CONFLUX - CFX/USDT - 15 min. - Technical analysis published on 03/20/2023 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 0.409713 USDT
My targets
0.390267 USDT (-3.69%)
0.325533 USDT (-19.66%)
My analysis
The bearish basic trend is very strong on CONFLUX NETWORK - CFX/USDT but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 0.409713 USDT. Crossing the first support at 0.390267 USDT would be a sign of a further potential price plummet. Sellers would then use the next support located at 0.325533 USDT as an objective. Crossing it would then enable sellers to target 0.277867 USDT. Caution, a return to above the resistance located at 0.409713 USDT would be a sign of a possible consolidation phase of the short-term basic trend. 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 opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
3.6
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Additional analysis
Quotes
The CONFLUX NETWORK - CFX/USDT rating is 0.405200 USDT. The price registered a decrease of -10.95% on the session with the lowest point at 0.391600 USDT and the highest point at 0.462700 USDT. The deviation from the price is +3.47% for the low point and -12.43% for the high point.0.391600
0.462700
0.405200
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
A study of price movements over other periods shows the following variations:
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
Abnormal volumes on CONFLUX NETWORK - CFX/USDT were detected by the Central Volumes scanner:
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. The signals given by moving averages are 89.29% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 11 technical indicators on 18 studied are currently positioned bullish. The Central Indicators scanner found this result concerning these indicators:
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 15 minutes
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
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 0.276238 | 0.329100 | 0.365700 | 0.405200 |
| Change (%) | -31.83% | -18.78% | -9.75% | - |
| Change | -0.128962 | -0.076100 | -0.039500 | - |
| Level | Major | Intermediate | Intermediate | - |
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 | 0.277867 | 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): | 48.19 | |
| MACD (12,26,9): | -0.0058 | |
| Directional Movement: | -11.746455 | |
| AROON (14): | -14.285714 | |
| DEMA (21): | 0.402250 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.393491 | |
| Elder Ray (13): | 0.003018 | |
| Super Trend (3,10): | 0.424486 | |
| Zig ZAG (10): | 0.411200 | |
| VORTEX (21): | 0.8707 | |
| Stochastique (14,3,5): | 69.02 | |
| TEMA (21): | 0.402124 | |
| Williams %R (14): | -21.30 | |
| Chande Momentum Oscillator (20): | 0.013000 | |
| Repulse (5,40,3): | 0.1143 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2722 | |
| Courbe Coppock: | 2.26 |
| MA7: | 0.357100 | |
| MA20: | 0.253355 | |
| MA50: | 0.161031 | |
| MA100: | 0.092957 | |
| MAexp7: | 0.406793 | |
| MAexp20: | 0.410676 | |
| MAexp50: | 0.421736 | |
| MAexp100: | 0.426471 | |
| Price / MA7: | +13.47% | |
| Price / MA20: | +59.93% | |
| Price / MA50: | +151.63% | |
| Price / MA100: | +335.90% | |
| Price / MAexp7: | -0.39% | |
| Price / MAexp20: | -1.33% | |
| Price / MAexp50: | -3.92% | |
| Price / MAexp100: | -4.99% |
Quotes :
-
Real time data
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