Fusionist

Shift

Momentum

Optimism

<p>The TD Sequential indicator has been a valuable tool for Optimism (OP) traders to time the market. After identifying a major buy signal for OP over three weeks ago, this indicator is now flashing a warning sign.</p>
<p><strong>Buying the Surge On December 1</strong><br>Crypto trader Ali <a href="https://twitter.com/ali_charts/status/1738205559340372080?t=kRvi672xfX4n9vv9MQYOLQ&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">highlighted</a> how the TD Sequential was signaling an opportune time to buy OP. Traders who followed this signal were handsomely rewarded, as Optimism proceeded to surge 81% in price over the following weeks.</p>
<p>As Ali noted on Twitter: “Back on December 1, the TD Sequential indicator was all about buying #Optimism, leading to an impressive 81% surge.” Spotting these textbook buy signals allows traders to maximize gains.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="666" src="https://captainaltcoin.com/wp-content/uploads/2023/12/image-631-1024x666.png" alt="" class="wp-image-404939" srcset="https://captainaltcoin.com/wp-content/uploads/2023/12/image-631-1024x666.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-631-300x195.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-631-768x499.png 768w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-631-1536x998.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-631-2048x1331.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-631-231x150.png 231w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-631-100x65.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-631-336x220.png 336w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-631-538x350.png 538w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-631-788x512.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-631.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p><strong>Shift in Momentum </strong><br>However, the tide has now turned on Optimism’s outlook – at least temporarily. According to Ali, this same indicator “is flashing a sell signal on the $OP 12-hour chart.”</p>
<p>The TD Sequential works by identifying overbought and oversold conditions in the market. Its sell signals often capture major pivot points when rallies have overextended and need to cool off.</p>
<p><strong>Heed the Warning Signs </strong><br>Traders who want to lock in OP gains may be wise to consider booking some profits if the current sell signal is validated. As Ali suggests: “It might be the right moment for #OP traders to consider booking profits!”</p>
<p>The key is not to panic sell out of positions completely. But trimming exposure around signal reversals helps traders take advantage of price swings.</p>
<p>What happens next for Optimism will come down to whether the sell signal marks a temporary pullback or more sustained reversal. Either way, technical indicators like the TD Sequential have once again proven valuable for timing major moves. Traders should keep it top of mind while managing OP exposure during periods of shifting momentum.</p>
<p>You may also be interested in:</p>
<ul>
 <li><a href="https://captainaltcoin.com/fusionist-ace-surges-30-as-it-secures-binance-listing-analysts-set-their-price-targets/" target="_blank" rel="noopener noreferrer nofollow">Fusionist (ACE) Surges 30% as It Secures Binance Listing: Analysts Set Their Price Targets</a></li>
 <li><a href="https://captainaltcoin.com/veteran-crypto-analyst-critical-ethereum-signal-points-to-brutal-altcoin-run-ahead/" target="_blank" rel="noopener noreferrer nofollow">Veteran Crypto Analyst: Critical Ethereum Signal Points to “Brutal” Altcoin Run Ahead</a></li>
 <li><a href="https://captainaltcoin.com/diversifying-your-digital-portfolio-top-altcoins-set-to-explode-in-2024-bonk-fil-nugx/" target="_blank" rel="noopener noreferrer nofollow">Diversifying Your Digital Portfolio: Top Altcoins Set to Explode in 2024 (BONK, FIL, NUGX)</a></li>
</ul>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>74% of retail CFD accounts lose money.</strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy thetrades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/this-indicator-correctly-signaled-an-81-surge-in-optimism-op-price-3-weeks-ago-now-its-flashing-a-sell/" rel="noopener noreferrer nofollow">This Indicator Correctly Signaled an 81% Surge in Optimism (OP) Price 3 Weeks Ago; Now, It’s Flashing a Sell</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

This Indicator Correctly Signaled an 81% Surge in Optimism (OP) Price 3 Weeks Ago; Now, It’s Flashing a Sell

목차

CaptainAltcoin

2023년 12월 22일에 게재된 다른 기사

AI Companions: Robots Easing Seniors’ Loneliness

Bitcoin NFTs register $425 million in sales in one week

MetaCene Alpha Test 2: A Resounding Success in Blockchain Gaming

Bears Freeze the Levels at $44,200: Will Bitcoin (BTC) Validate a Fresh Bearish Trend?

Solana (SOL) Shows 2021's Performance, Ready for $100

El Salvador Mulls Citizenship Reward to Foreign Bitcoin Investors

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!