CONFLUX NETWORK - CFX/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	CFXUSDT
ISIN:

CONFLUX NETWORK - CFX/USDT - Daily - Technical analysis published on 01/29/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 0.213691 USDT

My targets

0.256687 USDT (+5.54%)

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 0.213691 USDT. The buyers' bullish objective is set at 0.256687 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

8.9

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

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 0.243221 USDT. On the day, this instrument gained +5.11% and was between 0.228298 USDT and 0.249279 USDT. This implies that the price is at +6.54% from its lowest and at -2.43% from its highest.

0.228298

0.249279

0.243221

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:

The study of the highest / lowest by the Central Records scanner shows the following results:

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 50 days

Technical

A technical analysis in Daily of this CONFLUX NETWORK - CFX/USDT chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	0.170726	0.193072	0.213691	0.243221
Change (%)	-29.81%	-20.62%	-12.14%	-
Change	-0.072495	-0.050149	-0.029530	-
Level	Major	Intermediate	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	0.195038	0.203522	0.217459	0.225943	0.239880	0.248364	0.262301
Camarilla	0.225229	0.227285	0.229340	0.231395	0.233450	0.235506	0.237561
Woodie	0.197764	0.204885	0.220185	0.227306	0.242606	0.249727	0.265027
Fibonacci	0.203522	0.212087	0.217379	0.225943	0.234508	0.239800	0.248364

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.106659	0.137952	0.175574	0.206867	0.244489	0.275782	0.313404
Camarilla	0.194245	0.200563	0.206880	0.213197	0.219514	0.225831	0.232149
Woodie	0.109825	0.139534	0.178740	0.208449	0.247655	0.277364	0.316570
Fibonacci	0.137952	0.164277	0.180541	0.206867	0.233192	0.249456	0.275782

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.126679	0.145410	0.170015	0.188746	0.213351	0.232082	0.256687
Camarilla	0.182704	0.186676	0.190649	0.194621	0.198594	0.202566	0.206538
Woodie	0.129617	0.146879	0.172953	0.190215	0.216289	0.233551	0.259625
Fibonacci	0.145410	0.161964	0.172191	0.188746	0.205300	0.215527	0.232082

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):	66.06
MACD (12,26,9):	0.0097
Directional Movement:	22.806831
AROON (14):	42.857143
DEMA (21):	0.211531
Parabolic SAR (0,02-0,02-0,2):	0.175721
Elder Ray (13):	0.032032
Super Trend (3,10):	0.176579
Zig ZAG (10):	0.243221
VORTEX (21):	1.1489
Stochastique (14,3,5):	82.13
TEMA (21):	0.218715
Williams %R (14):	-7.57
Chande Momentum Oscillator (20):	0.041854
Repulse (5,40,3):	15.2479
ROCnROLL:	1
TRIX (15,9):	0.2863
Courbe Coppock:	24.09

MA7:	0.208937
MA20:	0.196604
MA50:	0.190560
MA100:	0.176968
MAexp7:	0.216875
MAexp20:	0.201154
MAexp50:	0.190381
MAexp100:	0.180499
Price / MA7:	+16.41%
Price / MA20:	+23.71%
Price / MA50:	+27.63%
Price / MA100:	+37.44%
Price / MAexp7:	+12.15%
Price / MAexp20:	+20.91%
Price / MAexp50:	+27.75%
Price / MAexp100:	+34.75%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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