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OPUSDT.PS trade ideas

OP/USDT Perfect retest on the ATH before. Ready for New ATH ??💎 Currently, OP is exhibiting a noteworthy bounce from what was previously a resistance area, now functioning as a support zone. If this retesting phase proves to be valid, OP may well be on a trajectory to continue its upward movement, the probability reaching new all-time highs (ATH) with the Fibonacci 1.618 level as the next target. 💎 However, should OP struggle to maintain its footing at this crucial support area and instead breach below it, it could signal a concerning shift in market dynamics. Such a development might indicate a reversal to a downward trend, with the demand area becoming the next significant lower stop. 💎 The importance of the demand area in this context cannot be overstated. For OP to sustain or regain a bullish trend, it is imperative that it finds strong support and rebounds in this zone. A failure to do so, particularly if OP breaks below this demand area, could be interpreted as a bearish indicator, potentially leading to further declines in its value. 💎 For those closely monitoring OP, it's crucial to watch how it interacts with these key levels. The asset's response to the support retest and its ability to withstand pressures at the demand area will provide valuable insights into its short-term market direction. Stay alert and be ready to adjust your strategies in response to these market movements.
by MyCryptoParadise
OP (Y24.P1.E1).Still looking for more highsHi Traders, Its possible that this latest liquidity hunt was wave 4 initiation and then we get wave 5 when BTC hits the 48k range which will then give the Alts a turn to pump. The alternative is that BTC is doing wave 4 as well... but I still feel 47k and above is the target however if its not, then we are doing a macro wave 1 to 2 move.... I just don't think its there yet. I have been an advocate with Optimism for some time and was lucky enough to get the bottom way back June 22, still holding it. For now, these are the scenarios I"m thinking it can play out short-term. All the best, S.SAri
Long
by ssari
OP/USDT Breaking Through Resistance for a Bullish Rally? 👀 🚀💎 Paradisers OPUSDT is currently undergoing intriguing developments as it faces resistance. Breaking above this resistance holds a high probability of triggering a bullish move. 💎 In previous instances, OPTIMISM demonstrated a tendency to follow a descending channel, breaking above and initiating an upward move. Currently encountering robust resistance at 1.980, there is a strong likelihood that overcoming this barrier will propel OP into a bullish trajectory. 💎 Alternatively, if the price of OP fails to breach this robust resistance level, the cryptocurrency may strategize a bullish continuation from the demand level, marked by the previous low. However, breaching below this level could result in a significant downward move. Stay vigilant for these potential scenarios in the dynamic market environment
Long
by MyCryptoParadise_Simon
Upward MomentumCurrently, the price of OP is looking to complete its upward trend. It's important to pay close attention to its behavior near the support level that has been identified. If the price manages to stabilize and maintain above this support level, there is a strong expectation for continued growth. This sustained growth could lead the price to reach and possibly even surpass the upper boundary of the trading channel. This scenario hinges on the stability of the price above the support, which is a critical factor in determining the future price movement of OP. This analysis is for informational purposes only and should not be considered as financial advice.
by MonoCoinSignal
1
Brief Analysis——OPThe Dencun upgrade will be officially launched next spring. It will further expand the capacity of ETH and L2 by implementing the improvement recommendations called EIP-4844. After adoption, Ethereum Layer 2’s gas costs will be greatly reduced and scalability improved. In this bull market, SOL has regained its reputation as the killer of Ethereum with its ultra-high user experience and ultra-low gas fees. But after Dencun, Optimism and Arbitrum will significantly reduce gas fees, and the advantage of Solan will be reduced. Today we take a look at L2’s representative, Optimism. Since last weekend, ETH and L2 tokens have risen sharply. The market is starting to price Dencun. We have conducted fundamental analysis on many block chains, mainly MC/FDV, MC/TVL and 24h Volume/MC. Among them, Solana’s values are 0.76, 34.55, 0.0174, respectively, while OP is 8.43 ,171.65,0.0010. These data reflect that OP's market value is undervalued compared to on-chain activities, and compared to SOL, it is more suitable for investment. Of course, we also know that L2 tokens lack utility support for paying gas fees. But for blockchain, Decentralization, Security, and Scability are still the core. Within Layer 2, there are also different categories based on ZK-Rollup and Optimistic Rollup. are in a competitive relationship with each other. Optimism launched OP Stack this year to extend its business scope to B-side users. Enables