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OPUSDT trade ideas

OP/USDT Major trend. 07 2024Logarithm. Time Frame 1 week. After the listing there were 3 cyclical pumping of the “participation” phase. PR, hype, connection of the majority in mass media. The reversal occurred with a typical breakout in the secondary trend of a triangle (first pumping) or a wedge (second pumping). Now the third wedge is forming, the price is near the dynamic Gann support (reaction from it), but still in the range of the descending wedge pattern. On a line chart (liquidity, no slippage) the declines are cyclical at -63% each time according to the algorithm. Each successive top +55% of the previous secondary trend. It is quite possible that something similar will happen again this time (not necessarily), but only ideally after holding dynamic fan support and breaking wedge resistance. I have purposely shown only medium-term targets after a trend break. Gann's trend fan is plotted on the chart, i.e. dynamic support/resistance areas for the future. Optimism customization - L2's blockchain scaling solution ETH Crypto funds have invested a total of $267 million. Secondary trend Time frame 3 days
Long
by SpartaBTC
2
OP/USDT Secondary trend. Wedge. Pivot zones. 27 07 2024OP/USDT Secondary trend. Wedge. Pivot zones. 27 07 2024 Logarithm. Time frame 3 days. A descending wedge is forming. The price is near the dynamic Gann support (reaction from it), but still in the range of the descending wedge pattern. The reaction in this resistance zone will determine the trend for the near future. On the chart, I have specifically shown the minimum percentages of the two key reversal zones for the trend to local resistance levels, for the potential of option A and B. Major trend. OP/USDT Major trend. 07 2024 Time frame 1 week.
Long
by SpartaBTC
1
OPUSDT - Altcoin with GOOD UPSIDE Potential (Wyckoff)Using the Wyckoff Method has always been my go-to strategy when looking for buy's. The theory behind it is that basically the market goes up, down, sideways, and up again etc. You can dive into more detail by taking a look at volume and trendlines, but for today's analysis we'll keep it simple and focus on the good upside potential for OP. The above clearly shows an excellent Elliot Wave Theory playout - 5 impulse waves up and the following three corrective waves - indicating the bottom is close. The above is classic Wyckoff Method Theory together with the emotions at each phase. OP, according to the above, is very close to bottoming out - in other words, a great place for accumulation. During the previous phase, the price increased over 400% over the course of a few months. If you have the patience, it can be a great increase. __________________________ BINANCE:OPUSDT
Long
by CryptoCheck-
Op goes to $100.What is Op, and why am i writing about it today? Optimism, in the context of blockchain technology like Ethereum, is a technique that enhances scalability by processing transactions off-chain in batches before settling them on the mainnet. Instead of individually processing each transaction on Ethereum's main blockchain, Optimism aggregates multiple transactions off-chain, thereby reducing congestion and fees. This approach boosts transaction speed and efficiency while maintaining Ethereum's security through periodic verification and settlement on the mainnet. Think of it like a faster lane on a highway that allows more transactions to flow swiftly without clogging up the main road, making decentralized applications (dApps) more practical and accessible by addressing Ethereum's scalability challenges. --- Op has recently transitioned to Stage 2. What is Stage 2? This is the final stage where the rollup becomes fully managed by smart contracts. At this point, the fraud proof system is permission-less, and users are given ample time to exit in the event of unwanted upgrades. The Security Council’s role is strictly confined to addressing soundness errors that can be adjudicated on-chain, and users are protected from governance attacks. --- So, why do i believe Op is ready for lift-off? Based on our primary theory, Op is currently in a macro bullish nest. A bullish nest consists of 1-2 sequences in Elliott Wave Theory. It can be likened to a consolidation phase where each preceding 1-2 sequence decreases in size, accompanied by seemingly reduced momentum. People often lose patience and are shaken out just before the parabolic expansion, (which we are identifying as the macro wave 3), unfolds. --- My estimated target for wave 3 sits at $20 My estimated target for wave 4 sits at $7 My estimated target for wave 5 sits at $100. All of this is set to take place into 2025. --- 🌙
Long
by notoriousbids
1
Op goes to $100.What is Op, and why am i writing about it today? Optimism, in the context of blockchain technology like Ethereum, is a technique that enhances scalability by processing transactions off-chain in batches before settling them on the mainnet. Instead of individually processing each transaction on Ethereum's main blockchain, Optimism aggregates multiple transactions off-chain, thereby reducing congestion and fees. This approach boosts transaction speed and efficiency while maintaining Ethereum's security through periodic verification and settlement on the mainnet. Think of it like a faster lane on a highway that allows more transactions to flow swiftly without clogging up the main road, making decentralized applications (dApps) more practical and accessible by addressing Ethereum's scalability challenges. --- Op has recently transitioned to Stage 2. What is Stage 2? This is the final stage where the rollup becomes fully managed by smart contracts. At this point, the fraud proof system is permission-less, and users are given ample time to exit in the event of unwanted upgrades. The Security Council’s role is strictly confined to addressing soundness errors that can be adjudicated on-chain, and users are protected from governance attacks. --- So, why do i believe Op is ready for lift-off? Based on our primary theory, Op is currently in a macro bullish nest. A bullish nest consists of 1-2 sequences in Elliott Wave Theory. It can be likened to a consolidation phase where each preceding 1-2 sequence decreases in size, accompanied by seemingly reduced momentum. People often lose patience and are shaken out just before the parabolic expansion, (which we are identifying as the macro wave 3), unfolds. --- My estimated target for wave 3 sits at $20 My estimated target for wave 4 sits at $7 My estimated target for wave 5 sits at $100. All of this is set to take place into 2025. --- 🌙
Long
by notoriousbids