CONFLUX NETWORK - CFX/USDT - 15 min. - Technical analysis published on 03/21/2023 (GMT)
- 157
- 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:
Slightly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 0.417667 USDT
My targets
0.372633 USDT (-8.29%)
0.346567 USDT (-14.70%)
My analysis
CONFLUX NETWORK - CFX/USDT is currently trying to strengthen its basic trend with a very bearish short term. As long as the price remains below 0.417667 USDT, traders may consider taking advantage of this bearish acceleration and setting themselves to trade only in short positions (for sale). Sellers will encounter the support at 0.372633 USDT. A bearish break in this support would confirm a continuation of the bearish acceleration. The next support located at 0.346567 USDT would then be the next bearish objective for sellers. Crossing it would then enable sellers to target 0.301533 USDT. Beware of a possible return to above the resistance located at 0.417667 USDT which would be a sign of a correction of the short-term bearish excesses registered.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
3.6
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 rating is 0.406300 USDT. On the day, this instrument gained +1.91% with the lowest point at 0.382600 USDT and the highest point at 0.447800 USDT. The deviation from the price is +6.19% for the low point and -9.27% for the high point.0.382600
0.447800
0.406300
The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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
Technical analysis of this 15 min. chart of CONFLUX NETWORK - CFX/USDT indicates that the overall trend is slightly bearish. 53.57% of the signals given by moving averages are bearish. The overall trend could accelerate as a result of the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are bearish. There is still some doubt about the decline in the price.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.276640 | 0.329100 | 0.365167 | 0.406300 | 0.418392 | 0.485600 |
| Change (%) | -31.91% | -19.00% | -10.12% | - | +2.98% | +19.52% |
| Change | -0.129660 | -0.077200 | -0.041133 | - | +0.012092 | +0.079300 |
| 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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 39.37 | |
| MACD (12,26,9): | -0.0028 | |
| Directional Movement: | -7.436620 | |
| AROON (14): | -57.142857 | |
| DEMA (21): | 0.413380 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.425898 | |
| Elder Ray (13): | -0.005391 | |
| Super Trend (3,10): | 0.426287 | |
| Zig ZAG (10): | 0.409900 | |
| VORTEX (21): | 0.8801 | |
| Stochastique (14,3,5): | 13.20 | |
| TEMA (21): | 0.408401 | |
| Williams %R (14): | -88.78 | |
| Chande Momentum Oscillator (20): | -0.014400 | |
| Repulse (5,40,3): | -0.2132 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0314 | |
| Courbe Coppock: | 7.74 |
| MA7: | 0.371429 | |
| MA20: | 0.261405 | |
| MA50: | 0.168449 | |
| MA100: | 0.096687 | |
| MAexp7: | 0.410521 | |
| MAexp20: | 0.415586 | |
| MAexp50: | 0.415118 | |
| MAexp100: | 0.414064 | |
| Price / MA7: | +9.39% | |
| Price / MA20: | +55.43% | |
| Price / MA50: | +141.20% | |
| Price / MA100: | +320.22% | |
| Price / MAexp7: | -1.03% | |
| Price / MAexp20: | -2.23% | |
| Price / MAexp50: | -2.12% | |
| Price / MAexp100: | -1.88% |
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.