ENERGY WEB TOKEN - EWT/USD - 1H - Technical analysis published on 12/27/2023 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 2.79 USD
My targets
2.91 USD (+2.46%)
3.30 USD (+16.09%)
My analysis
ENERGY WEB TOKEN - EWT/USD 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 2.79 USD. The next resistance located at 2.91 USD 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 3.30 USD. After this resistance, buyers could then target 8.19 USD. 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.
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
0
10
8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ENERGY WEB TOKEN - EWT/USD rating 2.84 USD. On the day, this instrument gained +9.23% and was between 2.53 USD and 2.84 USD. This implies that the price is at +12.25% from its lowest and at 0% from its highest.2.53
2.84
2.84
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of ENERGY WEB TOKEN - EWT/USD in 1H shows a strongly overall 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. An assessment of moving averages reveals a bullish signal that could impact this trend:
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : 1 hour
In fact, 17 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 2.63 | 2.71 | 2.79 | 2.84 | 2.91 | 8.19 | 15.07 |
| Change (%) | -7.39% | -4.58% | -1.76% | - | +2.46% | +188.38% | +430.63% |
| Change | -0.21 | -0.13 | -0.05 | - | +0.07 | +5.35 | +12.23 |
| Level | Intermediate | Minor | Intermediate | - | Major | Minor | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.31 | 2.45 | 2.52 | 2.66 | 2.73 | 2.87 | 2.94 |
| Camarilla | 2.54 | 2.56 | 2.58 | 2.60 | 2.62 | 2.64 | 2.66 |
| Woodie | 2.29 | 2.43 | 2.50 | 2.64 | 2.71 | 2.85 | 2.92 |
| Fibonacci | 2.45 | 2.53 | 2.58 | 2.66 | 2.74 | 2.79 | 2.87 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.74 | 1.94 | 2.26 | 2.46 | 2.78 | 2.98 | 3.30 |
| Camarilla | 2.43 | 2.48 | 2.52 | 2.57 | 2.62 | 2.67 | 2.71 |
| Woodie | 1.79 | 1.97 | 2.31 | 2.49 | 2.83 | 3.01 | 3.35 |
| Fibonacci | 1.94 | 2.14 | 2.27 | 2.46 | 2.66 | 2.79 | 2.98 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.69 | 1.93 | 2.36 | 2.60 | 3.03 | 3.27 | 3.70 |
| Camarilla | 2.62 | 2.68 | 2.74 | 2.80 | 2.86 | 2.92 | 2.98 |
| Woodie | 1.80 | 1.98 | 2.47 | 2.65 | 3.14 | 3.32 | 3.81 |
| Fibonacci | 1.93 | 2.18 | 2.34 | 2.60 | 2.85 | 3.01 | 3.27 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 70.87 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | 28.34 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 2.66 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.57 | |
| Elder Ray (13): | 0.13 | |
| Super Trend (3,10): | 2.64 | |
| Zig ZAG (10): | 2.80 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 88.03 | |
| TEMA (21): | 2.69 | |
| Williams %R (14): | -10.33 | |
| Chande Momentum Oscillator (20): | 0.25 | |
| Repulse (5,40,3): | 4.3000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 6.93 |
| MA7: | 2.57 | |
| MA20: | 2.50 | |
| MA50: | 2.51 | |
| MA100: | 2.17 | |
| MAexp7: | 2.70 | |
| MAexp20: | 2.65 | |
| MAexp50: | 2.64 | |
| MAexp100: | 2.61 | |
| Price / MA7: | +10.51% | |
| Price / MA20: | +13.60% | |
| Price / MA50: | +13.15% | |
| Price / MA100: | +30.88% | |
| Price / MAexp7: | +5.19% | |
| Price / MAexp20: | +7.17% | |
| Price / MAexp50: | +7.58% | |
| Price / MAexp100: | +8.81% |
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.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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