ENERGY WEB TOKEN - EWT/USD - 1H - Technical analysis published on 10/01/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
17%
78%
6%
My opinion
Bearish under 1.41 USD
My targets
1.35 USD (-1.46%)
1.31 USD (-4.38%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ENERGY WEB TOKEN - EWT/USD as long as the price remains well below 1.41 USD. The next bearish objective for sellers is set at 1.35 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.31 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 over sold items that could be a sign of a short-term correction.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.5
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:
Additional analysis
Quotes
The ENERGY WEB TOKEN - EWT/USD rating is 1.37 USD. The price is lower by -1.44% since the last closing and was between 1.34 USD and 1.39 USD. This implies that the price is at +2.24% from its lowest and at -1.44% from its highest.1.34
1.39
1.37
A study of price movements over other periods shows the following variations:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of ENERGY WEB TOKEN - EWT/USD indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | R1 | Price | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 1.31 | 1.35 | 1.37 | 1.37 | 1.41 | 1.46 |
| Change (%) | -4.38% | -1.46% | 0% | - | +2.92% | +6.57% |
| Change | -0.06 | -0.02 | 0 | - | +0.04 | +0.09 |
| Level | Intermediate | Minor | Minor | - | Major | Minor |
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 | 1.32 | 1.34 | 1.37 | 1.39 | 1.42 | 1.44 | 1.47 |
| Camarilla | 1.38 | 1.38 | 1.39 | 1.39 | 1.40 | 1.40 | 1.40 |
| Woodie | 1.32 | 1.34 | 1.37 | 1.39 | 1.42 | 1.44 | 1.47 |
| Fibonacci | 1.34 | 1.36 | 1.37 | 1.39 | 1.41 | 1.42 | 1.44 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.11 | 1.21 | 1.30 | 1.40 | 1.49 | 1.59 | 1.68 |
| Camarilla | 1.34 | 1.36 | 1.37 | 1.39 | 1.41 | 1.43 | 1.44 |
| Woodie | 1.11 | 1.21 | 1.30 | 1.40 | 1.49 | 1.59 | 1.68 |
| Fibonacci | 1.21 | 1.28 | 1.33 | 1.40 | 1.47 | 1.52 | 1.59 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.67 | 0.97 | 1.18 | 1.48 | 1.69 | 1.99 | 2.20 |
| Camarilla | 1.25 | 1.30 | 1.34 | 1.39 | 1.44 | 1.48 | 1.53 |
| Woodie | 0.63 | 0.95 | 1.14 | 1.46 | 1.65 | 1.97 | 2.16 |
| Fibonacci | 0.97 | 1.17 | 1.29 | 1.48 | 1.68 | 1.80 | 1.99 |
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): | 34.83 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | -38.93 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 1.38 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.39 | |
| Elder Ray (13): | -0.02 | |
| Super Trend (3,10): | 1.39 | |
| Zig ZAG (10): | 1.36 | |
| VORTEX (21): | 0.7600 | |
| Stochastique (14,3,5): | 30.59 | |
| TEMA (21): | 1.37 | |
| Williams %R (14): | -57.69 | |
| Chande Momentum Oscillator (20): | -0.03 | |
| Repulse (5,40,3): | 1.0100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 3.13 |
| MA7: | 1.40 | |
| MA20: | 1.40 | |
| MA50: | 1.45 | |
| MA100: | 1.68 | |
| MAexp7: | 1.37 | |
| MAexp20: | 1.38 | |
| MAexp50: | 1.39 | |
| MAexp100: | 1.40 | |
| Price / MA7: | -2.14% | |
| Price / MA20: | -2.14% | |
| Price / MA50: | -5.52% | |
| Price / MA100: | -18.45% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -0.72% | |
| Price / MAexp50: | -1.44% | |
| Price / MAexp100: | -2.14% |
Quotes :
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Real time data
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