CONFLUX - CFX/USDT - 15 min. - Technical analysis published on 03/21/2023 (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:
Slightly bearish
Technical indicators
78%
6%
17%
My opinion
Bullish above 0.372633 USDT
My targets
0.417667 USDT (+2.77%)
0.443733 USDT (+9.19%)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for CONFLUX NETWORK - CFX/USDT as long as the price remains well above 0.372633 USDT. The buyers' bullish objective is set at 0.417667 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.443733 USDT. If there is any crossing, the next objective would be the resistance located at 0.488767 USDT. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 0.417667 USDT. On this resistance, against the trend traders who would like to go short on CONFLUX NETWORK - CFX/USDT with a bearish signal from their trading strategy, should not hesitate to act.
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
2.7
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Additional analysis
Quotes
The CONFLUX NETWORK - CFX/USDT rating is 0.406400 USDT. The price has increased by +1.93% since the last closing and was traded between 0.382600 USDT and 0.414100 USDT over the period. The price is currently at +6.22% from its lowest and -1.86% from its highest.0.382600
0.414100
0.406400
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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
Technical analysis of CONFLUX NETWORK - CFX/USDT in 15 min. shows an overall slightly bearish trend. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this slightly bearish trend could quickly be reversed. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 15 minutes
The probability of a further increase is high given the direction of the technical indicators.
The Central Indicators scanner found no further results concerning independent technical indicators.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.276640 | 0.329100 | 0.365167 | 0.406400 | 0.418392 | 0.485600 |
| Change (%) | -31.93% | -19.02% | -10.15% | - | +2.95% | +19.49% |
| Change | -0.129760 | -0.077300 | -0.041233 | - | +0.011992 | +0.079200 |
| Level | Intermediate | Major | Major | - | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.301533 | 0.346567 | 0.372633 | 0.417667 | 0.443733 | 0.488767 | 0.514833 |
| Camarilla | 0.379148 | 0.385665 | 0.392183 | 0.398700 | 0.405218 | 0.411735 | 0.418253 |
| Woodie | 0.292050 | 0.341825 | 0.363150 | 0.412925 | 0.434250 | 0.484025 | 0.505350 |
| Fibonacci | 0.346567 | 0.373727 | 0.390507 | 0.417667 | 0.444827 | 0.461607 | 0.488767 |
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): | 57.72 | |
| MACD (12,26,9): | 0.0020 | |
| Directional Movement: | 13.039692 | |
| AROON (14): | 78.571429 | |
| DEMA (21): | 0.402283 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.393023 | |
| Elder Ray (13): | 0.003388 | |
| Super Trend (3,10): | 0.388952 | |
| Zig ZAG (10): | 0.403600 | |
| VORTEX (21): | 1.0611 | |
| Stochastique (14,3,5): | 67.57 | |
| TEMA (21): | 0.404843 | |
| Williams %R (14): | -41.54 | |
| Chande Momentum Oscillator (20): | 0.008800 | |
| Repulse (5,40,3): | -0.9622 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0123 | |
| Courbe Coppock: | 6.38 |
| MA7: | 0.371314 | |
| MA20: | 0.261355 | |
| MA50: | 0.168443 | |
| MA100: | 0.096678 | |
| MAexp7: | 0.403439 | |
| MAexp20: | 0.400747 | |
| MAexp50: | 0.402085 | |
| MAexp100: | 0.408061 | |
| Price / MA7: | +9.45% | |
| Price / MA20: | +55.50% | |
| Price / MA50: | +141.27% | |
| Price / MA100: | +320.36% | |
| Price / MAexp7: | +0.73% | |
| Price / MAexp20: | +1.41% | |
| Price / MAexp50: | +1.07% | |
| Price / MAexp100: | -0.41% |
Quotes :
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Real time data
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