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OPTIMISM - OP/USD
OPTIMISM - OP/USD
- USD (-)
- Real time data - CoinMarketCap
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: OPUSD
ISIN:

OPTIMISM - OP/USD - 15 min. - Technical analysis published on 03/15/2023 (GMT)

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  • Timeframe : 15 min.
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Summary of the analysis

Trends
Short term: Bullish
Underlying: Bullish
Technical indicators
56%
0%
44%
My opinion
Bullish above 2.74 USD
My targets
2.88 USD (+4.35%)
2.95 USD (+6.78%)
My analysis
A bullish trend on OPTIMISM - OP/USD both in substance and in the short term. A purchase could be considered as long as the price remains above 2.74 USD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 2.88 USD. Then the price could move towards 2.95 USD. Then 3.17 USD by extension. Be careful, a return below 2.74 USD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.1

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Henry07
This analysis was given by Henry07. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

OPTIMISM - OP/USD rating 2.76 USD. The price has increased by +1.47% since the last closing with the lowest point at 2.66 USD and the highest point at 2.78 USD. The deviation from the price is +3.76% for the low point and -0.72% for the high point.

2.66
2.78
2.76

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

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 this 15 min. chart of OPTIMISM - OP/USD indicates that the overall trend is bullish. 75.00% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 15 minutes



In fact, 10 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


RSI indicator is back over 50

Type : Bullish

Timeframe : 15 minutes


Momentum indicator is back under 0

Type : Bearish

Timeframe : 15 minutes


Williams %R indicator is back under -50

Type : Bearish

Timeframe : 15 minutes



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 15 minutes



For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Central Candlesticks

Bullish harami cross

Type : Bullish

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2.21 2.38 2.54 2.76 2.77 2.97 3.10
Change (%) -19.93% -13.77% -7.97% - +0.36% +7.61% +12.32%
Change -0.55 -0.38 -0.22 - +0.01 +0.21 +0.34
Level Major Intermediate Intermediate - Intermediate Intermediate Intermediate



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
Standard2.092.312.522.742.953.173.38
Camarilla2.602.642.682.722.762.802.84
Woodie2.082.312.512.742.943.173.37
Fibonacci2.312.482.582.742.913.013.17


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.811.301.602.092.392.883.18
Camarilla1.681.761.831.901.972.052.12
Woodie0.721.251.512.042.302.833.09
Fibonacci1.301.601.792.092.392.582.88


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.981.532.132.683.283.834.43
Camarilla2.412.522.632.732.842.943.05
Woodie1.011.542.162.693.313.844.46
Fibonacci1.531.972.242.683.123.393.83

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): 52.65
MACD (12,26,9): 0.0100
Directional Movement: 1.07
AROON (14): 28.57
DEMA (21): 2.75
Parabolic SAR (0,02-0,02-0,2): 2.70
Elder Ray (13): 0.01
Super Trend (3,10): 2.69
Zig ZAG (10): 2.76
VORTEX (21): 1.0900
Stochastique (14,3,5): 76.81
TEMA (21): 2.76
Williams %R (14): -25.00
Chande Momentum Oscillator (20): 0.03
Repulse (5,40,3): 0.1000
ROCnROLL: 1
TRIX (15,9): 0.0100
Courbe Coppock: 3.52
MA7: 2.39
MA20: 2.50
MA50: 2.48
MA100: 1.80
MAexp7: 2.75
MAexp20: 2.75
MAexp50: 2.74
MAexp100: 2.70
Price / MA7: +15.48%
Price / MA20: +10.40%
Price / MA50: +11.29%
Price / MA100: +53.33%
Price / MAexp7: +0.36%
Price / MAexp20: +0.36%
Price / MAexp50: +0.73%
Price / MAexp100: +2.22%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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