OPTIMISM - OP/USD - 15 min. - Technical analysis published on 03/30/2023 (GMT)
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- Timeframe : 15 min.
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bearish
Technical indicators
33%
39%
28%
My opinion
Bearish under 2.24 USD
My targets
2.17 USD (-2.12%)
2.12 USD (-4.64%)
My analysis
The bearish 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 short positions (for sale) as long as the price remains well below 2.24 USD. The next bearish objective for sellers is set at 2.17 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2.12 USD. In case of crossing, the next objective would be the support located at 2.05 USD. In the event of a bullish break in the resistance located at 2.24 USD a certain indecision would take hold.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
3.8
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Additional analysis
Quotes
OPTIMISM - OP/USD rating 2.22 USD. On the day, this instrument lost -0.45% and was traded between 2.18 USD and 2.31 USD over the period. The price is currently at +1.83% from its lowest and -3.90% from its highest.2.18
2.31
2.22
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
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 slightly bearish. 60.71% of the signals given by moving averages are bearish. The overall trend remains fragile, reflecting the slightly bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
The Central Indicators scanner found no further results concerning independent technical indicators.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.08 | 2.14 | 2.21 | 2.22 | 2.31 | 2.44 | 2.56 |
| Change (%) | -6.31% | -3.60% | -0.45% | - | +4.05% | +9.91% | +15.32% |
| Change | -0.14 | -0.08 | -0.01 | - | +0.09 | +0.22 | +0.34 |
| Level | Minor | Intermediate | Intermediate | - | Major | Intermediate | 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 | 2.05 | 2.12 | 2.17 | 2.24 | 2.29 | 2.36 | 2.41 |
| Camarilla | 2.20 | 2.21 | 2.22 | 2.23 | 2.24 | 2.25 | 2.26 |
| Woodie | 2.05 | 2.12 | 2.17 | 2.24 | 2.29 | 2.36 | 2.41 |
| Fibonacci | 2.12 | 2.16 | 2.19 | 2.24 | 2.28 | 2.31 | 2.36 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 46.05 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -5.97 | |
| AROON (14): | 42.85 | |
| DEMA (21): | 2.22 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.30 | |
| Elder Ray (13): | -0.02 | |
| Super Trend (3,10): | 2.29 | |
| Zig ZAG (10): | 2.22 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 25.34 | |
| TEMA (21): | 2.22 | |
| Williams %R (14): | -66.94 | |
| Chande Momentum Oscillator (20): | 0.03 | |
| Repulse (5,40,3): | 0.2000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.31 |
| MA7: | 2.21 | |
| MA20: | 2.41 | |
| MA50: | 2.52 | |
| MA100: | 1.99 | |
| MAexp7: | 2.23 | |
| MAexp20: | 2.23 | |
| MAexp50: | 2.23 | |
| MAexp100: | 2.23 | |
| Price / MA7: | +0.45% | |
| Price / MA20: | -7.88% | |
| Price / MA50: | -11.90% | |
| Price / MA100: | +11.56% | |
| Price / MAexp7: | -0.45% | |
| Price / MAexp20: | -0.45% | |
| Price / MAexp50: | -0.45% | |
| Price / MAexp100: | -0.45% |
Quotes :
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Real time data
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