- OP is currently trading at 3.3$ at the time of publishing this
- Layer 2 has a powerful narrative because VanEck expects Layer 2 as a whole to grow more
- Technically L2 looks solid and if you are already holding OP then continue holding this
- If you want to add OP, let it breach 3.6$ or its previous swing high first post that we will evaluate again. As of...
Optimism 1D Update:
- Op has been consolidating in the same zone for 2 months.
- Price action looks contracted in a range
- The overall market scenario looks bullish
- Op currently is sitting on the verge of a strong breakout
- Accumulation Zone - 1.35-1.4$
- Targets - 1.8$ - 2.6$
Optimism 1D Update
- Price is currently consolidating at the same range
- It will be interesting to see if it can break out of the range change the structure and move with huge volume.
- Accumulation Zone - 1.35.-1.45
- Targets - 1.8$, 2$, 2.7$
- I am bullish on OP for the long term I don't believe in a short-term move.
- Hold Period - 3-6 months.
Shaken by the tumultuous selloff ?? not a matter of utmost worry though, because every dark patch is followed by some ray of light
as they say, every chart speaks, so, this is an attempt to try and listen what the chart of nifty bank is trying to say, particularly after a fast and furious meltdown
time-frame used is weekly, indicators applied are Bollinger...
Stock has completed its pattern formation phase and now has given a clear and comfortable breakout over the levels 30, position can be made with the respective stop-loss for the mentioned targets.