project to easily build their own Layer 2 networks. OP Stack has attracted many large entities, such as Coinbase, Binance, etc., and many established Layer 1 have also begun to consider the feasibility of expanding to Layer 2 through OP Stack. Judging from the disclosed cooperation content, the partner will provide funds to Optimism and maintain the support of OP token. Having said so much about fundamentals, let’s look at OP’s performance on technical aspects and indicators. We use the green range to mark the main gains of OP in this bull market. It can be seen very clearly on the WTA indicator that during these two round of rises, there were so many blue bars representing whales. And after the first green range, there were no destructive candles and the price resumed rising after a few days of correction, which was good for the bulls. The current bullish trend is healthy. Judging from the ME indicator, OP also maintains a bullish trend, and the purple wavy area shows signs of expansion. Switching to the 4h level, yesterday's rise is still supported by whales. Although whales also participated in the trading during the subsequent callback, the magnitude of the callback has only been -6.71% so far, and there has been no destructive candle. There is a high probability that this round of rise will not end. Likewise, the ME indicator shows the continuation of the bullish trend. To sum up, OP is a token with relatively good fundamentals and a clear development line of route map. The current valuation is at a low level and is suitable for value investment. From a technical perspective, there is a high probability that this round of rising prices will continue. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Long
by Sypool
OPUSDT # 001 ( 230% - 330 % profit just one leg bullish surge !)Hello dear traders . Good days. On monthly Bullish Gann Square, after finished 2nd Arc resistance , OPUSDT Start 3rd Elliot wave and ready for start crazy bullish surge up to 6.4$ or 8.3$ depend on , which 6.4 $ is more Logic because on daily Gann Square and daily Gann Box 6.4$ Will be 1.0 Gann box fib level . You can see Detailed chart for On Daily Gann Square on update . Total and total 2 market is bullish and All are in good position for good profit . Road map is plotted with help of Gann Square and Gann. Good luck and safe trades. Thanks for your support and comments.
Long
by SHAlavi
2
OP/USDT Poised for Bullish Movement from Key Support? 👀 🚀💎Paradisers, direct your attention to OPUSDT as it showcases a noteworthy pattern in the market. After a recent rejection from its resistance level, there's a heightened probability of a bullish movement originating from a previous resistance level, now acting as support. 💎Historically, #OPTIMISM has demonstrated a tendency to follow a descending trendline, breaking above it to initiate an upward trajectory. It successfully surpassed the first resistance (R1) at $1.894 but faced resistance at a higher level (R2) at $2.241. Currently, NASDAQ:OP is hinting at a revisit to R1, which has transitioned into a support zone. At this juncture, there's a strong potential for a bullish move aiming to breach R2. 💎 However, in the ever-evolving crypto market, #OP traders should be prepared for a range of outcomes. If the expected bullish ascent encounters challenges, shifting focus to a recovery strategy from the support level of $1.612 becomes vital. 💎 Significantly, a decline below this support level would necessitate a strategic shift. This scenario would call for a reevaluation of the bullish stance and an adjustment of trading strategies to better suit the emerging market trends. 🌴💰
Long
by MyCryptoParadise
✴️ Optimism Rising Channel & 165% Potential TargetOptimism (OPUSDT) has been moving within a very strong rising channel, currently supported by a high reading on the RSI and rising volume. Each time the lower boundary, the lower support or trendline of the channel gets tested and holds, a new bullish wave develops. Recently, this supportive trendline has been tested twice and continues to hold long-term. As expected, prices are now moving higher, aiming towards the upper boundary which can produce gains equaling 165% from the current price, a target of $4.77 in the coming months. With wisdom and patience, this pair like other Altcoins can produce a strong rise, we buy and hold. The targets on the charts are conservative targets, by the end of the bullish wave the peak price can be higher than what we expect... Hope for the best, prepare for the worst. Namaste.
Long
by AlanSantana
op/usdt longT=5 A breakout is a potential trading opportunity that occurs when an asset's price moves above a resistance level or moves below a support level on increasing volume. The first step in trading breakouts is to identify current price trend patterns along with support and resistance levels in order to plan possible entry and exit points. Once you've acted on a breakout strategy, know when to cut your losses and re-assess the situation if the breakout sputters. As with any technical trading strategy, don't let emotions get the better of you. Stick with your plan and know when to get in and get out.
Long
by Mozart-BTC