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Crypto · indicator signal

OBV bearish divergence on Optimism

On Optimism the obv bearish divergence showed up 211 times. The target came first 41% of the time, the stop 51%, and 8% went nowhere within 12 candles.

Counted on Optimism (OP/USDT): daily candles from June 2022, 4-hour candles from June 2022 and hourly candles from June 2022.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily650%50%0%
4-hour3438%56%6%
Hourly17142%50%8%

Optimism against the rest

ChartsFoundTarget firstStop firstWent nowhere
Optimism21141%51%8%
All Crypto charts6,88637%54%9%
Every market8,77437%55%8%

Year by year

YearFoundTarget firstStop first
20222055%40%
20234937%61%
20244127%63%
20256352%40%
20263837%50%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the obv bearish divergence is

Price made a higher high, but volume flow made a lower high. Buyers were running out of force.

Imagine climbing higher up a hill while fewer and fewer friends keep climbing with you. You are higher, but with less support behind you. An OBV bearish divergence is when price makes a higher high, but OBV, the running total of volume flow, does not follow it up.

The full obv bearish divergence lesson, video and quiz ›

Other patterns on Optimism

Inside bar · Stochastic bullish cross · Stochastic bearish cross · Spinning top · Volume profile bounce · Volume profile rejection · Doji · MACD bullish cross · MACD bearish cross · EMA 9/21 bearish cross · all of them

The obv bearish divergence elsewhere

Ethereum · Bitcoin · Solana · Litecoin · NEAR Protocol · Chainlink · Uniswap · BNB · Cardano · Polkadot · S&P 500

Questions

How often does the obv bearish divergence work on Optimism?

In 211 cases on Optimism, the target (1.5 × ATR) came before the stop (1 × ATR) 41% of the time and the stop came first 51%; 8% went nowhere within 12 candles.

What is the obv bearish divergence?

Price made a higher high, but volume flow made a lower high. Buyers were running out of force.