OPUSDT trade ideas
OPUSDT MOONHello friends.
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Everything on the chart.(update)
long... long ...long.
thats all.
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OP Cup and Handle PatternHey traders, exciting news for all of you! OP is breaking out of a trendline and cup & handle pattern on the 1 hour timeframe. I recommend doing some research and practicing proper risk management before going long. Keep in mind, it's important to be cautious of any potential movements in BTC. Happy trading!
OPUSDTWhat Is Optimism (OP)?
Optimism (OP) is a layer-two blockchain on top of Ethereum. Optimism benefits from the security of the Ethereum mainnet and helps scale the Ethereum ecosystem by using optimistic rollups. That means transactions are trustlessly recorded on Optimism but ultimately secured on Ethereum.
Optimism is one of the biggest scaling solutions for Ethereum with over $500 million in TVL. It is home to 97 protocols, the biggest being Synthetix (SNX), a derivatives exchange, Uniswap (UNI), a DEX, and Velodrome (VELO), an AMM. Users can begin their journey on Optimism by adding the chain on their Metamask and bridging tokens like ETH to the L2. On May 31, 2022, Optimism conducted a highly anticipated airdrop of its OP token.
OP/USDT zones we are looking forHey traders 👋
Let's kick off this day with OP coin here. We haven't looked at this one for some time now so let's get back to it. We see a similar pattern has been forming while we were at bullish movement (Bullish run - correctional zone (Pink) - another bullish run). But this time we broke down from this pattern and currently we are trading between 100EMA and 200EMA.
100EMA was broken without any hesitation ad we see that there is a good chance for going towards 200EMA.
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Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.