CONFLUX - CFX/USDT - 1H - Technical analysis published on 03/17/2023 (GMT)
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- Timeframe : 1H
- - 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
89%
0%
11%
My opinion
Bullish above 0.329100 USDT
My targets
0.365700 USDT (+9.07%)
My analysis
The bullish trend is currently very strong on CONFLUX NETWORK - CFX/USDT. As long as the price remains above the support at 0.329100 USDT, you could try to benefit from the boom. The first bullish objective is located at 0.365700 USDT. The bullish momentum would be boosted by a break in this resistance. 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.
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
8.9
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Additional analysis
Quotes
The CONFLUX NETWORK - CFX/USDT rating is 0.335300 USDT. The price registered an increase of +14.63% on the session and was between 0.282800 USDT and 0.342900 USDT. This implies that the price is at +18.56% from its lowest and at -2.22% from its highest.0.282800
0.342900
0.335300
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
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this CONFLUX NETWORK - CFX/USDT chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.247400 | 0.308400 | 0.329100 | 0.335300 | 0.365700 |
| Change (%) | -26.22% | -8.02% | -1.85% | - | +9.07% |
| Change | -0.087900 | -0.026900 | -0.006200 | - | +0.030400 |
| Level | Major | Intermediate | Major | - | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 64.90 | |
| MACD (12,26,9): | 0.0108 | |
| Directional Movement: | 19.030078 | |
| AROON (14): | 78.571429 | |
| DEMA (21): | 0.325003 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.296358 | |
| Elder Ray (13): | 0.013335 | |
| Super Trend (3,10): | 0.297611 | |
| Zig ZAG (10): | 0.335300 | |
| VORTEX (21): | 1.1441 | |
| Stochastique (14,3,5): | 90.62 | |
| TEMA (21): | 0.332844 | |
| Williams %R (14): | -12.62 | |
| Chande Momentum Oscillator (20): | 0.050300 | |
| Repulse (5,40,3): | 6.3011 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3664 | |
| Courbe Coppock: | 24.41 |
| MA7: | 0.255957 | |
| MA20: | 0.234795 | |
| MA50: | 0.136727 | |
| MA100: | 0.080831 | |
| MAexp7: | 0.326401 | |
| MAexp20: | 0.312549 | |
| MAexp50: | 0.299485 | |
| MAexp100: | 0.278739 | |
| Price / MA7: | +31.00% | |
| Price / MA20: | +42.81% | |
| Price / MA50: | +145.23% | |
| Price / MA100: | +314.82% | |
| Price / MAexp7: | +2.73% | |
| Price / MAexp20: | +7.28% | |
| Price / MAexp50: | +11.96% | |
| Price / MAexp100: | +20.29% |
Quotes :
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Real time data
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