CONFLUX - CFX/USDT - 1H - Technical analysis published on 03/20/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
17%
50%
33%
My opinion
Bullish above 0.409713 USDT
My targets
0.493500 USDT (+13.71%)
0.546327 USDT (+25.88%)
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 0.409713 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 0.409713 USDT. The next bullish objective for buyers is set at 0.493500 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.546327 USDT. If there is any crossing, the next objective would be the resistance located at 0.610600 USDT. PS: if there is a bearish break in the support located at 0.409713 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.
Technical indicators are opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
1.4
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Additional analysis
Quotes
CONFLUX NETWORK - CFX/USDT rating 0.434000 USDT. On the day, this instrument lost -4.62% and was between 0.418500 USDT and 0.462700 USDT. This implies that the price is at +3.70% from its lowest and at -6.20% from its highest.0.418500
0.462700
0.434000
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:
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 detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of CONFLUX NETWORK - CFX/USDT in 1H shows an overall bullish trend. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
The analysis of the price chart with Central Patterns scanners does not return any result.
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
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 0.276238 | 0.329100 | 0.365700 | 0.434000 |
| Change (%) | -36.35% | -24.17% | -15.74% | - |
| Change | -0.157762 | -0.104900 | -0.068300 | - |
| Level | Major | Intermediate | Intermediate | - |
Attention could also be paid to pivot points to set price objectives:
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 48.17 | |
| MACD (12,26,9): | 0.0056 | |
| Directional Movement: | -1.224726 | |
| AROON (14): | 35.714285 | |
| DEMA (21): | 0.448110 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.462259 | |
| Elder Ray (13): | -0.006896 | |
| Super Trend (3,10): | 0.412359 | |
| Zig ZAG (10): | 0.431400 | |
| VORTEX (21): | 1.0258 | |
| Stochastique (14,3,5): | 35.37 | |
| TEMA (21): | 0.443354 | |
| Williams %R (14): | -69.91 | |
| Chande Momentum Oscillator (20): | -0.006700 | |
| Repulse (5,40,3): | -3.3556 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.3266 | |
| Courbe Coppock: | 3.34 |
| MA7: | 0.361057 | |
| MA20: | 0.254535 | |
| MA50: | 0.161507 | |
| MA100: | 0.093195 | |
| MAexp7: | 0.440038 | |
| MAexp20: | 0.438442 | |
| MAexp50: | 0.418935 | |
| MAexp100: | 0.383107 | |
| Price / MA7: | +20.20% | |
| Price / MA20: | +70.51% | |
| Price / MA50: | +168.72% | |
| Price / MA100: | +365.69% | |
| Price / MAexp7: | -1.37% | |
| Price / MAexp20: | -1.01% | |
| Price / MAexp50: | +3.60% | |
| Price / MAexp100: | +13.28% |
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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