CONFLUX NETWORK - CFX/USDT
CONFLUX NETWORK - CFX/USDT
- USDT (-)
- Real time data - Cryptocompare
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Type: Cryptocurrencies
Ticker: CFXUSDT
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CONFLUX NETWORK - CFX/USDT - 15 min. - Technical analysis published on 03/21/2023 (GMT)

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  • Timeframe : 15 min.
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Bullish
Technical indicators
56%
22%
22%
My opinion
Bullish above 0.417667 USDT
My targets
0.443733 USDT (+4.38%)
0.488767 USDT (+14.98%)
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 0.417667 USDT. The next resistance located at 0.443733 USDT is the next bullish target 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 0.488767 USDT. After this resistance, buyers could then target 0.514833 USDT.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
5.4

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:
1H Daily Weekly

Additional analysis

Quotes

CONFLUX NETWORK - CFX/USDT rating 0.425100 USDT. The price has increased by +6.62% since the last closing and was traded between 0.382600 USDT and 0.447800 USDT over the period. The price is currently at +11.11% from its lowest and -5.07% from its highest.

0.382600
0.447800
0.425100

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

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:
The Central Records scanner for higher/lower results shows an item:

Central Records

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly



The Central Volumes scanner notes the presence of abnormal volumes:

Central Volumes

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. 75.00% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

MACD indicator: bearish divergence

Type : Bearish

Timeframe : 15 minutes

The Central Indicators scanner found no further results concerning independent technical indicators.

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The presence of these bullish Japanese candlestick patterns detected by Central Candlesticks that could cause a very short term rebound were also noted:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : 15 minutes


Bullish harami cross

Type : Bullish

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
Price


S3S2S1PriceR1
ProTrendLines 0.329100 0.365167 0.418392 0.425100 0.485600
Change (%) -22.58% -14.10% -1.58% - +14.23%
Change -0.096000 -0.059933 -0.006708 - +0.060500
Level 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
Standard0.3015330.3465670.3726330.4176670.4437330.4887670.514833
Camarilla0.3791480.3856650.3921830.3987000.4052180.4117350.418253
Woodie0.2920500.3418250.3631500.4129250.4342500.4840250.505350
Fibonacci0.3465670.3737270.3905070.4176670.4448270.4616070.488767


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-0.0933000.0238000.2001000.3172000.4935000.6106000.786900
Camarilla0.2957150.3226100.3495050.3764000.4032950.4301900.457085
Woodie-0.0637000.0386000.2297000.3320000.5231000.6254000.816500
Fibonacci0.0238000.1358790.2051210.3172000.4292790.4985210.610600


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-0.224567-0.0879530.0925730.2291870.4097130.5463270.726853
Camarilla0.1858870.2149580.2440290.2731000.3021710.3312420.360314
Woodie-0.202610-0.0769750.1145300.2401650.4316700.5573050.748810
Fibonacci-0.0879530.0331940.1080390.2291870.3503340.4251790.546327

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): 63.95
MACD (12,26,9): 0.0090
Directional Movement: 22.246714
AROON (14): 57.142857
DEMA (21): 0.429702
Parabolic SAR (0,02-0,02-0,2): 0.447368
Elder Ray (13): 0.006987
Super Trend (3,10): 0.414440
Zig ZAG (10): 0.427300
VORTEX (21): 1.1679
Stochastique (14,3,5): 57.20
TEMA (21): 0.434840
Williams %R (14): -49.02
Chande Momentum Oscillator (20): 0.020700
Repulse (5,40,3): -3.2624
ROCnROLL: 1
TRIX (15,9): 0.2597
Courbe Coppock: 13.13
MA7: 0.373857
MA20: 0.262305
MA50: 0.168807
MA100: 0.096862
MAexp7: 0.426961
MAexp20: 0.419716
MAexp50: 0.411154
MAexp100: 0.411468
Price / MA7: +13.71%
Price / MA20: +62.06%
Price / MA50: +151.83%
Price / MA100: +338.87%
Price / MAexp7: -0.44%
Price / MAexp20: +1.28%
Price / MAexp50: +3.39%
Price / MAexp100: +3.31%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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