CONFLUX - CFX/USDT - 15 min. - Technical analysis published on 03/21/2023 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
33%
39%
28%
My opinion
Bullish above 0.417667 USDT
My targets
0.443733 USDT (+3.68%)
0.488767 USDT (+14.20%)
My analysis
The bullish trend is currently very strong on CONFLUX NETWORK - CFX/USDT. As long as the price remains above the support at 0.417667 USDT, you could try to benefit from the boom. The first bullish objective is located at 0.443733 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.488767 USDT as an objective. Crossing it would then enable buyers to target 0.514833 USDT. 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 are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
4.8
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Additional analysis
Quotes
The CONFLUX NETWORK - CFX/USDT rating is 0.428000 USDT. The price has increased by +7.35% since the last closing and was between 0.382600 USDT and 0.447800 USDT. This implies that the price is at +11.87% from its lowest and at -4.42% from its highest.0.382600
0.447800
0.428000
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
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
A technical analysis in 15 min. of this CONFLUX NETWORK - CFX/USDT chart shows a strongly bullish trend. The signals given by the moving averages are 82.14% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 15 minutes
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Doji
Type : Neutral
Timeframe : 15 minutes
Bearish harami cross
Type : Bearish
Timeframe : 15 minutes
Three white soldiers
Type : Bullish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.329100 | 0.365167 | 0.418392 | 0.428000 | 0.485600 |
| Change (%) | -23.11% | -14.68% | -2.24% | - | +13.46% |
| Change | -0.098900 | -0.062833 | -0.009608 | - | +0.057600 |
| Level | 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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 57.33 | |
| MACD (12,26,9): | 0.0045 | |
| Directional Movement: | 12.721966 | |
| AROON (14): | -64.285715 | |
| DEMA (21): | 0.427757 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.435700 | |
| Elder Ray (13): | 0.001657 | |
| Super Trend (3,10): | 0.414440 | |
| Zig ZAG (10): | 0.423400 | |
| VORTEX (21): | 1.1020 | |
| Stochastique (14,3,5): | 18.79 | |
| TEMA (21): | 0.428213 | |
| Williams %R (14): | -65.86 | |
| Chande Momentum Oscillator (20): | -0.009800 | |
| Repulse (5,40,3): | 2.2442 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2188 | |
| Courbe Coppock: | 1.71 |
| MA7: | 0.374471 | |
| MA20: | 0.262460 | |
| MA50: | 0.168865 | |
| MA100: | 0.096888 | |
| MAexp7: | 0.426608 | |
| MAexp20: | 0.421228 | |
| MAexp50: | 0.414244 | |
| MAexp100: | 0.413038 | |
| Price / MA7: | +14.29% | |
| Price / MA20: | +63.07% | |
| Price / MA50: | +153.46% | |
| Price / MA100: | +341.75% | |
| Price / MAexp7: | +0.33% | |
| Price / MAexp20: | +1.61% | |
| Price / MAexp50: | +3.32% | |
| Price / MAexp100: | +3.62% |
Quotes :
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Real time data
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Cryptocompare
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