OPTIMISM - OP/USDT - 15 min. - Technical analysis published on 03/06/2024 (GMT)
- 142
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 4.58 USDT
My targets
4.81 USDT (+2.78%)
5.10 USDT (+8.97%)
My analysis
OPTIMISM - OP/USDT is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 4.58 USDT. The next resistance located at 4.81 USDT is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 5.10 USDT. After this resistance, buyers could then target 5.60 USDT. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
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 trader_57583. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The OPTIMISM - OP/USDT price is 4.68 USDT. On the day, this instrument gained +3.54% with the lowest point at 4.31 USDT and the highest point at 4.77 USDT. The deviation from the price is +8.58% for the low point and -1.89% for the high point.4.31
4.77
4.68
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
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
Technical
Technical analysis of this 15 min. chart of OPTIMISM - OP/USDT indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 15 minutes
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
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
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 3.98 | 4.32 | 4.60 | 4.68 |
| Change (%) | -14.96% | -7.69% | -1.71% | - |
| Change | -0.70 | -0.36 | -0.08 | - |
| Level | Major | Minor | Intermediate | - |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 3.23 | 3.52 | 4.02 | 4.31 | 4.81 | 5.10 | 5.60 |
| Camarilla | 4.30 | 4.38 | 4.45 | 4.52 | 4.59 | 4.67 | 4.74 |
| Woodie | 3.34 | 3.57 | 4.13 | 4.36 | 4.92 | 5.15 | 5.71 |
| Fibonacci | 3.52 | 3.82 | 4.01 | 4.31 | 4.61 | 4.80 | 5.10 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.29 | 3.45 | 3.72 | 3.88 | 4.15 | 4.31 | 4.58 |
| Camarilla | 3.87 | 3.91 | 3.95 | 3.99 | 4.03 | 4.07 | 4.11 |
| Woodie | 3.35 | 3.48 | 3.78 | 3.91 | 4.21 | 4.34 | 4.64 |
| Fibonacci | 3.45 | 3.61 | 3.72 | 3.88 | 4.04 | 4.15 | 4.31 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.58 | 2.20 | 2.95 | 3.57 | 4.32 | 4.94 | 5.69 |
| Camarilla | 3.32 | 3.45 | 3.57 | 3.70 | 3.83 | 3.95 | 4.08 |
| Woodie | 1.65 | 2.23 | 3.02 | 3.60 | 4.39 | 4.97 | 5.76 |
| Fibonacci | 2.20 | 2.72 | 3.05 | 3.57 | 4.09 | 4.42 | 4.94 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 74.82 | |
| MACD (12,26,9): | 0.0600 | |
| Directional Movement: | 31.39 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 4.52 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.34 | |
| Elder Ray (13): | 0.22 | |
| Super Trend (3,10): | 4.47 | |
| Zig ZAG (10): | 4.71 | |
| VORTEX (21): | 1.1900 | |
| Stochastique (14,3,5): | 91.61 | |
| TEMA (21): | 4.57 | |
| Williams %R (14): | -13.43 | |
| Chande Momentum Oscillator (20): | 0.31 | |
| Repulse (5,40,3): | 4.6800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0900 | |
| Courbe Coppock: | 7.75 |
| MA7: | 4.08 | |
| MA20: | 3.87 | |
| MA50: | 3.48 | |
| MA100: | 3.17 | |
| MAexp7: | 4.54 | |
| MAexp20: | 4.46 | |
| MAexp50: | 4.40 | |
| MAexp100: | 4.34 | |
| Price / MA7: | +14.71% | |
| Price / MA20: | +20.93% | |
| Price / MA50: | +34.48% | |
| Price / MA100: | +47.63% | |
| Price / MAexp7: | +3.08% | |
| Price / MAexp20: | +4.93% | |
| Price / MAexp50: | +6.36% | |
| Price / MAexp100: | +7.83% |
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/USDT - 15 min.