Get started

OPUSDT

OP/USDT Break Alert! It shows will retesting before continue UP!💎 Paradisers, #OP is indeed a coin worth monitoring closely. 💎 It's currently poised for a potential retest of the LTF demand zone around $2.47 after encountering resistance at the OB- area around $3.04. Notably, the chart already indicates a breakout from the descending channel, which is a positive sign. 💎 If OP successfully bounces from the LTF demand area, it could signal upward movement, contingent upon breaking through the OB- area to reach our next target strong resistance zone. 💎 However, if OP fails to bounce from the demand zone and breaks below it, we might see continued downward movement with a retracement to the support area. The last time OP reached the support area around $2, it exhibited significant bouncing and recovery, suggesting a similar pattern could unfold if it revisits this level. 💎 The bullish invalidation would be confirmed if OP fails to bounce at the support and the daily candle closes below the $1.86 support area. In such a scenario, the price would revert to a bearish trend and continue downward. MyCryptoParadise iFeel the success🌴
by MyCryptoParadise_Nathan
3
OPTIMISM (OP)Optimism (OP) is a layer-2 scaling solution for Ethereum that focuses on enhancing transaction speeds and reducing costs through Optimistic Rollups. This method offers a significant boost in throughput and efficiency for developers building on Ethereum, making it a critical player in the blockchain scalability arena. Given the continued importance of scalability for Ethereum and Optimism's effective technology, the next price targets for OP might realistically be set at $3.20, $4.00, and $7.00. Traders considering this bullish context may wish to engage now. This trading suggestion is based on Optimism's robust role in expanding Ethereum's capabilities and the general bullish trend in demand for layer-2 solutions.
Long
by icordkaz
Trading Ideas Results for March-AprilThis year I started sharing my analytical reviews and trading ideas since mid-March. I like using TradingView because here you can't edit or delete a published idea. Everything that has been published can be found and verified, which is not always possible on other platforms, for example, in Telegram channels where the administrator can adjust the statistics. It's time to summarize the interim results of trading ideas from mid-March to April 30. In this review, I will only consider short-term ideas on the daily and hourly timeframes. Medium-term ideas on the weekly and daily timeframes will be analyzed in a separate review. There were 4 short-term ideas. All of them are on the chart attached to this post. One for buying and three for selling. The results are also visible on the chart, and they are 100%, all targets were achieved. You can find more details about the ideas by following the links below (see related ideas). But was everything so good? Unfortunately, no, if we look more closely at how the price moved in each idea. For AVAX, the selling time was chosen perfectly. Without any drawdown (2%), the price reached the target: +29%. For ETH, I waited for the price to return to the range of 3200-3400 for buying, the drawdown after buying reached up to 3%, and the achieved target was +12%. For SOL, the idea was to sell, and the drawdown on the trade reached up to half of the target (4%), but then the target was achieved with a gain of +11%. For ORDI, a less favorable moment was chosen for selling compared to other ideas, resulting in a drawdown of 23%, which is comparable to the achieved final target of +24%. It is worth noting that ORDI's market capitalization is 15 times smaller than AVAX's. Could this be the difference? What is an acceptable drawdown percentage for you before the idea works out? Share your thoughts in the comments. By the way, as part of the educational article on March 31, I made a short-term forecast for OPUSDT. Interestingly, it also worked out. Without any drawdown, the target was achieved: +29%. I will publish the interim results of medium-term ideas in a separate review.
