OPTIMISM - OP/USDT
OPTIMISM - OP/USDT
1.16 USDT (+2.66%)
02/20/2025 - 20:19 Open Real time data - CoinMarketCap
Open: 1.13
Change: +0.03
Volume: 0
Low: 1.13
High: 1.18
High / Low range: 0.05
Type: Cryptocurrencies
Ticker: OPUSDT
ISIN:

OPTIMISM - OP/USDT - 1H - Technical analysis published on 05/07/2023 (GMT)

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  • 05/07/2023 - 07:03
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  • Timeframe : 1H
  • - Analysis generated on 05/07/2023 - 07:03
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
78%
0%
22%
My opinion
Bearish under 1.96 USDT
My targets
1.89 USDT (-2.07%)
1.70 USDT (-11.92%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 1.96 USDT remains possible. It is advisable to trade OPTIMISM - OP/USDT with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 1.96 USDT. The next bearish objective for sellers is set at 1.89 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.70 USDT. In case of crossing, the next objective would be the support located at 1.66 USDT. PS: if there is a bullish break in the resistance located at 1.96 USDT we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0

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Daily Weekly

Additional analysis

Quotes

OPTIMISM - OP/USDT rating 1.93 USDT. The price has increased by +3.21% since the last closing and was traded between 1.86 USDT and 1.93 USDT over the period. The price is currently at +3.76% from its lowest and 0% from its highest.

1.86
1.93
1.93

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning


Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by OPTIMISM - OP/USDT:
Created with Raphaël 2.3.0-75075150January 1st6 months1 month5 daysToday
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of OPTIMISM - OP/USDT indicates that the overall trend is bearish. 64.29% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour


Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.15 1.66 1.89 1.93 1.96 2.04 2.09
Change (%) -40.41% -13.99% -2.07% - +1.55% +5.70% +8.29%
Change -0.78 -0.27 -0.04 - +0.03 +0.11 +0.16
Level Intermediate Minor Major - Intermediate Minor 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
Standard1.581.691.781.891.982.092.18
Camarilla1.821.831.851.871.891.911.93
Woodie1.571.691.771.891.972.092.17
Fibonacci1.691.771.811.891.972.012.09


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.261.531.701.972.142.412.58
Camarilla1.751.791.831.871.911.951.99
Woodie1.211.511.651.952.092.392.53
Fibonacci1.531.701.801.972.142.242.41


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.121.601.882.362.643.123.40
Camarilla1.962.032.102.172.242.312.38
Woodie1.031.551.792.312.553.073.31
Fibonacci1.601.892.072.362.652.833.12

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Created with Raphaël 2.3.0Buy14
Moving averages
Created with Raphaël 2.3.0Sell18

RSI (14): 57.89
MACD (12,26,9): 0.0000
Directional Movement: 11.97
AROON (14): 92.86
DEMA (21): 1.88
Parabolic SAR (0,02-0,02-0,2): 1.86
Elder Ray (13): 0.03
Super Trend (3,10): 1.86
Zig ZAG (10): 1.92
VORTEX (21): 1.1200
Stochastique (14,3,5): 91.12
TEMA (21): 1.90
Williams %R (14): -10.10
Chande Momentum Oscillator (20): 0.04
Repulse (5,40,3): 0.9300
ROCnROLL: -1
TRIX (15,9): -0.1200
Courbe Coppock: 5.87
MA7: 2.03
MA20: 2.20
MA50: 2.30
MA100: 2.40
MAexp7: 1.90
MAexp20: 1.89
MAexp50: 1.93
MAexp100: 1.99
Price / MA7: -4.93%
Price / MA20: -12.27%
Price / MA50: -16.09%
Price / MA100: -19.58%
Price / MAexp7: +1.58%
Price / MAexp20: +2.12%
Price / MAexp50: -0%
Price / MAexp100: -3.02%

Quotes : 05/07/2023 - 07:02 - Real time data - Cryptocompare

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

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