CONFLUX NETWORK - CFX/USDT - Daily - Technical analysis published on 03/21/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 0.329100 USDT
My targets
0.409713 USDT (+2.84%)
0.493500 USDT (+23.87%)
My analysis
CONFLUX NETWORK - CFX/USDT is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.329100 USDT. The next resistance located at 0.409713 USDT is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.493500 USDT. After this resistance, buyers could then target 0.546327 USDT. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.6
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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 0.398400 USDT. The price is lower by -0.08% since the last closing and was traded between 0.383300 USDT and 0.410600 USDT over the period. The price is currently at +3.94% from its lowest and -2.97% from its highest.0.383300
0.410600
0.398400
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
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
A technical analysis in Daily of this CONFLUX NETWORK - CFX/USDT chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
Price
S3 | S2 | S1 | Price | |
---|---|---|---|---|
ProTrendLines | 0.147100 | 0.219600 | 0.329100 | 0.398400 |
Change (%) | -63.08% | -44.88% | -17.39% | - |
Change | -0.251300 | -0.178800 | -0.069300 | - |
Level | Minor | Intermediate | Major | - |
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 | 0.301533 | 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): | 66.34 | |
MACD (12,26,9): | 0.0671 | |
Directional Movement: | 32.348465 | |
AROON (14): | 57.142857 | |
DEMA (21): | 0.368819 | |
Parabolic SAR (0,02-0,02-0,2): | 0.274067 | |
Elder Ray (13): | 0.073483 | |
Super Trend (3,10): | 0.232171 | |
Zig ZAG (10): | 0.396300 | |
VORTEX (21): | 1.1055 | |
Stochastique (14,3,5): | 80.58 | |
TEMA (21): | 0.399524 | |
Williams %R (14): | -25.06 | |
Chande Momentum Oscillator (20): | 0.230600 | |
Repulse (5,40,3): | 1.3940 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 4.0575 | |
Courbe Coppock: | 178.66 |
MA7: | 0.369914 | |
MA20: | 0.260905 | |
MA50: | 0.168245 | |
MA100: | 0.096576 | |
MAexp7: | 0.368478 | |
MAexp20: | 0.287187 | |
MAexp50: | 0.198018 | |
MAexp100: | 0.135607 | |
Price / MA7: | +7.70% | |
Price / MA20: | +52.70% | |
Price / MA50: | +136.80% | |
Price / MA100: | +312.52% | |
Price / MAexp7: | +8.12% | |
Price / MAexp20: | +38.72% | |
Price / MAexp50: | +101.19% | |
Price / MAexp100: | +193.79% |
Quotes :
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Real time data
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