CONFLUX - CFX/USDT - 15 min. - Technical analysis published on 04/03/2023 (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 bearish
Underlying:
Strongly bearish
Technical indicators
28%
39%
33%
My opinion
Bearish under 0.377533 USDT
My targets
0.340233 USDT (-3.37%)
0.318267 USDT (-9.61%)
My analysis
The bearish trend is currently very strong for CONFLUX NETWORK - CFX/USDT. As long as the price remains below the resistance at 0.377533 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.340233 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.318267 USDT as an objective. Crossing it would then enable sellers to target 0.307600 USDT. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.4
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This analysis was given by Henry07. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CONFLUX NETWORK - CFX/USDT rating is 0.352100 USDT. The price is lower by -5.07% since the last closing and was between 0.347200 USDT and 0.370800 USDT. This implies that the price is at +1.41% from its lowest and at -5.04% from its highest.0.347200
0.370800
0.352100
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
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 CONFLUX NETWORK - CFX/USDT in 15 min. shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 15 minutes
Pivot points : price is under support 1
Type : Neutral
Timeframe : 15 minutes
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 15 minutes
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish harami cross
Type : Bullish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.219600 | 0.307600 | 0.329100 | 0.352100 | 0.358478 | 0.401356 | 0.421300 |
| Change (%) | -37.63% | -12.64% | -6.53% | - | +1.81% | +13.99% | +19.65% |
| Change | -0.132500 | -0.044500 | -0.023000 | - | +0.006378 | +0.049256 | +0.069200 |
| Level | Minor | Major | Major | - | Minor | Minor | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.318267 | 0.340233 | 0.355567 | 0.377533 | 0.392867 | 0.414833 | 0.430167 |
| Camarilla | 0.360643 | 0.364062 | 0.367481 | 0.370900 | 0.374319 | 0.377738 | 0.381158 |
| Woodie | 0.314950 | 0.338575 | 0.352250 | 0.375875 | 0.389550 | 0.413175 | 0.426850 |
| Fibonacci | 0.340233 | 0.354482 | 0.363285 | 0.377533 | 0.391782 | 0.400585 | 0.414833 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.185567 | 0.246233 | 0.320967 | 0.381633 | 0.456367 | 0.517033 | 0.591767 |
| Camarilla | 0.358465 | 0.370877 | 0.383288 | 0.395700 | 0.408112 | 0.420523 | 0.432935 |
| Woodie | 0.192600 | 0.249750 | 0.328000 | 0.385150 | 0.463400 | 0.520550 | 0.598800 |
| Fibonacci | 0.246233 | 0.297956 | 0.329911 | 0.381633 | 0.433356 | 0.465311 | 0.517033 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.149267 | -0.008233 | 0.203533 | 0.344567 | 0.556333 | 0.697367 | 0.909133 |
| Camarilla | 0.318280 | 0.350620 | 0.382960 | 0.415300 | 0.447640 | 0.479980 | 0.512320 |
| Woodie | -0.113900 | 0.009450 | 0.238900 | 0.362250 | 0.591700 | 0.715050 | 0.944500 |
| Fibonacci | -0.008233 | 0.126536 | 0.209797 | 0.344567 | 0.479336 | 0.562597 | 0.697367 |
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): | 34.54 | |
| MACD (12,26,9): | -0.0025 | |
| Directional Movement: | -17.243007 | |
| AROON (14): | 28.571428 | |
| DEMA (21): | 0.352289 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.348273 | |
| Elder Ray (13): | -0.001914 | |
| Super Trend (3,10): | 0.359245 | |
| Zig ZAG (10): | 0.352500 | |
| VORTEX (21): | 0.7884 | |
| Stochastique (14,3,5): | 49.29 | |
| TEMA (21): | 0.352809 | |
| Williams %R (14): | -67.80 | |
| Chande Momentum Oscillator (20): | -0.000400 | |
| Repulse (5,40,3): | -0.7944 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1235 | |
| Courbe Coppock: | 0.29 |
| MA7: | 0.388800 | |
| MA20: | 0.369530 | |
| MA50: | 0.248299 | |
| MA100: | 0.141173 | |
| MAexp7: | 0.352956 | |
| MAexp20: | 0.355895 | |
| MAexp50: | 0.361726 | |
| MAexp100: | 0.370349 | |
| Price / MA7: | -9.44% | |
| Price / MA20: | -4.72% | |
| Price / MA50: | +41.80% | |
| Price / MA100: | +149.41% | |
| Price / MAexp7: | -0.24% | |
| Price / MAexp20: | -1.07% | |
| Price / MAexp50: | -2.66% | |
| Price / MAexp100: | -4.93% |
Quotes :
-
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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