CONFLUX NETWORK - CFX/USDT - 15 min. - Technical analysis published on 03/21/2023 (GMT)
- 129
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
33%
50%
My opinion
Bearish under 0.417667 USDT
My targets
0.372633 USDT (-6.61%)
0.346567 USDT (-13.14%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CONFLUX NETWORK - CFX/USDT as long as the price remains well below 0.417667 USDT. The sellers' bearish objective is set at 0.372633 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.346567 USDT. In case of crossing, the next objective would be the support located at 0.301533 USDT. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.6
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 price is 0.399000 USDT. The price registered an increase of +0.08% on the session with the lowest point at 0.383300 USDT and the highest point at 0.410600 USDT. The deviation from the price is +4.10% for the low point and -2.83% for the high point.0.383300
0.410600
0.399000
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
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
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 15 min. shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 3 are bullish, 9 are neutral and 6 are bearish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 15 minutes
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near resistance of triangle
Type : Bearish
Timeframe : 15 minutes
Resistance of channel is broken
Type : Bullish
Timeframe : 15 minutes
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish engulfing lines
Type : Bullish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.276640 | 0.329100 | 0.365167 | 0.399000 | 0.418392 | 0.485600 |
| Change (%) | -30.67% | -17.52% | -8.48% | - | +4.86% | +21.70% |
| Change | -0.122360 | -0.069900 | -0.033833 | - | +0.019392 | +0.086600 |
| Level | Intermediate | Major | Major | - | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.301533 | 0.346567 | 0.372633 | 0.417667 | 0.443733 | 0.488767 | 0.514833 |
| Camarilla | 0.379148 | 0.385665 | 0.392183 | 0.398700 | 0.405218 | 0.411735 | 0.418253 |
| Woodie | 0.292050 | 0.341825 | 0.363150 | 0.412925 | 0.434250 | 0.484025 | 0.505350 |
| Fibonacci | 0.346567 | 0.373727 | 0.390507 | 0.417667 | 0.444827 | 0.461607 | 0.488767 |
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): | 46.23 | |
| MACD (12,26,9): | -0.0038 | |
| Directional Movement: | -8.614584 | |
| AROON (14): | -78.571429 | |
| DEMA (21): | 0.396345 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.403343 | |
| Elder Ray (13): | -0.001707 | |
| Super Trend (3,10): | 0.415150 | |
| Zig ZAG (10): | 0.397800 | |
| VORTEX (21): | 0.9238 | |
| Stochastique (14,3,5): | 43.52 | |
| TEMA (21): | 0.396799 | |
| Williams %R (14): | -57.01 | |
| Chande Momentum Oscillator (20): | -0.007600 | |
| Repulse (5,40,3): | -0.1415 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1266 | |
| Courbe Coppock: | 4.26 |
| MA7: | 0.369914 | |
| MA20: | 0.260905 | |
| MA50: | 0.168245 | |
| MA100: | 0.096576 | |
| MAexp7: | 0.397428 | |
| MAexp20: | 0.401566 | |
| MAexp50: | 0.410263 | |
| MAexp100: | 0.418050 | |
| Price / MA7: | +7.86% | |
| Price / MA20: | +52.93% | |
| Price / MA50: | +137.15% | |
| Price / MA100: | +313.15% | |
| Price / MAexp7: | +0.40% | |
| Price / MAexp20: | -0.64% | |
| Price / MAexp50: | -2.75% | |
| Price / MAexp100: | -4.56% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis CONFLUX NETWORK - CFX/USDT - 15 min.