OPTIMISM - OP/USDT - Daily - Technical analysis published on 12/22/2023 (GMT)
- 169
- 0
- Timeframe : Daily
- - Analysis generated on
- Status : WITHOUT TARGET
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 2.57 USDT
My targets
-
My analysis
The bullish trend is currently very strong on OPTIMISM - OP/USDT. As long as the price remains above the support at 2.57 USDT, you could try to benefit from the boom. 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
9.1
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This analysis was given by MOHAMMED ALAMERI. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
OPTIMISM - OP/USDT rating 2.94 USDT. On the day, this instrument gained +16.67% and was traded between 2.49 USDT and 2.98 USDT over the period. The price is currently at +18.07% from its lowest and -1.34% from its highest.2.49
2.98
2.94
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on OPTIMISM - OP/USDT were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this Daily chart of OPTIMISM - OP/USDT indicates that the overall trend is strongly bullish. 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, 17 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
Price
S3 | S2 | S1 | Price | |
---|---|---|---|---|
ProTrendLines | 1.59 | 1.80 | 2.34 | 2.94 |
Change (%) | -45.92% | -38.78% | -20.41% | - |
Change | -1.35 | -1.14 | -0.60 | - |
Level | Intermediate | Minor | Intermediate | - |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.95 | 2.07 | 2.30 | 2.42 | 2.65 | 2.77 | 3.00 |
Camarilla | 2.42 | 2.46 | 2.49 | 2.52 | 2.55 | 2.58 | 2.62 |
Woodie | 2.00 | 2.10 | 2.35 | 2.45 | 2.70 | 2.80 | 3.05 |
Fibonacci | 2.07 | 2.21 | 2.29 | 2.42 | 2.56 | 2.64 | 2.77 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.39 | 1.67 | 1.93 | 2.21 | 2.47 | 2.75 | 3.01 |
Camarilla | 2.03 | 2.08 | 2.13 | 2.18 | 2.23 | 2.28 | 2.33 |
Woodie | 1.37 | 1.67 | 1.91 | 2.21 | 2.45 | 2.75 | 2.99 |
Fibonacci | 1.67 | 1.88 | 2.01 | 2.21 | 2.42 | 2.55 | 2.75 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.74 | 1.03 | 1.35 | 1.64 | 1.96 | 2.25 | 2.57 |
Camarilla | 1.50 | 1.56 | 1.61 | 1.67 | 1.73 | 1.78 | 1.84 |
Woodie | 0.76 | 1.04 | 1.37 | 1.65 | 1.98 | 2.26 | 2.59 |
Fibonacci | 1.03 | 1.26 | 1.41 | 1.64 | 1.87 | 2.02 | 2.25 |
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): | 74.56 | |
MACD (12,26,9): | 0.1900 | |
Directional Movement: | 24.39 | |
AROON (14): | 78.57 | |
DEMA (21): | 2.43 | |
Parabolic SAR (0,02-0,02-0,2): | 1.97 | |
Elder Ray (13): | 0.44 | |
Super Trend (3,10): | 2.00 | |
Zig ZAG (10): | 2.94 | |
VORTEX (21): | 1.1700 | |
Stochastique (14,3,5): | 86.16 | |
TEMA (21): | 2.51 | |
Williams %R (14): | -4.90 | |
Chande Momentum Oscillator (20): | 0.76 | |
Repulse (5,40,3): | 29.7000 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 1.0800 | |
Courbe Coppock: | 41.45 |
MA7: | 2.33 | |
MA20: | 2.15 | |
MA50: | 1.88 | |
MA100: | 1.60 | |
MAexp7: | 2.43 | |
MAexp20: | 2.19 | |
MAexp50: | 1.93 | |
MAexp100: | 1.75 | |
Price / MA7: | +26.18% | |
Price / MA20: | +36.74% | |
Price / MA50: | +56.38% | |
Price / MA100: | +83.75% | |
Price / MAexp7: | +20.99% | |
Price / MAexp20: | +34.25% | |
Price / MAexp50: | +52.33% | |
Price / MAexp100: | +68.00% |
Quotes :
-
Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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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…
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