CONFLUX - CFX/USDT - 15 min. - Technical analysis published on 03/17/2023 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 0.291333 USDT
My targets
0.313100 USDT (+0.38%)
0.333700 USDT (+6.99%)
My analysis
CONFLUX NETWORK - CFX/USDT is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.291333 USDT. The next resistance located at 0.313100 USDT is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.333700 USDT. After this resistance, buyers could then target 0.359000 USDT. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
9.1
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Additional analysis
Quotes
The CONFLUX NETWORK - CFX/USDT rating is 0.311900 USDT. The price registered an increase of +6.63% on the session with the lowest point at 0.282800 USDT and the highest point at 0.324300 USDT. The deviation from the price is +10.29% for the low point and -3.82% for the high point.0.282800
0.324300
0.311900
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CONFLUX NETWORK - CFX/USDT:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 15 min. chart of CONFLUX NETWORK - CFX/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 scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 15 minutes
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.219600 | 0.247400 | 0.308400 | 0.311900 | 0.329100 | 0.365700 |
| Change (%) | -29.59% | -20.68% | -1.12% | - | +5.51% | +17.25% |
| Change | -0.092300 | -0.064500 | -0.003500 | - | +0.017200 | +0.053800 |
| Level | Minor | Major | Intermediate | - | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.221300 | 0.241900 | 0.267200 | 0.287800 | 0.313100 | 0.333700 | 0.359000 |
| Camarilla | 0.279878 | 0.284085 | 0.288293 | 0.292500 | 0.296708 | 0.300915 | 0.305123 |
| Woodie | 0.223650 | 0.243075 | 0.269550 | 0.288975 | 0.315450 | 0.334875 | 0.361350 |
| Fibonacci | 0.241900 | 0.259434 | 0.270266 | 0.287800 | 0.305334 | 0.316166 | 0.333700 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.023133 | 0.077967 | 0.112533 | 0.167367 | 0.201933 | 0.256767 | 0.291333 |
| Camarilla | 0.122515 | 0.130710 | 0.138905 | 0.147100 | 0.155295 | 0.163490 | 0.171685 |
| Woodie | 0.013000 | 0.072900 | 0.102400 | 0.162300 | 0.191800 | 0.251700 | 0.281200 |
| Fibonacci | 0.077967 | 0.112118 | 0.133216 | 0.167367 | 0.201518 | 0.222616 | 0.256767 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.224567 | -0.087953 | 0.092573 | 0.229187 | 0.409713 | 0.546327 | 0.726853 |
| Camarilla | 0.185887 | 0.214958 | 0.244029 | 0.273100 | 0.302171 | 0.331242 | 0.360314 |
| Woodie | -0.202610 | -0.076975 | 0.114530 | 0.240165 | 0.431670 | 0.557305 | 0.748810 |
| Fibonacci | -0.087953 | 0.033194 | 0.108039 | 0.229187 | 0.350334 | 0.425179 | 0.546327 |
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): | 70.82 | |
| MACD (12,26,9): | 0.0047 | |
| Directional Movement: | 26.243357 | |
| AROON (14): | 85.714286 | |
| DEMA (21): | 0.300522 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.286855 | |
| Elder Ray (13): | 0.018835 | |
| Super Trend (3,10): | 0.296653 | |
| Zig ZAG (10): | 0.320400 | |
| VORTEX (21): | 1.2743 | |
| Stochastique (14,3,5): | 90.80 | |
| TEMA (21): | 0.305318 | |
| Williams %R (14): | -7.16 | |
| Chande Momentum Oscillator (20): | 0.033100 | |
| Repulse (5,40,3): | 8.2350 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0713 | |
| Courbe Coppock: | 10.67 |
| MA7: | 0.252171 | |
| MA20: | 0.233585 | |
| MA50: | 0.136237 | |
| MA100: | 0.080584 | |
| MAexp7: | 0.309263 | |
| MAexp20: | 0.295164 | |
| MAexp50: | 0.291318 | |
| MAexp100: | 0.290511 | |
| Price / MA7: | +23.69% | |
| Price / MA20: | +33.53% | |
| Price / MA50: | +128.94% | |
| Price / MA100: | +287.05% | |
| Price / MAexp7: | +0.85% | |
| Price / MAexp20: | +5.67% | |
| Price / MAexp50: | +7.07% | |
| Price / MAexp100: | +7.36% |
Quotes :
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Real time data
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