CONVEX FINANCE - CVX/USDT - 15 min. - Technical analysis published on 04/04/2023 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 5.16 USDT
My targets
5.40 USDT (+1.12%)
5.41 USDT (+1.31%)
My analysis
The bullish trend is currently very strong on CONVEX FINANCE - CVX/USDT. As long as the price remains above the support at 5.16 USDT, you could try to benefit from the boom. The first bullish objective is located at 5.40 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 5.41 USDT as an objective. Crossing it would then enable buyers to target 5.50 USDT. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.4
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This analysis was given by Henry07. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CONVEX FINANCE - CVX/USDT rating 5.34 USDT. On the day, this instrument gained +5.95% and was traded between 5.01 USDT and 5.38 USDT over the period. The price is currently at +6.59% from its lowest and -0.74% from its highest.5.01
5.38
5.34
Here is a more detailed summary of the historical variations registered by CONVEX FINANCE - CVX/USDT:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of CONVEX FINANCE - CVX/USDT indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 15 minutes
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 15 minutes
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bearish signals that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : 15 minutes
Bearish harami cross
Type : Bearish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.00 | 5.16 | 5.26 | 5.34 | 5.41 | 5.50 | 5.91 |
| Change (%) | -6.37% | -3.37% | -1.50% | - | +1.31% | +3.00% | +10.67% |
| Change | -0.34 | -0.18 | -0.08 | - | +0.07 | +0.16 | +0.57 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.68 | 4.80 | 4.92 | 5.04 | 5.16 | 5.28 | 5.40 |
| Camarilla | 4.97 | 5.00 | 5.02 | 5.04 | 5.06 | 5.08 | 5.11 |
| Woodie | 4.68 | 4.80 | 4.92 | 5.04 | 5.16 | 5.28 | 5.40 |
| Fibonacci | 4.80 | 4.89 | 4.95 | 5.04 | 5.13 | 5.19 | 5.28 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.19 | 4.51 | 4.85 | 5.17 | 5.51 | 5.83 | 6.17 |
| Camarilla | 5.00 | 5.06 | 5.12 | 5.18 | 5.24 | 5.30 | 5.36 |
| Woodie | 4.19 | 4.52 | 4.85 | 5.18 | 5.51 | 5.84 | 6.17 |
| Fibonacci | 4.51 | 4.77 | 4.92 | 5.17 | 5.43 | 5.58 | 5.83 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.80 | 3.80 | 4.57 | 5.57 | 6.34 | 7.34 | 8.11 |
| Camarilla | 4.86 | 5.03 | 5.19 | 5.35 | 5.51 | 5.68 | 5.84 |
| Woodie | 2.70 | 3.74 | 4.47 | 5.51 | 6.24 | 7.28 | 8.01 |
| Fibonacci | 3.80 | 4.47 | 4.89 | 5.57 | 6.24 | 6.66 | 7.34 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 76.52 | |
| MACD (12,26,9): | 0.0500 | |
| Directional Movement: | 28.83 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 5.33 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.25 | |
| Elder Ray (13): | 0.04 | |
| Super Trend (3,10): | 5.25 | |
| Zig ZAG (10): | 5.33 | |
| VORTEX (21): | 1.2200 | |
| Stochastique (14,3,5): | 93.20 | |
| TEMA (21): | 5.34 | |
| Williams %R (14): | -5.83 | |
| Chande Momentum Oscillator (20): | 0.05 | |
| Repulse (5,40,3): | 0.5000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1400 | |
| Courbe Coppock: | 2.44 |
| MA7: | 5.25 | |
| MA20: | 5.28 | |
| MA50: | 5.68 | |
| MA100: | 5.07 | |
| MAexp7: | 5.33 | |
| MAexp20: | 5.26 | |
| MAexp50: | 5.18 | |
| MAexp100: | 5.13 | |
| Price / MA7: | +1.71% | |
| Price / MA20: | +1.14% | |
| Price / MA50: | -5.99% | |
| Price / MA100: | +5.33% | |
| Price / MAexp7: | +0.19% | |
| Price / MAexp20: | +1.52% | |
| Price / MAexp50: | +3.09% | |
| Price / MAexp100: | +4.09% |
Quotes :
-
Real time data
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Cryptocompare
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