OPTIMISM - OP/USDT - 1H - Technical analysis published on 04/16/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bullish
Technical indicators
22%
44%
33%
My opinion
Bullish above 2.58 USDT
My targets
2.71 USDT (+2.26%)
2.97 USDT (+11.96%)
My analysis
With a bullish background trend, the price of OPTIMISM - OP/USDT is trying to inflate a little with a slight short-term relapse. At this stage, no trend reversal is in sight. Globally, buyers have the upper hand. Traders could allow themselves to trade long positions (at the time of purchase) as long as the price remains above the support located at 2.58 USDT. A bullish break in the resistance located at 2.71 USDT would boost the bullish momentum and fuel the basic trend. Then the price could move towards 2.97 USDT. Then 3.10 USDT by extension. It would be safer to wait for a bullish break in the resistance located at 2.71 USDT before allowing yourself to re trade long positions (at purchase) on OPTIMISM - OP/USDT. PS: if there is a bearish break in the support located at 2.58 USDT we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
0.4
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Additional analysis
Quotes
OPTIMISM - OP/USDT rating 2.65 USDT. The price is lower by -2.21% since the last closing and was traded between 2.63 USDT and 2.71 USDT over the period. The price is currently at +0.76% from its lowest and -2.21% from its highest.2.63
2.71
2.65
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
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 OPTIMISM - OP/USDT in 1H shows an overall bullish trend. The signals given by moving averages are 64.29% bullish. This bullish trend could slow down given the slightly bearish signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | R1 | Price | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.40 | 2.52 | 2.58 | 2.65 | 2.65 | 2.71 | 3.10 |
| Change (%) | -9.43% | -4.91% | -2.64% | 0% | - | +2.26% | +16.98% |
| Change | -0.25 | -0.13 | -0.07 | 0 | - | +0.06 | +0.45 |
| Level | Intermediate | Intermediate | Minor | Intermediate | - | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.38 | 2.50 | 2.60 | 2.72 | 2.82 | 2.94 | 3.04 |
| Camarilla | 2.65 | 2.67 | 2.69 | 2.71 | 2.73 | 2.75 | 2.77 |
| Woodie | 2.38 | 2.50 | 2.60 | 2.72 | 2.82 | 2.94 | 3.04 |
| Fibonacci | 2.50 | 2.58 | 2.63 | 2.72 | 2.80 | 2.85 | 2.94 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.67 | 1.92 | 2.32 | 2.57 | 2.97 | 3.22 | 3.62 |
| Camarilla | 2.53 | 2.59 | 2.65 | 2.71 | 2.77 | 2.83 | 2.89 |
| Woodie | 1.74 | 1.96 | 2.39 | 2.61 | 3.04 | 3.26 | 3.69 |
| Fibonacci | 1.92 | 2.17 | 2.33 | 2.57 | 2.82 | 2.98 | 3.22 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.54 | 1.16 | 1.72 | 2.34 | 2.90 | 3.52 | 4.08 |
| Camarilla | 1.97 | 2.07 | 2.18 | 2.29 | 2.40 | 2.51 | 2.62 |
| Woodie | 0.52 | 1.15 | 1.70 | 2.33 | 2.88 | 3.51 | 4.06 |
| Fibonacci | 1.16 | 1.61 | 1.89 | 2.34 | 2.79 | 3.07 | 3.52 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 42.83 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | -6.55 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 2.67 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.69 | |
| Elder Ray (13): | -0.02 | |
| Super Trend (3,10): | 2.64 | |
| Zig ZAG (10): | 2.64 | |
| VORTEX (21): | 0.8300 | |
| Stochastique (14,3,5): | 21.66 | |
| TEMA (21): | 2.64 | |
| Williams %R (14): | -68.18 | |
| Chande Momentum Oscillator (20): | -0.02 | |
| Repulse (5,40,3): | 0.1300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 3.11 |
| MA7: | 2.48 | |
| MA20: | 2.33 | |
| MA50: | 2.40 | |
| MA100: | 2.23 | |
| MAexp7: | 2.66 | |
| MAexp20: | 2.67 | |
| MAexp50: | 2.65 | |
| MAexp100: | 2.56 | |
| Price / MA7: | +6.85% | |
| Price / MA20: | +13.73% | |
| Price / MA50: | +10.42% | |
| Price / MA100: | +18.83% | |
| Price / MAexp7: | -0.38% | |
| Price / MAexp20: | -0.75% | |
| Price / MAexp50: | -0% | |
| Price / MAexp100: | +3.52% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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