CONFLUX NETWORK - CFX/USDT - 15 min. - Technical analysis published on 03/21/2023 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- 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:
Neutral
Underlying:
Bearish
Technical indicators
56%
6%
39%
My opinion
Bearish under 0.417667 USDT
My targets
0.372633 USDT (-7.12%)
0.346567 USDT (-13.62%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on CONFLUX NETWORK - CFX/USDT. As long as you are under the resistance located at 0.417667 USDT, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.372633 USDT would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 0.346567 USDT as an objective. Crossing it would then enable sellers to target 0.301533 USDT. If the resistance 0.417667 USDT were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
2.3
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Additional analysis
Quotes
The CONFLUX NETWORK - CFX/USDT price is 0.401200 USDT. The price registered an increase of +0.63% 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 +4.67% for the low point and -2.29% for the high point.0.383300
0.410600
0.401200
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 15 min. of this CONFLUX NETWORK - CFX/USDT chart shows a bearish trend. 78.57% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 15 minutes
The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
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.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Bearish harami
Type : Bearish
Timeframe : 15 minutes
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 | 0.401200 | 0.418392 | 0.485600 |
| Change (%) | -31.05% | -17.97% | -8.98% | - | +4.29% | +21.04% |
| Change | -0.124560 | -0.072100 | -0.036033 | - | +0.017192 | +0.084400 |
| Level | Intermediate | Major | Major | - | Intermediate | Minor |
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 | 0.301533 | 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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 46.55 | |
| MACD (12,26,9): | -0.0030 | |
| Directional Movement: | -7.713416 | |
| AROON (14): | -35.714286 | |
| DEMA (21): | 0.396576 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.384041 | |
| Elder Ray (13): | 0.000248 | |
| Super Trend (3,10): | 0.415150 | |
| Zig ZAG (10): | 0.401100 | |
| VORTEX (21): | 0.9372 | |
| Stochastique (14,3,5): | 57.75 | |
| TEMA (21): | 0.397910 | |
| Williams %R (14): | -34.07 | |
| Chande Momentum Oscillator (20): | -0.000800 | |
| Repulse (5,40,3): | 0.7160 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1186 | |
| Courbe Coppock: | 2.62 |
| MA7: | 0.370329 | |
| MA20: | 0.260895 | |
| MA50: | 0.168253 | |
| MA100: | 0.096580 | |
| MAexp7: | 0.398997 | |
| MAexp20: | 0.400460 | |
| MAexp50: | 0.408466 | |
| MAexp100: | 0.416508 | |
| Price / MA7: | +8.34% | |
| Price / MA20: | +53.78% | |
| Price / MA50: | +138.45% | |
| Price / MA100: | +315.41% | |
| Price / MAexp7: | +0.55% | |
| Price / MAexp20: | +0.18% | |
| Price / MAexp50: | -1.78% | |
| Price / MAexp100: | -3.68% |
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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