ENERGY WEB TOKEN - EWT/USD - 1H - Technical analysis published on 02/20/2024 (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:
Bullish
Underlying:
Strongly bullish
Technical indicators
39%
33%
28%
My opinion
Bullish above 2.50 USD
My targets
2.63 USD (+3.95%)
2.68 USD (+5.93%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ENERGY WEB TOKEN - EWT/USD as long as the price remains well above 2.50 USD. The buyers' bullish objective is set at 2.63 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.68 USD. If there is any crossing, the next objective would be the resistance located at 2.93 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
4.8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ENERGY WEB TOKEN - EWT/USD price is 2.53 USD. On the day, this instrument gained +3.69% with the lowest point at 2.44 USD and the highest point at 2.56 USD. The deviation from the price is +3.69% for the low point and -1.17% for the high point.2.44
2.56
2.53
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of ENERGY WEB TOKEN - EWT/USD indicates that the overall trend is strongly bullish. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
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.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
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 horizontal resistance
Type : Bearish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of 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 | 2.30 | 2.42 | 2.50 | 2.53 | 2.63 | 2.68 | 2.93 |
| Change (%) | -9.09% | -4.35% | -1.19% | - | +3.95% | +5.93% | +15.81% |
| Change | -0.23 | -0.11 | -0.03 | - | +0.10 | +0.15 | +0.40 |
| Level | Intermediate | Minor | Minor | - | Minor | Intermediate | 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 | 2.12 | 2.28 | 2.36 | 2.52 | 2.60 | 2.76 | 2.84 |
| Camarilla | 2.37 | 2.40 | 2.42 | 2.44 | 2.46 | 2.48 | 2.51 |
| Woodie | 2.08 | 2.26 | 2.32 | 2.50 | 2.56 | 2.74 | 2.80 |
| Fibonacci | 2.28 | 2.37 | 2.43 | 2.52 | 2.61 | 2.67 | 2.76 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.78 | 1.92 | 2.17 | 2.31 | 2.56 | 2.70 | 2.95 |
| Camarilla | 2.30 | 2.34 | 2.37 | 2.41 | 2.45 | 2.48 | 2.52 |
| Woodie | 1.83 | 1.95 | 2.22 | 2.34 | 2.61 | 2.73 | 3.00 |
| Fibonacci | 1.92 | 2.07 | 2.16 | 2.31 | 2.46 | 2.55 | 2.70 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.64 | 1.29 | 1.66 | 2.31 | 2.68 | 3.33 | 3.70 |
| Camarilla | 1.74 | 1.83 | 1.93 | 2.02 | 2.11 | 2.21 | 2.30 |
| Woodie | 0.49 | 1.22 | 1.51 | 2.24 | 2.53 | 3.26 | 3.55 |
| Fibonacci | 1.29 | 1.68 | 1.92 | 2.31 | 2.70 | 2.94 | 3.33 |
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): | 54.57 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | 10.85 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 2.50 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.44 | |
| Elder Ray (13): | 0.02 | |
| Super Trend (3,10): | 2.54 | |
| Zig ZAG (10): | 2.53 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 20.49 | |
| TEMA (21): | 2.47 | |
| Williams %R (14): | -58.91 | |
| Chande Momentum Oscillator (20): | -0.01 | |
| Repulse (5,40,3): | 0.8900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 9.67 |
| MA7: | 2.38 | |
| MA20: | 2.18 | |
| MA50: | 2.25 | |
| MA100: | 2.40 | |
| MAexp7: | 2.48 | |
| MAexp20: | 2.50 | |
| MAexp50: | 2.47 | |
| MAexp100: | 2.40 | |
| Price / MA7: | +6.30% | |
| Price / MA20: | +16.06% | |
| Price / MA50: | +12.44% | |
| Price / MA100: | +5.42% | |
| Price / MAexp7: | +2.02% | |
| Price / MAexp20: | +1.20% | |
| Price / MAexp50: | +2.43% | |
| Price / MAexp100: | +5.42% |
Quotes :
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Real time data
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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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