Will the Downward Trend in Optimism Continue or Reverse? Assessment
- OP appears to be on the verge of breaking out of a significant head and shoulders pattern.
- While OP owners are experiencing profits, 40.17% have already faced losses.
Optimism (19459154) has developed a head and shoulders pattern, indicating potential for further decline. Investors are cautious as the price remains at an important support level.
Will OP maintain its downward trajectory or will it defy expectations and make a comeback?
Is OP heading for a downfall?
The analysis of OP indicates the presence of a distinct head and shoulders pattern, which is typically linked with bearish trend reversals.
The head formed around $4.50 while the left shoulder was created below $2.50.
Source: Ali Charts (19659004)
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