CONFLUX NETWORK - CFX/USDT - 15 min. - Technical analysis published on 03/20/2023 (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
78%
6%
17%
My opinion
Bullish above 0.437933 USDT
My targets
0.493500 USDT (+9.50%)
0.502667 USDT (+11.53%)
My analysis
The bullish trend is currently very strong on CONFLUX NETWORK - CFX/USDT. As long as the price remains above the support at 0.437933 USDT, you could try to benefit from the boom. The first bullish objective is located at 0.493500 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.502667 USDT as an objective. Crossing it would then enable buyers to target 0.550333 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
8
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Additional analysis
Quotes
The CONFLUX NETWORK - CFX/USDT rating is 0.450700 USDT. On the day, this instrument lost -0.95% and was traded between 0.418500 USDT and 0.462700 USDT over the period. The price is currently at +7.69% from its lowest and -2.59% from its highest.0.418500
0.462700
0.450700
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
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
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
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 15 min. of this CONFLUX NETWORK - CFX/USDT chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 15 minutes
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 0.276238 | 0.329100 | 0.365700 | 0.450700 |
| Change (%) | -38.71% | -26.98% | -18.86% | - |
| Change | -0.174462 | -0.121600 | -0.085000 | - |
| Level | Major | Intermediate | 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 | 0.277867 | 0.325533 | 0.390267 | 0.437933 | 0.502667 | 0.550333 | 0.615067 |
| Camarilla | 0.424090 | 0.434393 | 0.444697 | 0.455000 | 0.465303 | 0.475607 | 0.485910 |
| Woodie | 0.286400 | 0.329800 | 0.398800 | 0.442200 | 0.511200 | 0.554600 | 0.623600 |
| Fibonacci | 0.325533 | 0.368470 | 0.394997 | 0.437933 | 0.480870 | 0.507397 | 0.550333 |
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): | 63.68 | |
| MACD (12,26,9): | 0.0044 | |
| Directional Movement: | 14.896958 | |
| AROON (14): | 100.000000 | |
| DEMA (21): | 0.450614 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.445071 | |
| Elder Ray (13): | 0.008150 | |
| Super Trend (3,10): | 0.430433 | |
| Zig ZAG (10): | 0.450800 | |
| VORTEX (21): | 1.1641 | |
| Stochastique (14,3,5): | 82.15 | |
| TEMA (21): | 0.454324 | |
| Williams %R (14): | -27.06 | |
| Chande Momentum Oscillator (20): | 0.012600 | |
| Repulse (5,40,3): | -0.3891 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0551 | |
| Courbe Coppock: | 8.66 |
| MA7: | 0.362800 | |
| MA20: | 0.255345 | |
| MA50: | 0.161847 | |
| MA100: | 0.093360 | |
| MAexp7: | 0.452426 | |
| MAexp20: | 0.446823 | |
| MAexp50: | 0.442153 | |
| MAexp100: | 0.432049 | |
| Price / MA7: | +24.23% | |
| Price / MA20: | +76.51% | |
| Price / MA50: | +178.47% | |
| Price / MA100: | +382.75% | |
| Price / MAexp7: | -0.38% | |
| Price / MAexp20: | +0.87% | |
| Price / MAexp50: | +1.93% | |
| Price / MAexp100: | +4.32% |
Quotes :
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Real time data
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Cryptocompare
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