by AlexeyWolf
📈Analyzing OP: Fundamentals and Technical Outlook💎🔍Today, we delve into the analysis of Optimism (OP) coin, a leading project in Ethereum Layer 2 solutions. Being one of the earliest and most reputable Layer 2 solutions, Optimism has garnered significant attention, particularly from DeFi enthusiasts, due to its substantially lower transaction fees compared to Ethereum. This has allowed users with limited capital to participate in DeFi and reap profits, further boosting its popularity within the crypto community. 📰Fundamentally, Optimism has demonstrated its potential with a daily trading volume of $500 million across 38 markets. Now, let's shift our focus to the technical aspects. Nearly a year since its listing on Binance, Optimism reached its all-time high (ATH) of $4.865 in early 2024. Presently, after a corrective phase, it has found support around $1.8 and currently resides at approximately $2.77. The next significant resistance lies at $2.943, with expectations high for its eventual breach. 📈The weekly timeframe indicates an upward trend, despite a recent selloff candlestick accompanied by significant volume, suggesting the possibility of further upward movement if green volumes begin to increase. However, persistent selling volumes and the SMA25 acting as resistance, particularly aligning with the $2.943 level, present a formidable barrier that could impede price action. 🛒In the event of further correction, a buying opportunity may arise in the range of $1.97 to $2.3, but it's advisable to exercise patience and wait for candlestick confirmation before entering the market. Subsequently, lower timeframes such as the daily can provide additional confirmation for our buy signal. ✅Our initial target is set at the ATH, with further targets to be identified upon consolidation above this level, utilizing Fibonacci extensions to pinpoint higher targets and resistances. Regarding the RSI, maintaining support at 41.7 is crucial to avoid potential heavy bearish pressure on the coin. 📝In conclusion, Optimism (OP) coin presents a compelling opportunity for traders, supported by both fundamental strengths and promising technical indicators. Traders are advised to exercise caution, await confirmation signals, and implement effective risk management strategies to navigate the market successfully.
Long
by itsparham96
Optimism OP price has been moving in its own "special way"Today, NASDAQ:OP #Optimism has attracted attention because it is not falling in line with CRYPTOCAP:BTC and other altcoins. In fact, for the past two weeks, the #OPUSDT price has been moving in its own "special way". Perhaps there is already some fundamental news ready for this price movement, do you know anything? Share in the comments. The critical level below is $2.30. If buyers hold on, then theoretically, the OP price could start to rise dynamically. Up to $3.40, or maybe even $4.40, or maybe even higher) Let's wait and see) _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
OP(Optimism) price action analysisSimilar scenario that the market has experienced Example 1 💰DOT (spring-summer 2021) Accumulation ➡️ Distribution ➡️ 67% dump ➡️ 360% pump 💰OP (spring-summer 2024) Accumulation ➡️Distribution ➡️64% dump ➡️ projecting DOT scenario to OP Here we saw 3 waves of decline and the last one was the most painful and fearful for the crowd. After that we had great pump This scenario can be applied to many altcoins, not just OP.
Long
by razumcapital
OPUSDT.1DThe daily chart for Optimism (OP/USDT) illustrates a bearish trend with a series of lower highs and lower lows, which can be interpreted as a downtrend channel. The price is currently hovering near $2.467, with a clear support level at $1.635. The resistance level at $4.139 is crucial; a breakout above this level could signal a potential trend reversal. However, the current price action remains below this resistance, suggesting that the bearish sentiment is still dominant. Traders might look for short positions as long as the price is below the resistance level, with potential targets near the support level. A break above the resistance could invalidate the bearish outlook and shift the strategy towards looking for buying opportunities. Risk management is key, and stop losses should be considered above the resistance level when taking short positions to protect against sudden bullish reversals.
