Optimism (OP USDT) The weekly charts show bullish bias. Daily view provides buying opportunities. Range-bound moves likely on smaller timeframes amid support and zones. Position traders can look at entries on dips toward demand levels.
Weekly Timeframe
- Price is trading above strong support zones between 1.2-3.2.
- 0.382, 0.50, 0.618 Fibonacci retracement levels provide guidance.
- Demand zone 1 between 1.63-1.81 shows potential buying opportunity.
- Bullish fair value gap between 1.81-1.91 needs to be filled.
Support and Resistance Levels
Support Zone #1 | 3.229 |
Support Zone #2 | 2.200 |
Support Zone #3 | 1.201 |
Fibonacci Retracement Levels
0.382 | 3.019 |
0.50 | 2.668 |
0.618 | 2.301 |
0.786 | 1.798 |
0.882 | 1.510 |
Demand Zone
Zone Number | High | Low |
Demand Zone #1 | 1.816 | 1.630 |
Fair Value Gaps / Imbalances
Gap Number | High | Low |
Bullish FVG #1 | 1.816 | 1.910 |
Daily Timeframe
- Uptrend intact as price holds above daily supports between 1.81-2.83.
- Two demand zones between 2.08-2.55 and 2.49-2.89 for potential longs.
- Bullish fair value gaps between 2.28-2.49 and 2.56-3 need to be filled.
Support and Resistance Levels
Support Zone #1 | 2.833 |
Support Zone #2 | 1.809 |
Fibonacci Retracement Levels
0.382 | 3.315 |
0.50 | 3.046 |
0.618 | 2.777 |
0.786 | 2.395 |
0.882 | 2.176 |
Demand Zone
Zone Number | High | Low |
Demand Zone #1 | 2.555 | 2.489 |
Demand Zone #2 | 2.275 | 2.081 |
Fair Value Gaps / Imbalances
Gap Number | High | Low |
Bullish FVG #1 | 2.555 | 3.010 |
Bullish FVG #2 | 2.278 | 2.491 |
4 Hour Timeframe
- Choppy moves between support at 3.418 and resistance at 3.911 expected.
Support and Resistance Levels
Resistance Zone #1 | 3.911 |
Support Zone #1 | 3.418 |
1 Hour Timeframe
- Price action amid support/resistance at 3.418-3.911 and supply zones 3.53-3.77.
- 0.382, 0.50, 0.618 Fibonacci levels provide guidance for possible pullbacks.
Fibonacci Retracement Levels
0.382 | 3.426 |
0.50 | 3.521 |
0.618 | 3.616 |
0.786 | 3.750 |
0.882 | 3.828 |
Supply Zone
Zone Number | High | Low |
Supply Zone #1 | 3.530 | 3.585 |
Supply Zone #2 | 3.670 | 3.766 |