Optimism (OP): Looking For Zone of Weakness
The Optimism coin is looking interesting after forming a nice, sharp trend over a 4-hour timeframe.
We are looking here for a possible rejection to happen from 200EMA, which would result in a break of trend and a downward movement so let's see.
Swallow Team
We are looking here for a possible rejection to happen from 200EMA, which would result in a break of trend and a downward movement so let's see.
Swallow Team
Note
Optimism has reached the upper zone of our zone, where the price seems to be stuck below 200 EMA now.
We are looking here now to see a good rejection, which would start a movement to lower zones!
Note
Optimism did not give us the weakness we were looking for and the price broke fully from 200 EMA.
Now we are looking for the next uppe zones to see any kind of rejection from there. If we see it, we should see a re-test of 200 EMA.
Note
The optimism setup looked nice but we did not see the rejection from 200EMA, which means that we did not get our break of trend as well!
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