari
OPTIMISM BUY - ALL TIME HIGHOptimism (OP) is a layer-two blockchain on top of Ethereum .
ALL TIME HIGH WITH INCREASE IN TRANSACTION
OPTIMISM BUY - ALL TIME HIGH Optimism (OP) is a layer-two blockchain on top of Ethereum .
ALL TIME HIGH WITH INCREASE IN TRANSACTION
Optimistic We’re making new highs
This is all price discovery
Eth layer 2
I want to see the weekly close above the red horizontal
But I’m in
U don’t have to be
GRI2023
OP Heading for price discoveryWe have arrived back at mid AUG levels 2.08 was a resistance area that was created after a drawback from ATH indicated on chart
if we break 2.08 next stop is previous ATH and then price discovery
