ENERGY WEB TOKEN - EWT/USD
ENERGY WEB TOKEN - EWT/USD
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Type: Cryptocurrencies
Ticker: EWTUSD
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ENERGY WEB TOKEN - EWT/USD - 1H - Technical analysis published on 08/01/2024 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Bullish
Underlying: Slightly bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 1.81 USD
My targets
1.88 USD (+2.73%)
1.91 USD (+4.37%)
My analysis
The basic trend is currently slightly bullish on ENERGY WEB TOKEN - EWT/USD and the short term does not seem to show any sign of improvement. Buyers are struggling to get their hands on this instrument. However, as long as the price remains above 1.81 USD, purchases could be favourable. The first bullish objective would be the resistance located at 1.88 USD. Then the price could move towards 1.91 USD. Then 1.97 USD by extension. A return under the support to 1.81 USD could jeopardize this fragile bullish trend. Indecision would then be total and in this case you could keep away.

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
4.6

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 Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The ENERGY WEB TOKEN - EWT/USD price is 1.83 USD. The price registered an increase of +3.39% on the session and was traded between 1.75 USD and 1.83 USD over the period. The price is currently at +4.57% from its lowest and 0% from its highest.

1.75
1.83
1.83

A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 1H of this ENERGY WEB TOKEN - EWT/USD chart shows a slightly bullish trend. 57.14% of the signals given by moving averages are bullish. The overall trend remains fragile, as do the slightly bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour


Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour


MACD indicator is back over 0

Type : Bullish

Timeframe : 1 hour



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

From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:

Central Candlesticks

Upside gap

Type : Bullish

Timeframe : 1 hour


Bearish doji star

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.60 1.77 1.81 1.83 1.88 1.91 1.97
Change (%) -12.57% -3.28% -1.09% - +2.73% +4.37% +7.65%
Change -0.23 -0.06 -0.02 - +0.05 +0.08 +0.14
Level Intermediate Intermediate Major - Minor Intermediate Major



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
Standard1.721.741.761.781.801.821.84
Camarilla1.761.761.771.771.771.781.78
Woodie1.711.741.751.781.791.821.83
Fibonacci1.741.761.771.781.801.811.82


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.461.631.751.922.042.212.33
Camarilla1.791.821.841.871.901.921.95
Woodie1.441.621.731.912.022.202.31
Fibonacci1.631.741.811.922.032.102.21


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.051.401.581.932.112.462.64
Camarilla1.621.671.721.771.821.871.92
Woodie0.981.361.511.892.042.422.57
Fibonacci1.401.601.721.932.132.252.46

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): 70.35
MACD (12,26,9): 0.0000
Directional Movement: 35.03
AROON (14): 7.14
DEMA (21): 1.79
Parabolic SAR (0,02-0,02-0,2): 1.76
Elder Ray (13): 0.04
Super Trend (3,10): 1.79
Zig ZAG (10): 1.83
VORTEX (21): 1.1500
Stochastique (14,3,5): 76.81
TEMA (21): 1.79
Williams %R (14): 0.00
Chande Momentum Oscillator (20): 0.05
Repulse (5,40,3): 3.1400
ROCnROLL: 1
TRIX (15,9): -0.0200
Courbe Coppock: 0.77
MA7: 1.83
MA20: 1.88
MA50: 2.07
MA100: 2.57
MAexp7: 1.79
MAexp20: 1.78
MAexp50: 1.79
MAexp100: 1.80
Price / MA7: -0%
Price / MA20: -2.66%
Price / MA50: -11.59%
Price / MA100: -28.79%
Price / MAexp7: +2.23%
Price / MAexp20: +2.81%
Price / MAexp50: +2.23%
Price / MAexp100: +1.67%

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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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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