CONFLUX - CFX/USDT - 15 min. - Technical analysis published on 04/06/2023 (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:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 0.385667 USDT
My targets
0.407733 USDT (+4.33%)
0.427867 USDT (+9.48%)
My analysis
The bullish trend is currently very strong on CONFLUX NETWORK - CFX/USDT. As long as the price remains above the support at 0.385667 USDT, you could try to benefit from the boom. The first bullish objective is located at 0.407733 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.427867 USDT as an objective. Crossing it would then enable buyers to target 0.449933 USDT. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bullish opinion of this analysis. 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
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Additional analysis
Quotes
The CONFLUX NETWORK - CFX/USDT price is 0.390800 USDT. The price registered an increase of +0.83% on the session and was traded between 0.375700 USDT and 0.395700 USDT over the period. The price is currently at +4.02% from its lowest and -1.24% from its highest.0.375700
0.395700
0.390800
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
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
A technical analysis in 15 min. of this CONFLUX NETWORK - CFX/USDT chart shows a strongly bullish trend. 85.71% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals 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, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
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
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.347400 | 0.362400 | 0.375578 | 0.390800 | 0.405789 | 0.427900 | 0.442300 |
| Change (%) | -11.11% | -7.27% | -3.90% | - | +3.84% | +9.49% | +13.18% |
| Change | -0.043400 | -0.028400 | -0.015222 | - | +0.014989 | +0.037100 | +0.051500 |
| Level | Major | Minor | Intermediate | - | Intermediate | Minor | Intermediate |
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 | 0.323333 | 0.343467 | 0.365533 | 0.385667 | 0.407733 | 0.427867 | 0.449933 |
| Camarilla | 0.375995 | 0.379863 | 0.383732 | 0.387600 | 0.391468 | 0.395337 | 0.399205 |
| Woodie | 0.324300 | 0.343950 | 0.366500 | 0.386150 | 0.408700 | 0.428350 | 0.450900 |
| Fibonacci | 0.343467 | 0.359587 | 0.369546 | 0.385667 | 0.401787 | 0.411746 | 0.427867 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.185567 | 0.246233 | 0.320967 | 0.381633 | 0.456367 | 0.517033 | 0.591767 |
| Camarilla | 0.358465 | 0.370877 | 0.383288 | 0.395700 | 0.408112 | 0.420523 | 0.432935 |
| Woodie | 0.192600 | 0.249750 | 0.328000 | 0.385150 | 0.463400 | 0.520550 | 0.598800 |
| Fibonacci | 0.246233 | 0.297956 | 0.329911 | 0.381633 | 0.433356 | 0.465311 | 0.517033 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.149267 | -0.008233 | 0.203533 | 0.344567 | 0.556333 | 0.697367 | 0.909133 |
| Camarilla | 0.318280 | 0.350620 | 0.382960 | 0.415300 | 0.447640 | 0.479980 | 0.512320 |
| Woodie | -0.113900 | 0.009450 | 0.238900 | 0.362250 | 0.591700 | 0.715050 | 0.944500 |
| Fibonacci | -0.008233 | 0.126536 | 0.209797 | 0.344567 | 0.479336 | 0.562597 | 0.697367 |
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): | 59.52 | |
| MACD (12,26,9): | 0.0014 | |
| Directional Movement: | 8.376607 | |
| AROON (14): | 28.571429 | |
| DEMA (21): | 0.387901 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.377954 | |
| Elder Ray (13): | 0.002761 | |
| Super Trend (3,10): | 0.380993 | |
| Zig ZAG (10): | 0.393100 | |
| VORTEX (21): | 1.0521 | |
| Stochastique (14,3,5): | 79.83 | |
| TEMA (21): | 0.390092 | |
| Williams %R (14): | -15.50 | |
| Chande Momentum Oscillator (20): | 0.008200 | |
| Repulse (5,40,3): | 1.4303 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0170 | |
| Courbe Coppock: | 1.66 |
| MA7: | 0.384800 | |
| MA20: | 0.379390 | |
| MA50: | 0.267688 | |
| MA100: | 0.152077 | |
| MAexp7: | 0.390039 | |
| MAexp20: | 0.386215 | |
| MAexp50: | 0.385576 | |
| MAexp100: | 0.384166 | |
| Price / MA7: | +1.56% | |
| Price / MA20: | +3.01% | |
| Price / MA50: | +45.99% | |
| Price / MA100: | +156.98% | |
| Price / MAexp7: | +0.20% | |
| Price / MAexp20: | +1.19% | |
| Price / MAexp50: | +1.35% | |
| Price / MAexp100: | +1.73% |
Quotes :
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Real time data
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