by MarsSignals
The key is whether it can receive support around 2.289 and rise Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (OPUSDT 1M chart) This month's decline shows that the HA-High indicator is about to be created at the 2.759 point. Accordingly, the key is whether the HA-High indicator can be supported and rise near it when it is created. It is showing a rebound after touching the Fibonacci ratio point of 0.5 (1.828). Therefore, we need to see if it can find support around 0.618 (2.045) and rise above 2.289. (1W chart) It touched the psychological volume profile section and rebounded, but failed to receive support around 2.289 and showed a downward trend. Accordingly, the key is whether it can rise above 2.289. Currently, the HA-High indicator is formed at 3.777, so it is expected that in order to switch to an upward trend, it must rise above the HA-High indicator. (1D chart) The upward trend began on November 3, 2023, when the HA-Low indicator broke above the upper box section. And, on April 7, 2024, we encountered the HA-Low indicator for the first time. It is showing a stepwise decline as it fails to receive support near the HA-Low indicator and falls. Since the volume profile section of the 1M chart is formed around 2.289, the key is whether the price can be maintained by rising above 2.289. The time to buy is when it shows support near the HA-Low indicator and rises above the MS-Signal indicator. Aggressive buying is possible when support is seen around 2.289. In order to continue the upward trend, the HA-High indicator must rise or higher. ---------------------------------------- After the HA-Low indicator is newly created, the trend changes depending on whether it receives support or resistance. I think that there is nothing special about the decline in the HA-Low indicator because the fact that the HA-Low indicator was newly created means that the downward trend has already begun. However, the creation of the HA-Low indicator means that a low point has been formed. Therefore, even if the HA-Low indicator falls, it can be said to be a meaningful movement because it is highly likely to show movement to form a bottom section. Therefore, you can proceed with a split purchase whenever you encounter the HA-Low indicator. Have a good time. thank you -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 13401.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 These are points that are likely to encounter resistance in the future. We need to see if we can break through these points upward. Since it is thought that a new trend can be created in the overshooting zone, you should check the movement when this zone is touched. #BTCUSD 1M If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
OP/USDT A break the resistance, will indicating back to bullish.💎 Paradisers, it's intriguing to see the recent market dynamics of #OP. With the bounce from the demand area and now testing the resistance, the next moves are critical. 💎 If #OP manages to break above the resistance, it could signal a bullish reversal, paving the way for further upward movement, and potentially testing the strong resistance area. 💎 However, if #OP faces rejection at the resistance, it may retreat to test the demand area for renewed momentum. 💎 Bouncing from the demand area is crucial for sustaining bullish momentum. Failure to do so, resulting in a breakdown, could signify bearish sentiment, leading to further downward movement. MyCryptoParadise iFeel the success🌴
by MyCryptoParadise_Nathan
2
OP/USDT - Optimism: TrendLine Touch◳◱ On the $OP/ CRYPTOCAP:USDT chart, the Trendline Touch pattern suggests momentum building up for a significant move. Traders might observe resistance around 3.643 | 4.089 | 4.933 and support near 2.799 | 2.401 | 1.557. Entering trades at 3.198 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: Optimism ▣ Rank: 49 ▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc ▣ Category/Sector: Infrastructure - Scaling ▣ Overview: None ◰◲ Technical Metrics : ▣ Mrkt Price: 3.198 ₮ ▣ 24HVol: 48,690,901.124 ₮ ▣ 24H Chng: 5.579% ▣ 7-Days Chng: -8.90% ▣ 1-Month Chng: -32.28% ▣ 3-Months Chng: -12.47% ◲◰ Pivot Points - Levels : ◥ Resistance: 3.643 | 4.089 | 4.933 ◢ Support: 2.799 | 2.401 | 1.557 ◱◳ Indicators recommendation : ▣ Oscillators: BUY ▣ Moving Averages: BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -5.26 ▣ Last 90D: 0.22 ▣ Last 1-Y: 0.73 ▣ Last 3-Y: 0.73 ◲◰ Volatility : ▣ Last 30D: 0.87 ▣ Last 90D: 0.88 ▣ Last 1-Y: 0.97 ▣ Last 3-Y: 1.35 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is N/A ▣ Reddit sentiment score is 0.68 - Bullish ▣ In-depth OPUSDT technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
OP/USDT Bullish Reversal on the Horizon? 👀🚀OP Analysis💎 Paradiser, get ready for an exciting trading opportunity with #OPUSDT! The current setup suggests a bullish turnaround from its support and FVG. 💎 Reflecting on the past, $OPTIMISM faced challenges in surpassing its previous high, resulting in a bearish sentiment. However, the tides appear to be shifting. At the support level of $2.619, which has already piqued buying interest, there’s a strong chance of a bullish shift targeting the significant supply zone at $4.803. 💎 As savvy traders, we always have a Plan B. If #OP dips below our critical support at $2.619, we’re poised to capitalize on a bullish rebound from a lower support and the Bullish OB at $2.116. But exercise caution, as breaching this additional support could indicate a deeper decline. 💎 Stay adaptable in your strategies and keep a close eye on the charts, fellow Paradisers. Your ParadiseTeam is here to guide you through these market waves with expert insight.
Long
by MyCryptoParadise
1