CONFLUX - CFX/USDT - 1H - Technical analysis published on 03/29/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 0.423500 USDT
My targets
0.455000 USDT (+5.08%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CONFLUX NETWORK - CFX/USDT as long as the price remains well above 0.423500 USDT. The buyers' bullish objective is set at 0.455000 USDT. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.6
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This analysis was given by MOHAMMED ALAMERI. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CONFLUX NETWORK - CFX/USDT rating is 0.433000 USDT. The price registered an increase of +22.25% on the session and was traded between 0.349200 USDT and 0.437200 USDT over the period. The price is currently at +24.00% from its lowest and -0.96% from its highest.0.349200
0.437200
0.433000
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CONFLUX NETWORK - CFX/USDT:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this CONFLUX NETWORK - CFX/USDT chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from 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. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 80
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.358225 | 0.382786 | 0.423500 | 0.433000 | 0.455000 |
| Change (%) | -17.27% | -11.60% | -2.19% | - | +5.08% |
| Change | -0.074775 | -0.050214 | -0.009500 | - | +0.022000 |
| Level | Major | Minor | Minor | - | Major |
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 | 0.273800 | 0.291200 | 0.322700 | 0.340100 | 0.371600 | 0.389000 | 0.420500 |
| Camarilla | 0.340753 | 0.345235 | 0.349718 | 0.354200 | 0.358683 | 0.363165 | 0.367648 |
| Woodie | 0.280850 | 0.294725 | 0.329750 | 0.343625 | 0.378650 | 0.392525 | 0.427550 |
| Fibonacci | 0.291200 | 0.309880 | 0.321420 | 0.340100 | 0.358780 | 0.370320 | 0.389000 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.073567 | 0.190533 | 0.251667 | 0.368633 | 0.429767 | 0.546733 | 0.607867 |
| Camarilla | 0.263823 | 0.280148 | 0.296474 | 0.312800 | 0.329126 | 0.345452 | 0.361778 |
| Woodie | 0.045650 | 0.176575 | 0.223750 | 0.354675 | 0.401850 | 0.532775 | 0.579950 |
| Fibonacci | 0.190533 | 0.258568 | 0.300599 | 0.368633 | 0.436668 | 0.478699 | 0.546733 |
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): | 84.13 | |
| MACD (12,26,9): | 0.0159 | |
| Directional Movement: | 37.686179 | |
| AROON (14): | 57.142857 | |
| DEMA (21): | 0.404074 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.376298 | |
| Elder Ray (13): | 0.032166 | |
| Super Trend (3,10): | 0.387351 | |
| Zig ZAG (10): | 0.433100 | |
| VORTEX (21): | 1.2647 | |
| Stochastique (14,3,5): | 89.42 | |
| TEMA (21): | 0.409690 | |
| Williams %R (14): | -8.50 | |
| Chande Momentum Oscillator (20): | 0.044800 | |
| Repulse (5,40,3): | 10.9024 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.5526 | |
| Courbe Coppock: | 12.49 |
| MA7: | 0.354229 | |
| MA20: | 0.325345 | |
| MA50: | 0.216432 | |
| MA100: | 0.123067 | |
| MAexp7: | 0.402093 | |
| MAexp20: | 0.383895 | |
| MAexp50: | 0.362294 | |
| MAexp100: | 0.353145 | |
| Price / MA7: | +22.24% | |
| Price / MA20: | +33.09% | |
| Price / MA50: | +100.06% | |
| Price / MA100: | +251.84% | |
| Price / MAexp7: | +7.56% | |
| Price / MAexp20: | +12.66% | |
| Price / MAexp50: | +19.38% | |
| Price / MAexp100: | +22.47% |
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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