CONFLUX - CFX/USDT - 15 min. - Technical analysis published on 03/21/2023 (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 bullish
Underlying:
Bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 0.417667 USDT
My targets
0.443733 USDT (+3.46%)
0.488767 USDT (+13.96%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on CONFLUX NETWORK - CFX/USDT. This is a positive signal for buyers. As long as the price remains above 0.417667 USDT, a purchase could be considered. The first bullish objective is located at 0.443733 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.488767 USDT as an objective. Crossing it would then enable buyers to target 0.514833 USDT. In the event of a return below 0.417667 USDT, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be 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
7
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Additional analysis
Quotes
The CONFLUX NETWORK - CFX/USDT rating is 0.428900 USDT. On the day, this instrument gained +7.58% and was between 0.382600 USDT and 0.447800 USDT. This implies that the price is at +12.10% from its lowest and at -4.22% from its highest.0.382600
0.447800
0.428900
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
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
A technical analysis in 15 min. of this CONFLUX NETWORK - CFX/USDT chart shows a bullish trend. The signals returned by the moving averages are 75.00% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 15 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 15 minutes
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 15 minutes
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 15 minutes
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.329100 | 0.365167 | 0.418392 | 0.428900 | 0.485600 |
| Change (%) | -23.27% | -14.86% | -2.45% | - | +13.22% |
| Change | -0.099800 | -0.063733 | -0.010508 | - | +0.056700 |
| Level | Major | Major | Intermediate | - | Minor |
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): | 73.66 | |
| MACD (12,26,9): | 0.0088 | |
| Directional Movement: | 31.145958 | |
| AROON (14): | 100.000000 | |
| DEMA (21): | 0.423175 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.413013 | |
| Elder Ray (13): | 0.021693 | |
| Super Trend (3,10): | 0.414520 | |
| Zig ZAG (10): | 0.446000 | |
| VORTEX (21): | 1.2908 | |
| Stochastique (14,3,5): | 85.44 | |
| TEMA (21): | 0.432183 | |
| Williams %R (14): | -12.39 | |
| Chande Momentum Oscillator (20): | 0.035800 | |
| Repulse (5,40,3): | 1.9674 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1648 | |
| Courbe Coppock: | 13.52 |
| MA7: | 0.374343 | |
| MA20: | 0.262415 | |
| MA50: | 0.168863 | |
| MA100: | 0.096901 | |
| MAexp7: | 0.428851 | |
| MAexp20: | 0.413336 | |
| MAexp50: | 0.407464 | |
| MAexp100: | 0.409792 | |
| Price / MA7: | +14.57% | |
| Price / MA20: | +63.44% | |
| Price / MA50: | +153.99% | |
| Price / MA100: | +342.62% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +3.77% | |
| Price / MAexp50: | +5.26% | |
| Price / MAexp100: | +4.66% |
Quotes :
-
Real time data
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Cryptocompare
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