CONFLUX - CFX/USDT - 15 min. - Technical analysis published on 03/30/2023 (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
61%
11%
28%
My opinion
Bullish above 0.406967 USDT
My targets
0.429767 USDT (+1.03%)
0.464733 USDT (+9.25%)
My analysis
The bullish trend is currently very strong on CONFLUX NETWORK - CFX/USDT. As long as the price remains above the support at 0.406967 USDT, you could try to benefit from the boom. The first bullish objective is located at 0.429767 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.464733 USDT as an objective. Crossing it would then enable buyers to target 0.500067 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.
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
6.6
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This analysis was given by Henry07. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CONFLUX NETWORK - CFX/USDT rating 0.425400 USDT. The price registered a decrease of -0.93% on the session with the lowest point at 0.410300 USDT and the highest point at 0.442300 USDT. The deviation from the price is +3.68% for the low point and -3.82% for the high point.0.410300
0.442300
0.425400
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CONFLUX NETWORK - CFX/USDT:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 15 min. chart of CONFLUX NETWORK - CFX/USDT indicates that the overall trend is strongly bullish. 82.14% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 15 minutes
The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 15 minutes
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish engulfing lines
Type : Bearish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.358392 | 0.394400 | 0.423500 | 0.425400 | 0.455000 |
| Change (%) | -15.75% | -7.29% | -0.45% | - | +6.96% |
| Change | -0.067008 | -0.031000 | -0.001900 | - | +0.029600 |
| Level | Intermediate | Intermediate | Minor | - | 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 | 0.278533 | 0.313867 | 0.371633 | 0.406967 | 0.464733 | 0.500067 | 0.557833 |
| Camarilla | 0.403798 | 0.412332 | 0.420866 | 0.429400 | 0.437934 | 0.446468 | 0.455003 |
| Woodie | 0.289750 | 0.319475 | 0.382850 | 0.412575 | 0.475950 | 0.505675 | 0.569050 |
| Fibonacci | 0.313867 | 0.349431 | 0.371403 | 0.406967 | 0.442531 | 0.464503 | 0.500067 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.073567 | 0.190533 | 0.251667 | 0.368633 | 0.429767 | 0.546733 | 0.607867 |
| Camarilla | 0.263823 | 0.280148 | 0.296474 | 0.312800 | 0.329126 | 0.345452 | 0.361778 |
| Woodie | 0.045650 | 0.176575 | 0.223750 | 0.354675 | 0.401850 | 0.532775 | 0.579950 |
| Fibonacci | 0.190533 | 0.258568 | 0.300599 | 0.368633 | 0.436668 | 0.478699 | 0.546733 |
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): | 60.05 | |
| MACD (12,26,9): | 0.0016 | |
| Directional Movement: | 14.673201 | |
| AROON (14): | 92.857143 | |
| DEMA (21): | 0.423236 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.416310 | |
| Elder Ray (13): | 0.002735 | |
| Super Trend (3,10): | 0.431395 | |
| Zig ZAG (10): | 0.421200 | |
| VORTEX (21): | 1.0132 | |
| Stochastique (14,3,5): | 79.79 | |
| TEMA (21): | 0.424295 | |
| Williams %R (14): | -44.79 | |
| Chande Momentum Oscillator (20): | 0.000700 | |
| Repulse (5,40,3): | -0.8628 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0067 | |
| Courbe Coppock: | 3.29 |
| MA7: | 0.360014 | |
| MA20: | 0.338295 | |
| MA50: | 0.223287 | |
| MA100: | 0.126996 | |
| MAexp7: | 0.423588 | |
| MAexp20: | 0.422540 | |
| MAexp50: | 0.419992 | |
| MAexp100: | 0.410184 | |
| Price / MA7: | +18.16% | |
| Price / MA20: | +25.75% | |
| Price / MA50: | +90.52% | |
| Price / MA100: | +234.97% | |
| Price / MAexp7: | +0.43% | |
| Price / MAexp20: | +0.68% | |
| Price / MAexp50: | +1.29% | |
| Price / MAexp100: | +3.71% |
Quotes :
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Real time data
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Cryptocompare
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