Optimism- CRYPTOCAP:OP
This is a potential long term asymmetrical trade with 640% potential and a -20% loss potential.
⌛️ Potential Ascending Triangle Breakout
✅ OBV Volume breakout and retest
✅ An increasing volume profile (peaks and valleys)
✅ DSS Bressert Cross
The entry and stop loss is noted on the chart.
The 4.236 fib ext level aligns with the...
Optimism had a 200% bull run from November 9th to December 27th. With three legs up, and multiple failed attempts to break $4.20, are we due for a reversal to the downside?
How do we trade this? 🤔
Short answer, no. We don't have enough data to enter a short because we're lacking confirmation. Three pushes in a trend is an indicator that we need to start looking...
Hello Paradisers, spotlight on this token!
💎 OP bounced after touching the Bullish OB zone and managed to close above the support trendline of its bearish flag.
💎There's potential for OP to rise, possibly to test the supply zone, before a subsequent decline. The anticipated downward movement might lead OP to revisit the previous wick area, which is closely...
Optimism (OPUSD) broke above its All Time High Resistance of 2.32500 as well as the 2.0 Fibonacci level of the Channel Up that is being formed. Since the Resistance broke, the Channel Up has the technical capability to make a Higher High on the next available Fib at 2.5. The increasingly overbought levels don't render it a buy opportunity beyond that level.
Best...
