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OPTIMISM - OP/USDT
OPTIMISM - OP/USDT
- USDT (-)
- Real time data - CoinMarketCap
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: OPUSDT
ISIN:

OPTIMISM - OP/USDT - 1H - Technical analysis published on 06/18/2023 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Bearish
Underlying: Bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 1.13 USDT
My targets
1.10 USDT (-0.90%)
1.06 USDT (-4.50%)
My analysis
All elements being rather bearish, it would be possible for traders to trade only short positions (for sale) on OPTIMISM - OP/USDT as long as the price remains well below 1.13 USDT. The next bearish objective for sellers is set at 1.10 USDT. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 1.06 USDT. If there is any crossing, the next objective would be the support located at 1.02 USDT. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
4.6

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.

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Daily Weekly

Additional analysis

Quotes

OPTIMISM - OP/USDT rating 1.11 USDT. The price registered a decrease of -1.77% on the session with the lowest point at 1.09 USDT and the highest point at 1.14 USDT. The deviation from the price is +1.83% for the low point and -2.63% for the high point.

1.09
1.14
1.11

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

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:
The Central Volumes scanner notes the presence of abnormal volumes:

Central Volumes

Abnormal volumes

Timeframe : 5 days


Abnormal volumes

Timeframe : 20 days

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. The overall trend seems to be showing some signs of weakness, as do the tentative bearish signals from short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Central Indicators

Moving Average bearish crossovers : AMA20 & AMA50

Type : Bearish

Timeframe : 1 hour



An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour


CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour


Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.02 1.06 1.10 1.11 1.13 1.19 1.35
Change (%) -8.11% -4.50% -0.90% - +1.80% +7.21% +21.62%
Change -0.09 -0.05 -0.01 - +0.02 +0.08 +0.24
Level Minor Major Intermediate - Major Intermediate Minor



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.031.071.101.141.171.211.24
Camarilla1.111.121.121.131.141.141.15
Woodie1.031.071.101.141.171.211.24
Fibonacci1.071.101.111.141.171.181.21


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.931.001.061.131.191.261.32
Camarilla1.091.111.121.131.141.151.17
Woodie0.941.001.071.131.201.261.33
Fibonacci1.001.051.081.131.181.211.26


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.250.801.091.641.932.482.77
Camarilla1.151.231.301.381.461.531.61
Woodie0.120.740.961.581.802.422.64
Fibonacci0.801.121.321.641.962.162.48

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): 43.03
MACD (12,26,9): 0.0000
Directional Movement: -19.18
AROON (14): -14.28
DEMA (21): 1.13
Parabolic SAR (0,02-0,02-0,2): 1.14
Elder Ray (13): -0.01
Super Trend (3,10): 1.16
Zig ZAG (10): 1.12
VORTEX (21): 0.8700
Stochastique (14,3,5): 47.33
TEMA (21): 1.12
Williams %R (14): -46.00
Chande Momentum Oscillator (20): -0.02
Repulse (5,40,3): 0.0200
ROCnROLL: 2
TRIX (15,9): -0.0300
Courbe Coppock: 2.79
MA7: 1.12
MA20: 1.28
MA50: 1.57
MA100: 1.97
MAexp7: 1.12
MAexp20: 1.13
MAexp50: 1.13
MAexp100: 1.13
Price / MA7: -0.89%
Price / MA20: -13.28%
Price / MA50: -29.30%
Price / MA100: -43.65%
Price / MAexp7: -0.89%
Price / MAexp20: -1.77%
Price / MAexp50: -1.77%
Price / MAexp100: -1.77%

Quotes : - Real time data - Cryptocompare

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

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