CONFLUX - CFX/USDT

- USDT (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	CFXUSDT
ISIN:

CONFLUX - CFX/USDT - Daily - Technical analysis published on 03/20/2023 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 0.409713 USDT

My targets

0.493500 USDT (+12.03%)

0.546327 USDT (+24.02%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CONFLUX NETWORK - CFX/USDT as long as the price remains well above 0.409713 USDT. The buyers' bullish objective 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 0.726853 USDT. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.4

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Consciousconnection. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The CONFLUX NETWORK - CFX/USDT rating is 0.440500 USDT. On the day, this instrument lost -3.19% and was traded between 0.418500 USDT and 0.462700 USDT over the period. The price is currently at +5.26% from its lowest and -4.80% from its highest.

0.418500

0.462700

0.440500

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:

The Central Records scanner for higher/lower results shows the following items:

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 Daily shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily

RSI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found no further results concerning independent technical indicators.

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	0.180500	0.219600	0.329100	0.440500
Change (%)	-59.02%	-50.15%	-25.29%	-
Change	-0.260000	-0.220900	-0.111400	-
Level	Minor	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 is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	72.55
MACD (12,26,9):	0.0689
Directional Movement:	35.756847
AROON (14):	57.142857
DEMA (21):	0.361497
Parabolic SAR (0,02-0,02-0,2):	0.245221
Elder Ray (13):	0.123697
Super Trend (3,10):	0.249834
Zig ZAG (10):	0.438600
VORTEX (21):	1.1137
Stochastique (14,3,5):	86.28
TEMA (21):	0.395396
Williams %R (14):	-13.24
Chande Momentum Oscillator (20):	0.250000
Repulse (5,40,3):	17.3347
ROCnROLL:	1
TRIX (15,9):	3.9311
Courbe Coppock:	161.81

MA7:	0.361657
MA20:	0.254935
MA50:	0.161667
MA100:	0.093275
MAexp7:	0.368729
MAexp20:	0.279340
MAexp50:	0.191460
MAexp100:	0.131115
Price / MA7:	+21.80%
Price / MA20:	+72.79%
Price / MA50:	+172.47%
Price / MA100:	+372.26%
Price / MAexp7:	+19.46%
Price / MAexp20:	+57.69%
Price / MAexp50:	+130.07%
Price / MAexp100:	+235.96%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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