OPTIMISM - OP/USD - 15 min. - Technical analysis published on 02/03/2023 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 2.86 USD
My targets
3.06 USD (+6.15%)
3.32 USD (+15.38%)
My analysis
The bullish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade OPTIMISM - OP/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 2.86 USD. The buyers' bullish objective is set at 3.06 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 3.32 USD. If there is any crossing, the next objective would be the resistance located at 3.52 USD. If there is a bearish break in the support located at 2.86 USD some indecision would arise.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
4.6
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This analysis was given by Henry07. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The OPTIMISM - OP/USD rating is 2.88 USD. On the day, this instrument gained +3.23% with the lowest point at 2.77 USD and the highest point at 2.89 USD. The deviation from the price is +3.97% for the low point and -0.35% for the high point.2.77
2.89
2.88
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 15 min. of this OPTIMISM - OP/USD chart shows a slightly bullish trend. 60.71% of the signals given by moving averages are bullish. The overall trend remains fragile, as do the slightly bullish signals given by short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 15 minutes
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 15 minutes
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 15 minutes
The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : 15 minutes
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Black hanging man / hammer
Type : Neutral
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 2.26 | 2.38 | 2.81 | 2.88 | 3.13 |
| Change (%) | -21.53% | -17.36% | -2.43% | - | +8.68% |
| Change | -0.62 | -0.50 | -0.07 | - | +0.25 |
| Level | Minor | Intermediate | Minor | - | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.14 | 2.40 | 2.60 | 2.86 | 3.06 | 3.32 | 3.52 |
| Camarilla | 2.66 | 2.71 | 2.75 | 2.79 | 2.83 | 2.87 | 2.92 |
| Woodie | 2.10 | 2.39 | 2.56 | 2.85 | 3.02 | 3.31 | 3.48 |
| Fibonacci | 2.40 | 2.58 | 2.69 | 2.86 | 3.04 | 3.15 | 3.32 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.30 | 1.62 | 1.91 | 2.23 | 2.52 | 2.84 | 3.13 |
| Camarilla | 2.02 | 2.08 | 2.13 | 2.19 | 2.25 | 2.30 | 2.36 |
| Woodie | 1.28 | 1.61 | 1.89 | 2.22 | 2.50 | 2.83 | 3.11 |
| Fibonacci | 1.62 | 1.86 | 2.00 | 2.23 | 2.47 | 2.61 | 2.84 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.46 | 0.23 | 1.19 | 1.88 | 2.84 | 3.53 | 4.49 |
| Camarilla | 1.71 | 1.86 | 2.01 | 2.16 | 2.31 | 2.46 | 2.61 |
| Woodie | -0.32 | 0.30 | 1.34 | 1.95 | 2.99 | 3.60 | 4.64 |
| Fibonacci | 0.23 | 0.86 | 1.25 | 1.88 | 2.51 | 2.90 | 3.53 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 48.08 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | -1.34 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 2.82 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.80 | |
| Elder Ray (13): | 0 | |
| Super Trend (3,10): | 2.91 | |
| Zig ZAG (10): | 2.85 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 72.37 | |
| TEMA (21): | 2.83 | |
| Williams %R (14): | -14.47 | |
| Chande Momentum Oscillator (20): | 0.02 | |
| Repulse (5,40,3): | 1.6200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0900 | |
| Courbe Coppock: | 1.36 |
| MA7: | 2.46 | |
| MA20: | 2.18 | |
| MA50: | 1.51 | |
| MA100: | 1.26 | |
| MAexp7: | 2.85 | |
| MAexp20: | 2.84 | |
| MAexp50: | 2.85 | |
| MAexp100: | 2.80 | |
| Price / MA7: | +17.07% | |
| Price / MA20: | +32.11% | |
| Price / MA50: | +90.73% | |
| Price / MA100: | +128.57% | |
| Price / MAexp7: | +1.05% | |
| Price / MAexp20: | +1.41% | |
| Price / MAexp50: | +1.05% | |
| Price / MAexp100: | +2.86% |
Quotes :
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Real time data
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