CONFLUX NETWORK - CFX/USDT - 1H - Technical analysis published on 03/20/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
17%
72%
11%
My opinion
Bearish under 0.409713 USDT
My targets
0.365700 USDT (-7.70%)
0.329100 USDT (-16.94%)
My analysis
The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for CONFLUX NETWORK - CFX/USDT as long as the price remains well below 0.409713 USDT. The next bearish objective for sellers is set at 0.365700 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.329100 USDT. In case of crossing, the next objective would be the support located at 0.276238 USDT. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 0.365700 USDT. With this support, against the trend traders who want to buy CONFLUX NETWORK - CFX/USDT on a buy signal from their trading strategy should not hesitate to act.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
2.1
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This analysis was given by Consciousconnection. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CONFLUX NETWORK - CFX/USDT rating 0.396200 USDT. The price is lower by -12.92% since the last closing with the lowest point at 0.391600 USDT and the highest point at 0.462700 USDT. The deviation from the price is +1.17% for the low point and -14.37% for the high point.0.391600
0.462700
0.396200
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on CONFLUX NETWORK - CFX/USDT were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of CONFLUX NETWORK - CFX/USDT indicates that the overall trend is slightly bullish. 57.14% of the signals given by moving averages are bullish. Caution: a reversal of the trend could be possible given the strong bearish signals of short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 13 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 0.276238 | 0.329100 | 0.365700 | 0.396200 |
| Change (%) | -30.28% | -16.94% | -7.70% | - |
| Change | -0.119962 | -0.067100 | -0.030500 | - |
| Level | Major | 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 | 0.277867 | 0.325533 | 0.390267 | 0.437933 | 0.502667 | 0.550333 | 0.615067 |
| Camarilla | 0.424090 | 0.434393 | 0.444697 | 0.455000 | 0.465303 | 0.475607 | 0.485910 |
| Woodie | 0.286400 | 0.329800 | 0.398800 | 0.442200 | 0.511200 | 0.554600 | 0.623600 |
| Fibonacci | 0.325533 | 0.368470 | 0.394997 | 0.437933 | 0.480870 | 0.507397 | 0.550333 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.093300 | 0.023800 | 0.200100 | 0.317200 | 0.493500 | 0.610600 | 0.786900 |
| Camarilla | 0.295715 | 0.322610 | 0.349505 | 0.376400 | 0.403295 | 0.430190 | 0.457085 |
| Woodie | -0.063700 | 0.038600 | 0.229700 | 0.332000 | 0.523100 | 0.625400 | 0.816500 |
| Fibonacci | 0.023800 | 0.135879 | 0.205121 | 0.317200 | 0.429279 | 0.498521 | 0.610600 |
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): | 38.90 | |
| MACD (12,26,9): | -0.0027 | |
| Directional Movement: | -11.628107 | |
| AROON (14): | -57.142857 | |
| DEMA (21): | 0.430578 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.450988 | |
| Elder Ray (13): | -0.022311 | |
| Super Trend (3,10): | 0.453599 | |
| Zig ZAG (10): | 0.407600 | |
| VORTEX (21): | 0.8484 | |
| Stochastique (14,3,5): | 6.77 | |
| TEMA (21): | 0.418505 | |
| Williams %R (14): | -96.17 | |
| Chande Momentum Oscillator (20): | -0.040800 | |
| Repulse (5,40,3): | -8.8010 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.1502 | |
| Courbe Coppock: | 9.40 |
| MA7: | 0.355457 | |
| MA20: | 0.253300 | |
| MA50: | 0.161023 | |
| MA100: | 0.092950 | |
| MAexp7: | 0.417092 | |
| MAexp20: | 0.430227 | |
| MAexp50: | 0.418236 | |
| MAexp100: | 0.385316 | |
| Price / MA7: | +11.46% | |
| Price / MA20: | +56.42% | |
| Price / MA50: | +146.05% | |
| Price / MA100: | +326.25% | |
| Price / MAexp7: | -5.01% | |
| Price / MAexp20: | -7.91% | |
| Price / MAexp50: | -5.27% | |
| Price / MAexp100: | +2.82% |
Quotes :
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Real time data
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Cryptocompare
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