Optimism is expected to make a good rally after the massive dump these past weeks and months. Reasons as to why I am expecting the price to rally past $1 within 2022:
There is a Fair Value Gap below current price that is being targeted around $0.63 (this is my personal entry price). Once price becomes fair value, the algorithm will target buy side liquidity as well as the Liquidity void that is around $1.05.
Historically, Q4 has been great for the overall market which increases the probability of the rally occurring before the end of 2022.
With this said, Happy Trading
Fundamental Analysis on Optimism: medium.com/@marketel...e-a-few-96bf4071c49e
There is a Fair Value Gap below current price that is being targeted around $0.63 (this is my personal entry price). Once price becomes fair value, the algorithm will target buy side liquidity as well as the Liquidity void that is around $1.05.
Historically, Q4 has been great for the overall market which increases the probability of the rally occurring before the end of 2022.
With this said, Happy Trading
Fundamental Analysis on Optimism: medium.com/@marketel...e-a-few-96bf4071c49e