CONFLUX - CFX/USDT - 1H - Technical analysis published on 03/21/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 0.365167 USDT
My targets
0.418392 USDT (+2.87%)
0.485600 USDT (+19.40%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 0.365167 USDT remains possible. It is advisable to trade CONFLUX NETWORK - CFX/USDT with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 0.365167 USDT. The next bullish objective for buyers is set at 0.418392 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.485600 USDT. PS: if there is a bearish break in the support located at 0.365167 USDT we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
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
3.9
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Additional analysis
Quotes
The CONFLUX NETWORK - CFX/USDT rating is 0.406700 USDT. On the day, this instrument gained +2.01% and was between 0.382600 USDT and 0.414100 USDT. This implies that the price is at +6.30% from its lowest and at -1.79% from its highest.0.382600
0.414100
0.406700
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 notes the presence of abnormal volumes:
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 bullish trend. 64.29% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.276640 | 0.329100 | 0.365167 | 0.406700 | 0.418392 | 0.485600 |
| Change (%) | -31.98% | -19.08% | -10.21% | - | +2.87% | +19.40% |
| Change | -0.130060 | -0.077600 | -0.041533 | - | +0.011692 | +0.078900 |
| Level | Intermediate | Major | Major | - | Intermediate | Minor |
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 | 0.301533 | 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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 49.96 | |
| MACD (12,26,9): | -0.0059 | |
| Directional Movement: | -3.911651 | |
| AROON (14): | -71.428571 | |
| DEMA (21): | 0.397232 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.384346 | |
| Elder Ray (13): | 0.002955 | |
| Super Trend (3,10): | 0.426808 | |
| Zig ZAG (10): | 0.406400 | |
| VORTEX (21): | 0.8934 | |
| Stochastique (14,3,5): | 66.41 | |
| TEMA (21): | 0.393766 | |
| Williams %R (14): | -23.05 | |
| Chande Momentum Oscillator (20): | 0.008800 | |
| Repulse (5,40,3): | 1.3711 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2828 | |
| Courbe Coppock: | 3.62 |
| MA7: | 0.371314 | |
| MA20: | 0.261355 | |
| MA50: | 0.168443 | |
| MA100: | 0.096678 | |
| MAexp7: | 0.401469 | |
| MAexp20: | 0.405718 | |
| MAexp50: | 0.409502 | |
| MAexp100: | 0.389624 | |
| Price / MA7: | +9.53% | |
| Price / MA20: | +55.61% | |
| Price / MA50: | +141.45% | |
| Price / MA100: | +320.67% | |
| Price / MAexp7: | +1.30% | |
| Price / MAexp20: | +0.24% | |
| Price / MAexp50: | -0.68% | |
| Price / MAexp100: | +4.38% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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