Londinia Opportunities Analyses - 05/03/2024 (GMT) CONFLUX NETWORK - CFX/USDT - 1H
| Type: | Cryptocurrencies |
| Ticker: | CFXUSDT |
| ISIN: |
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- Cryptocurrencies
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 0.220124 USDT
My targets
0.231125 USDT (+2.75%)
0.238471 USDT (+6.01%)
My analysis
CONFLUX NETWORK - CFX/USDT is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.220124 USDT. The next resistance located at 0.231125 USDT is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.238471 USDT. After this resistance, buyers could then target 0.245439 USDT. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
8.4
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Additional analysis
Quotes
The CONFLUX NETWORK - CFX/USDT rating is 0.224947 USDT. The price registered an increase of +0.86% on the session and was between 0.216911 USDT and 0.226354 USDT. This implies that the price is at +3.70% from its lowest and at -0.62% from its highest.0.216911
0.226354
0.224947
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 1H chart of CONFLUX NETWORK - CFX/USDT indicates that the overall trend is strongly bullish. 89.29% 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 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:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
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 | 0.201015 | 0.213358 | 0.220124 | 0.224947 | 0.231125 | 0.238471 | 0.245439 |
| Change (%) | -10.64% | -5.15% | -2.14% | - | +2.75% | +6.01% | +9.11% |
| Change | -0.023932 | -0.011589 | -0.004823 | - | +0.006178 | +0.013524 | +0.020492 |
| Level | Intermediate | Minor | Major | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.195015 | 0.202283 | 0.212660 | 0.219928 | 0.230305 | 0.237573 | 0.247950 |
| Camarilla | 0.218184 | 0.219801 | 0.221419 | 0.223036 | 0.224654 | 0.226271 | 0.227888 |
| Woodie | 0.196569 | 0.203060 | 0.214214 | 0.220705 | 0.231859 | 0.238350 | 0.249504 |
| Fibonacci | 0.202283 | 0.209024 | 0.213188 | 0.219928 | 0.226669 | 0.230833 | 0.237573 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.191143 | 0.211050 | 0.225252 | 0.245159 | 0.259361 | 0.279268 | 0.293470 |
| Camarilla | 0.230073 | 0.233200 | 0.236326 | 0.239453 | 0.242580 | 0.245706 | 0.248833 |
| Woodie | 0.188290 | 0.209624 | 0.222399 | 0.243733 | 0.256508 | 0.277842 | 0.290617 |
| Fibonacci | 0.211050 | 0.224080 | 0.232130 | 0.245159 | 0.258189 | 0.266239 | 0.279268 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.177516 | 0.006781 | 0.111572 | 0.295869 | 0.400660 | 0.584957 | 0.689748 |
| Camarilla | 0.136865 | 0.163365 | 0.189864 | 0.216364 | 0.242864 | 0.269364 | 0.295863 |
| Woodie | -0.217268 | -0.013096 | 0.071820 | 0.275993 | 0.360908 | 0.565081 | 0.649996 |
| Fibonacci | 0.006781 | 0.117212 | 0.185437 | 0.295869 | 0.406300 | 0.474525 | 0.584957 |
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): | 58.98 | |
| MACD (12,26,9): | 0.0013 | |
| Directional Movement: | 10.985737 | |
| AROON (14): | 50.000000 | |
| DEMA (21): | 0.224183 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.220098 | |
| Elder Ray (13): | 0.001795 | |
| Super Trend (3,10): | 0.218022 | |
| Zig ZAG (10): | 0.224730 | |
| VORTEX (21): | 1.0116 | |
| Stochastique (14,3,5): | 87.96 | |
| TEMA (21): | 0.224240 | |
| Williams %R (14): | -17.93 | |
| Chande Momentum Oscillator (20): | 0.006115 | |
| Repulse (5,40,3): | 0.0638 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0622 | |
| Courbe Coppock: | 1.71 |
| MA7: | 0.225890 | |
| MA20: | 0.237788 | |
| MA50: | 0.337509 | |
| MA100: | 0.295803 | |
| MAexp7: | 0.224029 | |
| MAexp20: | 0.222529 | |
| MAexp50: | 0.220543 | |
| MAexp100: | 0.221502 | |
| Price / MA7: | -0.42% | |
| Price / MA20: | -5.40% | |
| Price / MA50: | -33.35% | |
| Price / MA100: | -23.95% | |
| Price / MAexp7: | +0.41% | |
| Price / MAexp20: | +1.09% | |
| Price / MAexp50: | +2.00% | |
| Price / MAexp100: | +1.56% |
Quotes :
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Real time data
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Cryptocompare