ENERGY WEB TOKEN - EWT/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	EWTUSD
ISIN:

ENERGY WEB TOKEN - EWT/USD - 1H - Technical analysis published on 03/25/2024 (GMT)

Londinia

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!

Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

33%

22%

44%

My opinion

Bearish under 2.49 USD

My targets

2.43 USD (-1.62%)

2.36 USD (-4.45%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on ENERGY WEB TOKEN - EWT/USD. As long as you are under the resistance located at 2.49 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 2.43 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 2.36 USD as an objective. Crossing it would then enable sellers to target 2.26 USD. If the resistance 2.49 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

2.3

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 price is 2.47 USD. The price registered a decrease of -0.40% on the session and was between 2.45 USD and 2.52 USD. This implies that the price is at +0.82% from its lowest and at -1.98% from its highest.

2.45

2.52

2.47

Here is a more detailed summary of the historical variations registered by ENERGY WEB TOKEN - EWT/USD:

The Central Volumes scanner detects abnormal volumes on the asset:

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. The signals given by moving averages are 67.86% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:

Moving Average bullish crossovers : MA20 & MA50

Type : Bullish

Timeframe : 1 hour

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 1 hour

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:

MACD indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

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

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : 1 hour

Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bearish signals that could support the hypothesis of a small drop in the very short term:

Bearish harami

Type : Bearish

Timeframe : 1 hour

Bearish harami cross

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.26	2.36	2.43	2.47	2.49	2.57	2.63
Change (%)	-8.50%	-4.45%	-1.62%	-	+0.81%	+4.05%	+6.48%
Change	-0.21	-0.11	-0.04	-	+0.02	+0.10	+0.16
Level	Minor	Minor	Intermediate	-	Major	Minor	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	2.34	2.37	2.43	2.46	2.52	2.55	2.61
Camarilla	2.46	2.46	2.47	2.48	2.49	2.50	2.51
Woodie	2.35	2.38	2.44	2.47	2.53	2.56	2.62
Fibonacci	2.37	2.41	2.43	2.46	2.50	2.52	2.55

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.72	1.97	2.22	2.47	2.72	2.97	3.22
Camarilla	2.34	2.39	2.43	2.48	2.53	2.57	2.62
Woodie	1.73	1.97	2.23	2.47	2.73	2.97	3.23
Fibonacci	1.97	2.16	2.28	2.47	2.66	2.78	2.97

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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	49.98
MACD (12,26,9):	0.0000
Directional Movement:	0.61
AROON (14):	92.86
DEMA (21):	2.47
Parabolic SAR (0,02-0,02-0,2):	2.52
Elder Ray (13):	0.01
Super Trend (3,10):	2.44
Zig ZAG (10):	2.47
VORTEX (21):	1.0200
Stochastique (14,3,5):	58.41
TEMA (21):	2.49
Williams %R (14):	-45.54
Chande Momentum Oscillator (20):	-0.01
Repulse (5,40,3):	-0.5000
ROCnROLL:	2
TRIX (15,9):	0.0100
Courbe Coppock:	3.12

MA7:	2.49
MA20:	2.59
MA50:	2.48
MA100:	2.42
MAexp7:	2.48
MAexp20:	2.47
MAexp50:	2.48
MAexp100:	2.49
Price / MA7:	-0.80%
Price / MA20:	-4.63%
Price / MA50:	-0.40%
Price / MA100:	+2.07%
Price / MAexp7:	-0.40%
Price / MAexp20:	-0%
Price / MAexp50:	-0.40%
Price / MAexp100:	-0.80%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia AI

Online

Overall rating :

15124

Number of analyses :

75233

Followers :

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…