OPTIMISM - OP/USD - 15 min. - Technical analysis published on 09/12/2023 (GMT)
- 143
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- 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
83%
0%
17%
My opinion
Bullish above 1.31 USD
My targets
1.38 USD (+1.25%)
1.44 USD (+5.66%)
My analysis
The bullish trend is currently very strong on OPTIMISM - OP/USD. As long as the price remains above the support at 1.31 USD, you could try to benefit from the boom. The first bullish objective is located at 1.38 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.44 USD as an objective. Crossing it would then enable buyers to target 1.80 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.
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
8.8
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.
This analysis was given by Henry07. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
OPTIMISM - OP/USD rating 1.36 USD. The price registered an increase of +6.25% on the session with the lowest point at 1.28 USD and the highest point at 1.37 USD. The deviation from the price is +6.25% for the low point and -0.73% for the high point.1.28
1.37
1.36
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:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 15 min. of this OPTIMISM - OP/USD chart shows a strongly bullish trend. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 15 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 15 minutes
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 15 minutes
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.28 | 1.30 | 1.35 | 1.36 | 1.37 | 1.80 | 2.07 |
| Change (%) | -5.88% | -4.41% | -0.74% | - | +0.74% | +32.35% | +52.21% |
| Change | -0.08 | -0.06 | -0.01 | - | +0.01 | +0.44 | +0.71 |
| Level | Major | Major | Intermediate | - | Minor | 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 | 1.17 | 1.19 | 1.24 | 1.26 | 1.31 | 1.33 | 1.38 |
| Camarilla | 1.26 | 1.27 | 1.27 | 1.28 | 1.29 | 1.29 | 1.30 |
| Woodie | 1.18 | 1.20 | 1.25 | 1.27 | 1.32 | 1.34 | 1.39 |
| Fibonacci | 1.19 | 1.22 | 1.24 | 1.26 | 1.29 | 1.31 | 1.33 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.17 | 1.22 | 1.26 | 1.31 | 1.35 | 1.40 | 1.44 |
| Camarilla | 1.27 | 1.27 | 1.28 | 1.29 | 1.30 | 1.31 | 1.32 |
| Woodie | 1.16 | 1.22 | 1.25 | 1.31 | 1.34 | 1.40 | 1.43 |
| Fibonacci | 1.22 | 1.26 | 1.28 | 1.31 | 1.35 | 1.37 | 1.40 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.62 | 0.94 | 1.17 | 1.49 | 1.72 | 2.04 | 2.27 |
| Camarilla | 1.24 | 1.29 | 1.34 | 1.39 | 1.44 | 1.49 | 1.54 |
| Woodie | 0.57 | 0.92 | 1.12 | 1.47 | 1.67 | 2.02 | 2.22 |
| Fibonacci | 0.94 | 1.15 | 1.28 | 1.49 | 1.70 | 1.83 | 2.04 |
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): | 64.88 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 26.38 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 1.36 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.33 | |
| Elder Ray (13): | 0.01 | |
| Super Trend (3,10): | 1.33 | |
| Zig ZAG (10): | 1.36 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 78.57 | |
| TEMA (21): | 1.36 | |
| Williams %R (14): | -21.43 | |
| Chande Momentum Oscillator (20): | 0.02 | |
| Repulse (5,40,3): | 0.4900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0800 | |
| Courbe Coppock: | 3.11 |
| MA7: | 1.31 | |
| MA20: | 1.38 | |
| MA50: | 1.49 | |
| MA100: | 1.40 | |
| MAexp7: | 1.35 | |
| MAexp20: | 1.34 | |
| MAexp50: | 1.33 | |
| MAexp100: | 1.31 | |
| Price / MA7: | +3.82% | |
| Price / MA20: | -1.45% | |
| Price / MA50: | -8.72% | |
| Price / MA100: | -2.86% | |
| Price / MAexp7: | +0.74% | |
| Price / MAexp20: | +1.49% | |
| Price / MAexp50: | +2.26% | |
| Price / MAexp100: | +3.82% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis OPTIMISM - OP/USD - 15 min.