CONFLUX NETWORK - CFX/USDT - 1H - Technical analysis published on 04/06/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 0.375578 USDT
My targets
0.405789 USDT (+3.97%)
0.427900 USDT (+9.63%)
My analysis
The bullish trend is currently very strong on CONFLUX NETWORK - CFX/USDT. As long as the price remains above the support at 0.375578 USDT, you could try to benefit from the boom. The first bullish objective is located at 0.405789 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.427900 USDT as an objective. Crossing it would then enable buyers to target 0.442300 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.
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
7
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Additional analysis
Quotes
CONFLUX NETWORK - CFX/USDT rating 0.390300 USDT. The price registered an increase of +0.70% on the session and was between 0.375700 USDT and 0.395700 USDT. This implies that the price is at +3.89% from its lowest and at -1.36% from its highest.0.375700
0.395700
0.390300
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
A technical analysis in 1H of this CONFLUX NETWORK - CFX/USDT chart shows a strongly bullish trend. 82.14% 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. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
The probability of a further increase are moderate given the direction of the technical indicators.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.347400 | 0.362400 | 0.375578 | 0.390300 | 0.405789 | 0.427900 | 0.442300 |
| Change (%) | -10.99% | -7.15% | -3.77% | - | +3.97% | +9.63% | +13.32% |
| Change | -0.042900 | -0.027900 | -0.014722 | - | +0.015489 | +0.037600 | +0.052000 |
| 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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 57.18 | |
| MACD (12,26,9): | 0.0017 | |
| Directional Movement: | 3.962163 | |
| AROON (14): | -35.714286 | |
| DEMA (21): | 0.388235 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.395700 | |
| Elder Ray (13): | 0.005582 | |
| Super Trend (3,10): | 0.377333 | |
| Zig ZAG (10): | 0.390300 | |
| VORTEX (21): | 1.0555 | |
| Stochastique (14,3,5): | 52.73 | |
| TEMA (21): | 0.387111 | |
| Williams %R (14): | -30.33 | |
| Chande Momentum Oscillator (20): | 0.006100 | |
| Repulse (5,40,3): | 0.8405 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0890 | |
| Courbe Coppock: | 3.44 |
| MA7: | 0.384800 | |
| MA20: | 0.379390 | |
| MA50: | 0.267688 | |
| MA100: | 0.152077 | |
| MAexp7: | 0.386875 | |
| MAexp20: | 0.385448 | |
| MAexp50: | 0.381542 | |
| MAexp100: | 0.379452 | |
| Price / MA7: | +1.43% | |
| Price / MA20: | +2.88% | |
| Price / MA50: | +45.80% | |
| Price / MA100: | +156.65% | |
| Price / MAexp7: | +0.89% | |
| Price / MAexp20: | +1.26% | |
| Price / MAexp50: | +2.30% | |
| Price / MAexp100: | +2.86% |
Quotes :
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Real time data
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