OPTIMISM - OP/USDT - 1H - Technical analysis published on 06/15/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
56%
11%
33%
My opinion
Bearish under 1.09 USDT
My targets
1.06 USDT (-1.85%)
1.02 USDT (-5.56%)
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/USDT. As long as you are under the resistance located at 1.09 USDT, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 1.06 USDT would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 1.02 USDT as an objective. Crossing it would then enable sellers to target 0.89 USDT. If the resistance 1.09 USDT were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
2
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Additional analysis
Quotes
OPTIMISM - OP/USDT rating 1.08 USDT. On the day, this instrument lost -0.92% and was traded between 1.06 USDT and 1.10 USDT over the period. The price is currently at +1.89% from its lowest and -1.82% from its highest.1.06
1.10
1.08
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
A technical analysis in 1H of this OPTIMISM - OP/USDT chart shows a bearish trend. 67.86% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a moderate bullish signal.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.89 | 1.02 | 1.06 | 1.08 | 1.15 | 1.35 | 1.44 |
| Change (%) | -17.59% | -5.56% | -1.85% | - | +6.48% | +25.00% | +33.33% |
| Change | -0.19 | -0.06 | -0.02 | - | +0.07 | +0.27 | +0.36 |
| Level | Minor | Minor | Intermediate | - | Major | Major | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 0.95 | 1.00 | 1.05 | 1.10 | 1.15 | 1.20 | 1.25 |
| Camarilla | 1.06 | 1.07 | 1.08 | 1.09 | 1.10 | 1.11 | 1.12 |
| Woodie | 0.94 | 1.00 | 1.04 | 1.10 | 1.14 | 1.20 | 1.24 |
| Fibonacci | 1.00 | 1.04 | 1.07 | 1.10 | 1.14 | 1.17 | 1.20 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.24 | 0.60 | 0.84 | 1.20 | 1.44 | 1.80 | 2.04 |
| Camarilla | 0.93 | 0.98 | 1.04 | 1.09 | 1.15 | 1.20 | 1.26 |
| Woodie | 0.19 | 0.57 | 0.79 | 1.17 | 1.39 | 1.77 | 1.99 |
| Fibonacci | 0.60 | 0.83 | 0.97 | 1.20 | 1.43 | 1.57 | 1.80 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.25 | 0.80 | 1.09 | 1.64 | 1.93 | 2.48 | 2.77 |
| Camarilla | 1.15 | 1.23 | 1.30 | 1.38 | 1.46 | 1.53 | 1.61 |
| Woodie | 0.12 | 0.74 | 0.96 | 1.58 | 1.80 | 2.42 | 2.64 |
| Fibonacci | 0.80 | 1.12 | 1.32 | 1.64 | 1.96 | 2.16 | 2.48 |
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): | 44.33 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | -7.03 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 1.07 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.11 | |
| Elder Ray (13): | 0 | |
| Super Trend (3,10): | 1.11 | |
| Zig ZAG (10): | 1.08 | |
| VORTEX (21): | 0.8200 | |
| Stochastique (14,3,5): | 62.03 | |
| TEMA (21): | 1.07 | |
| Williams %R (14): | -28.21 | |
| Chande Momentum Oscillator (20): | 0.00 | |
| Repulse (5,40,3): | 0.2900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2000 | |
| Courbe Coppock: | 2.40 |
| MA7: | 1.14 | |
| MA20: | 1.35 | |
| MA50: | 1.63 | |
| MA100: | 2.00 | |
| MAexp7: | 1.08 | |
| MAexp20: | 1.09 | |
| MAexp50: | 1.11 | |
| MAexp100: | 1.13 | |
| Price / MA7: | -5.26% | |
| Price / MA20: | -20.00% | |
| Price / MA50: | -33.74% | |
| Price / MA100: | -46.00% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -0.92% | |
| Price / MAexp50: | -2.70% | |
| Price / MAexp100: | -4.42% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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