OPTIMISM - OP/USD - 15 min. - Technical analysis published on 03/21/2023 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 2.57 USD
My targets
2.85 USD (+5.84%)
2.94 USD (+9.41%)
My analysis
The bullish trend is currently very strong on OPTIMISM - OP/USD. As long as the price remains above the support at 2.57 USD, you could try to benefit from the boom. The first bullish objective is located at 2.85 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2.94 USD as an objective. Crossing it would then enable buyers to target 2.97 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.5
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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 price is 2.69 USD. The price has increased by +8.47% since the last closing with the lowest point at 2.41 USD and the highest point at 2.73 USD. The deviation from the price is +11.62% for the low point and -1.47% for the high point.2.41
2.73
2.69
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 15 min. chart of OPTIMISM - OP/USD indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 15 minutes
The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of these bullish patterns in Japanese candlesticks:
Piercing line
Type : Bullish
Timeframe : 15 minutes
Bullish harami cross
Type : Bullish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.40 | 2.47 | 2.56 | 2.69 | 2.77 | 2.87 | 2.97 |
| Change (%) | -10.78% | -8.18% | -4.83% | - | +2.97% | +6.69% | +10.41% |
| Change | -0.29 | -0.22 | -0.13 | - | +0.08 | +0.18 | +0.28 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.10 | 2.29 | 2.38 | 2.57 | 2.66 | 2.85 | 2.94 |
| Camarilla | 2.40 | 2.43 | 2.45 | 2.48 | 2.51 | 2.53 | 2.56 |
| Woodie | 2.06 | 2.27 | 2.34 | 2.55 | 2.62 | 2.83 | 2.90 |
| Fibonacci | 2.29 | 2.39 | 2.46 | 2.57 | 2.67 | 2.74 | 2.85 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.87 | 1.36 | 1.99 | 2.48 | 3.11 | 3.60 | 4.23 |
| Camarilla | 2.31 | 2.42 | 2.52 | 2.62 | 2.72 | 2.83 | 2.93 |
| Woodie | 0.94 | 1.40 | 2.06 | 2.52 | 3.18 | 3.64 | 4.30 |
| Fibonacci | 1.36 | 1.79 | 2.05 | 2.48 | 2.91 | 3.17 | 3.60 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.98 | 1.53 | 2.13 | 2.68 | 3.28 | 3.83 | 4.43 |
| Camarilla | 2.41 | 2.52 | 2.63 | 2.73 | 2.84 | 2.94 | 3.05 |
| Woodie | 1.01 | 1.54 | 2.16 | 2.69 | 3.31 | 3.84 | 4.46 |
| Fibonacci | 1.53 | 1.97 | 2.24 | 2.68 | 3.12 | 3.39 | 3.83 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 62.42 | |
| MACD (12,26,9): | 0.0400 | |
| Directional Movement: | 22.55 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 2.67 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.70 | |
| Elder Ray (13): | 0.01 | |
| Super Trend (3,10): | 2.60 | |
| Zig ZAG (10): | 2.63 | |
| VORTEX (21): | 1.1800 | |
| Stochastique (14,3,5): | 53.41 | |
| TEMA (21): | 2.68 | |
| Williams %R (14): | -58.28 | |
| Chande Momentum Oscillator (20): | -0.03 | |
| Repulse (5,40,3): | 0.4600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2400 | |
| Courbe Coppock: | 5.60 |
| MA7: | 2.58 | |
| MA20: | 2.46 | |
| MA50: | 2.53 | |
| MA100: | 1.89 | |
| MAexp7: | 2.64 | |
| MAexp20: | 2.62 | |
| MAexp50: | 2.57 | |
| MAexp100: | 2.56 | |
| Price / MA7: | +4.26% | |
| Price / MA20: | +9.35% | |
| Price / MA50: | +6.32% | |
| Price / MA100: | +42.33% | |
| Price / MAexp7: | +1.89% | |
| Price / MAexp20: | +2.67% | |
| Price / MAexp50: | +4.67% | |
| Price / MAexp100: | +5.08% |
Quotes :
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Real time data
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