CONFLUX - CFX/USDT - 1H - Technical analysis published on 07/12/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
33%
22%
44%
My opinion
Bullish above 0.192400 USDT
My targets
0.201000 USDT (+1.41%)
0.212500 USDT (+7.21%)
My analysis
The bullish trend is currently very strong on CONFLUX NETWORK - CFX/USDT. As long as the price remains above the support at 0.192400 USDT, you could try to benefit from the boom. The first bullish objective is located at 0.201000 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.212500 USDT as an objective. Crossing it would then enable buyers to target 0.253978 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 are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
6.4
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Additional analysis
Quotes
The CONFLUX NETWORK - CFX/USDT price is 0.198200 USDT. On the day, this instrument gained +9.50% and was between 0.180500 USDT and 0.205500 USDT. This implies that the price is at +9.81% from its lowest and at -3.55% from its highest.0.180500
0.205500
0.198200
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
Here is a more detailed summary of the historical variations registered by CONFLUX NETWORK - CFX/USDT:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CONFLUX NETWORK - CFX/USDT indicates that the overall trend is strongly bullish. 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.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
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
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.176800 | 0.182067 | 0.192400 | 0.198200 | 0.201000 | 0.212500 | 0.253978 |
| Change (%) | -10.80% | -8.14% | -2.93% | - | +1.41% | +7.21% | +28.14% |
| Change | -0.021400 | -0.016133 | -0.005800 | - | +0.002800 | +0.014300 | +0.055778 |
| Level | Major | Major | Intermediate | - | Minor | Minor | Minor |
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 | 0.171400 | 0.174600 | 0.177800 | 0.181000 | 0.184200 | 0.187400 | 0.190600 |
| Camarilla | 0.179240 | 0.179827 | 0.180413 | 0.181000 | 0.181587 | 0.182173 | 0.182760 |
| Woodie | 0.171400 | 0.174600 | 0.177800 | 0.181000 | 0.184200 | 0.187400 | 0.190600 |
| Fibonacci | 0.174600 | 0.177045 | 0.178555 | 0.181000 | 0.183445 | 0.184955 | 0.187400 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.144700 | 0.162700 | 0.176500 | 0.194500 | 0.208300 | 0.226300 | 0.240100 |
| Camarilla | 0.181555 | 0.184470 | 0.187385 | 0.190300 | 0.193215 | 0.196130 | 0.199045 |
| Woodie | 0.142600 | 0.161650 | 0.174400 | 0.193450 | 0.206200 | 0.225250 | 0.238000 |
| Fibonacci | 0.162700 | 0.174848 | 0.182352 | 0.194500 | 0.206648 | 0.214152 | 0.226300 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.026667 | 0.097833 | 0.149967 | 0.221133 | 0.273267 | 0.344433 | 0.396567 |
| Camarilla | 0.168193 | 0.179495 | 0.190798 | 0.202100 | 0.213403 | 0.224705 | 0.236008 |
| Woodie | 0.017150 | 0.093075 | 0.140450 | 0.216375 | 0.263750 | 0.339675 | 0.387050 |
| Fibonacci | 0.097833 | 0.144934 | 0.174033 | 0.221133 | 0.268234 | 0.297333 | 0.344433 |
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): | 60.26 | |
| MACD (12,26,9): | 0.0028 | |
| Directional Movement: | 2.973791 | |
| AROON (14): | -28.571428 | |
| DEMA (21): | 0.199659 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.200855 | |
| Elder Ray (13): | 0.000724 | |
| Super Trend (3,10): | 0.192042 | |
| Zig ZAG (10): | 0.198400 | |
| VORTEX (21): | 1.1800 | |
| Stochastique (14,3,5): | 45.77 | |
| TEMA (21): | 0.199668 | |
| Williams %R (14): | -51.49 | |
| Chande Momentum Oscillator (20): | -0.001600 | |
| Repulse (5,40,3): | 1.5068 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2807 | |
| Courbe Coppock: | 0.33 |
| MA7: | 0.186414 | |
| MA20: | 0.204965 | |
| MA50: | 0.227796 | |
| MA100: | 0.275837 | |
| MAexp7: | 0.197565 | |
| MAexp20: | 0.195522 | |
| MAexp50: | 0.190521 | |
| MAexp100: | 0.188319 | |
| Price / MA7: | +6.32% | |
| Price / MA20: | -3.30% | |
| Price / MA50: | -12.99% | |
| Price / MA100: | -28.15% | |
| Price / MAexp7: | +0.32% | |
| Price / MAexp20: | +1.37% | |
| Price / MAexp50: | +4.03% | |
| Price / MAexp100: | +5.25% |
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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