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 bearish
Underlying:
Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 0.409713 USDT
My targets
0.390267 USDT (-1.57%)
0.325533 USDT (-17.90%)
My analysis
CONFLUX NETWORK - CFX/USDT is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.409713 USDT. The next support located at 0.390267 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.325533 USDT. Below this support, sellers could then target 0.277867 USDT. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.7
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Additional analysis
Quotes
The CONFLUX NETWORK - CFX/USDT rating is 0.396500 USDT. On the day, this instrument lost -12.86% and was traded between 0.391600 USDT and 0.462700 USDT over the period. The price is currently at +1.25% from its lowest and -14.31% from its highest.0.391600
0.462700
0.396500
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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 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 this 15 min. chart of CONFLUX NETWORK - CFX/USDT indicates that the overall trend is strongly bearish. 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 scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 15 minutes
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 15 minutes
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 0.396500 |
| Change (%) | -30.33% | -17.00% | -7.77% | - |
| Change | -0.120262 | -0.067400 | -0.030800 | - |
| 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): | 30.43 | |
| MACD (12,26,9): | -0.0095 | |
| Directional Movement: | -27.609741 | |
| AROON (14): | -57.142857 | |
| DEMA (21): | 0.410316 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.429866 | |
| Elder Ray (13): | -0.011137 | |
| Super Trend (3,10): | 0.430374 | |
| Zig ZAG (10): | 0.407800 | |
| VORTEX (21): | 0.7936 | |
| Stochastique (14,3,5): | 15.40 | |
| TEMA (21): | 0.404026 | |
| Williams %R (14): | -94.46 | |
| Chande Momentum Oscillator (20): | -0.036900 | |
| Repulse (5,40,3): | -5.5038 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2514 | |
| Courbe Coppock: | 12.30 |
| MA7: | 0.355457 | |
| MA20: | 0.253300 | |
| MA50: | 0.161023 | |
| MA100: | 0.092950 | |
| MAexp7: | 0.408050 | |
| MAexp20: | 0.421726 | |
| MAexp50: | 0.431646 | |
| MAexp100: | 0.432113 | |
| Price / MA7: | +11.55% | |
| Price / MA20: | +56.53% | |
| Price / MA50: | +146.24% | |
| Price / MA100: | +326.57% | |
| Price / MAexp7: | -2.83% | |
| Price / MAexp20: | -5.98% | |
| Price / MAexp50: | -8.14% | |
| Price / MAexp100: | -8.24% |
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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