ENERGY WEB TOKEN - EWT/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	EWTUSD
ISIN:

ENERGY WEB TOKEN - EWT/USD - 1H - Technical analysis published on 03/15/2024 (GMT)

Timeframe : 1H
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bearish

Technical indicators

67%

33%

My opinion

Neutral between 2.68 USD and 2.78 USD

My targets

My analysis

The current short-term bullish thrust is in contrast to the bearish trend. ENERGY WEB TOKEN - EWT/USD is apparently trying to reverse the trend. The return to a neutral and then bullish trend should not be long in coming if the current rebound continues. What is currently happening on ENERGY WEB TOKEN - EWT/USD essentials for the price to rebound like this? In such a situation, it would be possible to stay away from ENERGY WEB TOKEN - EWT/USD or not try to counterbalance this current rebound in the short term. If there is a purchase, the buyers could use the resistance located at 2.78 USD as an objective. Buyers would then use the next resistance located at 2.93 USD as an objective. Crossing it would then enable buyers to target 3.23 USD. Attention should be paid to the price reaction at the start of the resistance as trend traders may consider resuming sales if the basic trend has not been able to ease or if the short term has itself become excessive.

In the very short term, technical indicators are bullish and could soon allow change to a bullish sentiment.

Comment on the analysis

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 2.71 USD. The price registered an increase of +1.50% on the session and was traded between 2.38 USD and 2.74 USD over the period. The price is currently at +13.87% from its lowest and -1.09% from its highest.

2.38

2.74

2.71

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

A technical analysis in 1H of this ENERGY WEB TOKEN - EWT/USD chart shows a bearish trend. 64.29% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that the overall trend could quickly run out of steam. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour

In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

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:

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.49	2.56	2.68	2.71	2.78	2.93	3.23
Change (%)	-8.12%	-5.54%	-1.11%	-	+2.58%	+8.12%	+19.19%
Change	-0.22	-0.15	-0.03	-	+0.07	+0.22	+0.52
Level	Intermediate	Major	Intermediate	-	Intermediate	Major	Minor

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
Standard	2.31	2.44	2.55	2.68	2.79	2.92	3.03
Camarilla	2.60	2.63	2.65	2.67	2.69	2.71	2.74
Woodie	2.31	2.44	2.55	2.68	2.79	2.92	3.03
Fibonacci	2.44	2.53	2.59	2.68	2.77	2.83	2.92

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.75	2.01	2.45	2.71	3.15	3.41	3.85
Camarilla	2.70	2.76	2.83	2.89	2.95	3.02	3.08
Woodie	1.84	2.06	2.54	2.76	3.24	3.46	3.94
Fibonacci	2.01	2.28	2.44	2.71	2.98	3.14	3.41

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.01	1.48	1.97	2.44	2.93	3.40	3.89
Camarilla	2.19	2.27	2.36	2.45	2.54	2.63	2.71
Woodie	1.01	1.49	1.97	2.45	2.93	3.41	3.89
Fibonacci	1.48	1.85	2.08	2.44	2.81	3.04	3.40

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):	56.61
MACD (12,26,9):	-0.0100
Directional Movement:	-4.72
AROON (14):	28.57
DEMA (21):	2.61
Parabolic SAR (0,02-0,02-0,2):	2.42
Elder Ray (13):	0.05
Super Trend (3,10):	2.51
Zig ZAG (10):	2.70
VORTEX (21):	1.0400
Stochastique (14,3,5):	87.52
TEMA (21):	2.64
Williams %R (14):	-12.01
Chande Momentum Oscillator (20):	0.13
Repulse (5,40,3):	3.5900
ROCnROLL:	-1
TRIX (15,9):	-0.1700
Courbe Coppock:	0.82

MA7:	2.81
MA20:	2.64
MA50:	2.40
MA100:	2.43
MAexp7:	2.65
MAexp20:	2.63
MAexp50:	2.68
MAexp100:	2.72
Price / MA7:	-3.56%
Price / MA20:	+2.65%
Price / MA50:	+12.92%
Price / MA100:	+11.52%
Price / MAexp7:	+2.26%
Price / MAexp20:	+3.04%
Price / MAexp50:	+1.12%
Price / MAexp100:	-0.37%

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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Londinia AI

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