Optimism (OP): technical analysis today
Summary
Optimism trades at 0.1112 USDT, −1.68% in 24 h. The structure on 1M reads down; on 1W, neutral; on 1D and 4H, down; on 1H, neutral. On 1D the nearest support is 0.0938 and the nearest resistance is 0.1234. On 4H the nearest support is 0.0938 and the nearest resistance is 0.1116. The RSI(14) on 1D is 44, in the mid range.
Trend by timeframe
Structure of highs and lows over the last 80 closed candles. It describes the market as it stands.
Support and resistance by timeframe
Zones built from nearby pivots (width ≤ 1 ATR). Touches = pivots inside the zone. When the price is inside a zone, its edges are the support and the resistance.
| Timeframe | Support | Price | Resistance |
|---|---|---|---|
| 1M | 0.09870.0987 · 1 touch | Between support and resistance | 0.16250.1625 · 1 touch |
| 1W | 0.08180.0807 – 0.0818 · 2 touches | Between support and resistance | 0.12350.1235 · 1 touch |
| 1D | 0.09380.0906 – 0.0938 · 3 touches | Between support and resistance | 0.12340.1234 – 0.1259 · 3 touches |
| 4H | 0.09380.0938 · 1 touch | Between support and resistance | 0.11160.1116 – 0.1148 · 9 touches |
| 1H | 0.10910.1091 · 1 touch | Between support and resistance | 0.11160.1116 – 0.1129 · 7 touches |
RSI, volatility and context
Wilder's RSI(14), including the candle in progress. It is a momentum reading, separate from the trend.
Frequently asked questions
What is the support for Optimism today?
On 1D the nearest support zone below is 0.0906 – 0.0938, with 3 touches. On 4H the nearest support zone below is 0.0938, with 1 touch.
What is the resistance for Optimism today?
On 1D the nearest resistance zone above is 0.1234 – 0.1259, with 3 touches. On 4H the nearest resistance zone above is 0.1116 – 0.1148, with 9 touches.
What does the RSI of OP show right now?
The RSI(14) is 44 on 1D and 47 on 4H. All readings sit between 30 and 70.
Is Optimism trending on 4H?
On 4H the structure reads down. On 1M it reads down. On 1W it reads neutral. On 1D it reads down. On 1H it reads neutral.
How often is this page updated?
Every hour, at the close of the 1H candle; the price and the 24 h change come from the spot market. Times are shown in your local time.
How to read this page
Zones
Several nearby pivots form a zone, a band of prices. Price tends to react within the range.
RSI
It measures the strength of recent moves from 0 to 100. Above 70 or below 30 describes an extreme reading of momentum.
Trend
Up: higher highs and higher lows. Down: lower highs and lower lows. A closed candle beyond the last swing high or low (a structure break) also confirms Up or Down. Neutral: the swings point in opposite directions and nothing has broken.