CONFLUX NETWORK - CFX/USDT - 1H - Technical analysis published on 03/30/2023 (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%
0%
17%
My opinion
Bullish above 0.423500 USDT
My targets
0.455000 USDT (+4.60%)
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.
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
8.8
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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 price is 0.435000 USDT. The price has increased by +1.30% since the last closing and was between 0.427400 USDT and 0.442300 USDT. This implies that the price is at +1.78% from its lowest and at -1.65% from its highest.0.427400
0.442300
0.435000
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of CONFLUX NETWORK - CFX/USDT in 1H shows a strongly overall 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 80
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
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
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.358392 | 0.394400 | 0.423500 | 0.435000 | 0.455000 |
| Change (%) | -17.61% | -9.33% | -2.64% | - | +4.60% |
| Change | -0.076608 | -0.040600 | -0.011500 | - | +0.020000 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.278533 | 0.313867 | 0.371633 | 0.406967 | 0.464733 | 0.500067 | 0.557833 |
| Camarilla | 0.403798 | 0.412332 | 0.420866 | 0.429400 | 0.437934 | 0.446468 | 0.455003 |
| Woodie | 0.289750 | 0.319475 | 0.382850 | 0.412575 | 0.475950 | 0.505675 | 0.569050 |
| Fibonacci | 0.313867 | 0.349431 | 0.371403 | 0.406967 | 0.442531 | 0.464503 | 0.500067 |
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): | 82.94 | |
| MACD (12,26,9): | 0.0204 | |
| Directional Movement: | 30.230205 | |
| AROON (14): | 64.285715 | |
| DEMA (21): | 0.425289 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.397736 | |
| Elder Ray (13): | 0.023584 | |
| Super Trend (3,10): | 0.396581 | |
| Zig ZAG (10): | 0.438400 | |
| VORTEX (21): | 1.2586 | |
| Stochastique (14,3,5): | 86.77 | |
| TEMA (21): | 0.434335 | |
| Williams %R (14): | -1.86 | |
| Chande Momentum Oscillator (20): | 0.059500 | |
| Repulse (5,40,3): | 5.0287 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.6686 | |
| Courbe Coppock: | 21.60 |
| MA7: | 0.362571 | |
| MA20: | 0.339115 | |
| MA50: | 0.223621 | |
| MA100: | 0.127160 | |
| MAexp7: | 0.423380 | |
| MAexp20: | 0.399866 | |
| MAexp50: | 0.372621 | |
| MAexp100: | 0.359302 | |
| Price / MA7: | +19.98% | |
| Price / MA20: | +28.28% | |
| Price / MA50: | +94.53% | |
| Price / MA100: | +242.09% | |
| Price / MAexp7: | +2.74% | |
| Price / MAexp20: | +8.79% | |
| Price / MAexp50: | +16.74% | |
| Price / MAexp100: | +21.07% |
Quotes :
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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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