OPTIMISM - OP/USD - 15 min. - Technical analysis published on 03/28/2023 (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:
Neutral
Underlying:
Bullish
Technical indicators
22%
33%
44%
My opinion
Bullish above 2.12 USD
My targets
2.23 USD (+2.16%)
2.38 USD (+9.31%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on OPTIMISM - OP/USD. As long as you are above the support located at 2.12 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 2.23 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 2.38 USD as an objective. Crossing it would then enable buyers to target 2.49 USD. If the support 2.12 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
3.6
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This analysis was given by Henry07. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
OPTIMISM - OP/USD rating 2.18 USD. The price registered an increase of +5.31% on the session with the lowest point at 2.02 USD and the highest point at 2.26 USD. The deviation from the price is +7.92% for the low point and -3.54% for the high point.2.02
2.26
2.18
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 bullish. The signals given by moving averages are 78.57% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 8 are neutral and 6 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami cross
Type : Bearish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.15 | 1.90 | 2.02 | 2.18 | 2.21 | 2.31 | 2.56 |
| Change (%) | -47.25% | -12.84% | -7.34% | - | +1.38% | +5.96% | +17.43% |
| Change | -1.03 | -0.28 | -0.16 | - | +0.03 | +0.13 | +0.38 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.71 | 1.86 | 1.97 | 2.12 | 2.23 | 2.38 | 2.49 |
| Camarilla | 2.00 | 2.02 | 2.05 | 2.07 | 2.09 | 2.12 | 2.14 |
| Woodie | 1.68 | 1.85 | 1.94 | 2.11 | 2.20 | 2.37 | 2.46 |
| Fibonacci | 1.86 | 1.96 | 2.02 | 2.12 | 2.22 | 2.28 | 2.38 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.19 | 1.67 | 1.92 | 2.40 | 2.65 | 3.13 | 3.38 |
| Camarilla | 1.98 | 2.05 | 2.11 | 2.18 | 2.25 | 2.31 | 2.38 |
| Woodie | 1.09 | 1.61 | 1.82 | 2.34 | 2.55 | 3.07 | 3.28 |
| Fibonacci | 1.67 | 1.95 | 2.12 | 2.40 | 2.68 | 2.85 | 3.13 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 55.31 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | 10.51 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 2.22 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.26 | |
| Elder Ray (13): | -0.01 | |
| Super Trend (3,10): | 2.18 | |
| Zig ZAG (10): | 2.20 | |
| VORTEX (21): | 1.1700 | |
| Stochastique (14,3,5): | 53.36 | |
| TEMA (21): | 2.22 | |
| Williams %R (14): | -55.21 | |
| Chande Momentum Oscillator (20): | -0.02 | |
| Repulse (5,40,3): | 0.0600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1500 | |
| Courbe Coppock: | 4.84 |
| MA7: | 2.29 | |
| MA20: | 2.40 | |
| MA50: | 2.54 | |
| MA100: | 1.97 | |
| MAexp7: | 2.21 | |
| MAexp20: | 2.20 | |
| MAexp50: | 2.16 | |
| MAexp100: | 2.14 | |
| Price / MA7: | -4.80% | |
| Price / MA20: | -9.17% | |
| Price / MA50: | -14.17% | |
| Price / MA100: | +10.66% | |
| Price / MAexp7: | -1.36% | |
| Price / MAexp20: | -0.91% | |
| Price / MAexp50: | +0.93% | |
| Price / MAexp100: | +1.87% |
Quotes :
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Real time data
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