Layer two block chain projects have recently enjoyed a major increase in value as real world business are looking to make use of the many benifits available through block chain ledger technology. As a layer two network optimism is primed to assist in actual real world use cases for crypto by providing the security offered by ethereum but allowing for extremely fast transactions.
Currently Optimism seems to be reaching a point where time and price have reached balance signaling a pivot in price is imminent. Markets can go up, down or simply continue sideways. Given the bullish momentum and recent partnerships with layer two projects will it be enough to push this next cycle to the upside?
Price is currently retesting the golden pocket fibbonacci retracement level on the local low. This is also comming in extremely close to the. 786 retracement for this entire top range. If price continues to maintain this bullish momentum and corresponding to these fibonacci price movements a significant move to the upside may be on the horizon.
When trading crypto assets please bear in mind that these are extremely volitle assets and while they have the ability to increase in value by staggering amounts they equally can decrease in value just the same.
Currently Optimism seems to be reaching a point where time and price have reached balance signaling a pivot in price is imminent. Markets can go up, down or simply continue sideways. Given the bullish momentum and recent partnerships with layer two projects will it be enough to push this next cycle to the upside?
Price is currently retesting the golden pocket fibbonacci retracement level on the local low. This is also comming in extremely close to the. 786 retracement for this entire top range. If price continues to maintain this bullish momentum and corresponding to these fibonacci price movements a significant move to the upside may be on the horizon.
When trading crypto assets please bear in mind that these are extremely volitle assets and while they have the ability to increase in value by staggering amounts they equally can decrease in value just the same.
Comment:
Looks like it is ready to pass another time cycle. Pump?