Londinia Opportunities Analyses - 05/04/2024 (GMT) OPTIMISM - OP/USDT - 1H
| Type: | Cryptocurrencies |
| Ticker: | OPUSDT |
| ISIN: |
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- Cryptocurrencies
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 2.83 USDT
My targets
2.93 USDT (+2.09%)
2.99 USDT (+4.18%)
My analysis
Has the basic bullish 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 bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 2.83 USDT remains possible. It is advisable to trade OPTIMISM - OP/USDT with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 2.83 USDT. The next bullish objective for buyers is set at 2.93 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.99 USDT. If there is any crossing, the next objective would be the resistance located at 3.17 USDT. PS: if there is a bearish break in the support located at 2.83 USDT we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
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
5.9
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Additional analysis
Quotes
The OPTIMISM - OP/USDT price is 2.87 USDT. The price registered an increase of +0.35% on the session and was traded between 2.83 USDT and 2.94 USDT over the period. The price is currently at +1.41% from its lowest and -2.38% from its highest.2.83
2.94
2.87
Here is a more detailed summary of the historical variations registered by OPTIMISM - OP/USDT:
Technical
Technical analysis of OPTIMISM - OP/USDT in 1H shows an overall bullish trend. The signals given by moving averages are 75.00% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
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 | 2.55 | 2.71 | 2.83 | 2.87 | 2.93 | 2.99 | 3.17 |
| Change (%) | -11.15% | -5.57% | -1.39% | - | +2.09% | +4.18% | +10.45% |
| Change | -0.32 | -0.16 | -0.04 | - | +0.06 | +0.12 | +0.30 |
| Level | Intermediate | Minor | Major | - | Minor | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.60 | 2.71 | 2.78 | 2.89 | 2.96 | 3.07 | 3.14 |
| Camarilla | 2.81 | 2.83 | 2.84 | 2.86 | 2.88 | 2.89 | 2.91 |
| Woodie | 2.59 | 2.70 | 2.77 | 2.88 | 2.95 | 3.06 | 3.13 |
| Fibonacci | 2.71 | 2.78 | 2.82 | 2.89 | 2.96 | 3.00 | 3.07 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.96 | 2.11 | 2.37 | 2.52 | 2.78 | 2.93 | 3.19 |
| Camarilla | 2.52 | 2.56 | 2.59 | 2.63 | 2.67 | 2.71 | 2.74 |
| Woodie | 2.02 | 2.14 | 2.43 | 2.55 | 2.84 | 2.96 | 3.25 |
| Fibonacci | 2.11 | 2.27 | 2.36 | 2.52 | 2.68 | 2.77 | 2.93 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.13 | 0.87 | 1.70 | 2.70 | 3.53 | 4.53 | 5.36 |
| Camarilla | 2.04 | 2.21 | 2.37 | 2.54 | 2.71 | 2.88 | 3.04 |
| Woodie | -0.21 | 0.83 | 1.63 | 2.66 | 3.46 | 4.49 | 5.29 |
| Fibonacci | 0.87 | 1.57 | 2.00 | 2.70 | 3.40 | 3.83 | 4.53 |
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): | 56.63 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 7.89 | |
| AROON (14): | 64.28 | |
| DEMA (21): | 2.89 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.82 | |
| Elder Ray (13): | 0.01 | |
| Super Trend (3,10): | 2.78 | |
| Zig ZAG (10): | 2.88 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 57.78 | |
| TEMA (21): | 2.87 | |
| Williams %R (14): | -39.61 | |
| Chande Momentum Oscillator (20): | 0.05 | |
| Repulse (5,40,3): | -0.0300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 1.29 |
| MA7: | 2.73 | |
| MA20: | 2.50 | |
| MA50: | 2.97 | |
| MA100: | 3.35 | |
| MAexp7: | 2.88 | |
| MAexp20: | 2.87 | |
| MAexp50: | 2.82 | |
| MAexp100: | 2.73 | |
| Price / MA7: | +5.13% | |
| Price / MA20: | +14.80% | |
| Price / MA50: | -3.37% | |
| Price / MA100: | -14.33% | |
| Price / MAexp7: | -0.35% | |
| Price / MAexp20: | -0% | |
| Price / MAexp50: | +1.77% | |
| Price / MAexp100: | +5.13% |
Quotes :
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Real time data
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