ENERGY WEB TOKEN - EWT/USD

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- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	EWTUSD
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ENERGY WEB TOKEN - EWT/USD - 1H - Technical analysis published on 05/06/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

50%

17%

33%

My opinion

Bullish above 2.78 USD

My targets

3.00 USD (+2.74%)

3.40 USD (+16.54%)

My analysis

The basic bullish trend is very strong on ENERGY WEB TOKEN - EWT/USD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 2.78 USD. Crossing the first resistance at 3.00 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 3.40 USD as an objective. Crossing it would then enable buyers to target 5.09 USD. Caution, a return to below 2.78 USD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

6.4

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 2.92 USD. On the day, this instrument lost -0.34% with the lowest point at 2.89 USD and the highest point at 2.94 USD. The deviation from the price is +1.04% for the low point and -0.68% for the high point.

2.89

2.94

2.92

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

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this ENERGY WEB TOKEN - EWT/USD chart shows a strongly bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

MACD indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

The Central Indicators scanner found no further results concerning independent technical indicators.

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

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.63	2.78	2.92	2.92	3.00	5.09	8.19
Change (%)	-9.93%	-4.79%	0%	-	+2.74%	+74.32%	+180.48%
Change	-0.29	-0.14	0	-	+0.08	+2.17	+5.27
Level	Intermediate	Intermediate	Major	-	Minor	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	2.57	2.67	2.80	2.90	3.03	3.13	3.26
Camarilla	2.87	2.89	2.91	2.93	2.95	2.97	2.99
Woodie	2.59	2.68	2.82	2.91	3.05	3.14	3.28
Fibonacci	2.67	2.76	2.81	2.90	2.99	3.04	3.13

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.77	2.04	2.45	2.72	3.13	3.40	3.81
Camarilla	2.66	2.73	2.79	2.85	2.91	2.98	3.04
Woodie	1.83	2.08	2.51	2.76	3.19	3.44	3.87
Fibonacci	2.04	2.30	2.46	2.72	2.98	3.14	3.40

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.66	1.21	1.89	2.44	3.12	3.67	4.35
Camarilla	2.22	2.34	2.45	2.56	2.67	2.79	2.90
Woodie	0.72	1.24	1.95	2.47	3.18	3.70	4.41
Fibonacci	1.21	1.68	1.97	2.44	2.91	3.20	3.67

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):	55.09
MACD (12,26,9):	0.0200
Directional Movement:	-0.77
AROON (14):	21.43
DEMA (21):	2.93
Parabolic SAR (0,02-0,02-0,2):	2.84
Elder Ray (13):	0.02
Super Trend (3,10):	2.84
Zig ZAG (10):	2.92
VORTEX (21):	1.0800
Stochastique (14,3,5):	71.38
TEMA (21):	2.93
Williams %R (14):	-41.57
Chande Momentum Oscillator (20):	0.02
Repulse (5,40,3):	-0.0300
ROCnROLL:	1
TRIX (15,9):	0.1000
Courbe Coppock:	1.49

MA7:	2.77
MA20:	2.46
MA50:	2.37
MA100:	2.39
MAexp7:	2.92
MAexp20:	2.90
MAexp50:	2.86
MAexp100:	2.80
Price / MA7:	+5.42%
Price / MA20:	+18.70%
Price / MA50:	+23.21%
Price / MA100:	+22.18%
Price / MAexp7:	-0%
Price / MAexp20:	+0.69%
Price / MAexp50:	+2.10%
Price / MAexp100:	+4.29%

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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