ENERGY WEB TOKEN - EWT/USD - 1H - Technical analysis published on 07/26/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 1.91 USD
My targets
1.80 USD (-1.64%)
1.71 USD (-6.39%)
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 1.91 USD. The next bearish objective for sellers is set at 1.80 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.71 USD. If there is any crossing, the next objective would be the support located at 1.60 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
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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 1.83 USD. The price registered a decrease of -0.54% on the session and was traded between 1.81 USD and 1.84 USD over the period. The price is currently at +1.10% from its lowest and -0.54% from its highest.1.81
1.84
1.83
A study of price movements over other periods shows the following variations:
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
Technical analysis of this 1H chart of ENERGY WEB TOKEN - EWT/USD indicates that the overall trend is strongly bearish. The signals given by moving averages are 85.71% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.60 | 1.80 | 1.83 | 1.83 | 1.91 | 1.97 | 2.09 |
| Change (%) | -12.57% | -1.64% | 0% | - | +4.37% | +7.65% | +14.21% |
| Change | -0.23 | -0.03 | 0 | - | +0.08 | +0.14 | +0.26 |
| Level | Intermediate | Intermediate | Minor | - | 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 | 1.68 | 1.74 | 1.79 | 1.85 | 1.90 | 1.96 | 2.01 |
| Camarilla | 1.81 | 1.82 | 1.83 | 1.84 | 1.85 | 1.86 | 1.87 |
| Woodie | 1.68 | 1.74 | 1.79 | 1.85 | 1.90 | 1.96 | 2.01 |
| Fibonacci | 1.74 | 1.78 | 1.81 | 1.85 | 1.89 | 1.92 | 1.96 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.39 | 1.60 | 1.71 | 1.92 | 2.03 | 2.24 | 2.35 |
| Camarilla | 1.74 | 1.77 | 1.80 | 1.83 | 1.86 | 1.89 | 1.92 |
| Woodie | 1.35 | 1.58 | 1.67 | 1.90 | 1.99 | 2.22 | 2.31 |
| Fibonacci | 1.60 | 1.72 | 1.79 | 1.92 | 2.04 | 2.11 | 2.24 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.69 | 1.40 | 1.76 | 2.47 | 2.83 | 3.54 | 3.90 |
| Camarilla | 1.83 | 1.92 | 2.02 | 2.12 | 2.22 | 2.32 | 2.41 |
| Woodie | 0.52 | 1.31 | 1.59 | 2.38 | 2.66 | 3.45 | 3.73 |
| Fibonacci | 1.40 | 1.81 | 2.06 | 2.47 | 2.88 | 3.13 | 3.54 |
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): | 44.47 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | -0.72 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 1.84 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.89 | |
| Elder Ray (13): | -0.02 | |
| Super Trend (3,10): | 1.90 | |
| Zig ZAG (10): | 1.83 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 12.19 | |
| TEMA (21): | 1.83 | |
| Williams %R (14): | -81.72 | |
| Chande Momentum Oscillator (20): | -0.05 | |
| Repulse (5,40,3): | -1.2500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 3.50 |
| MA7: | 1.85 | |
| MA20: | 1.91 | |
| MA50: | 2.18 | |
| MA100: | 2.59 | |
| MAexp7: | 1.84 | |
| MAexp20: | 1.85 | |
| MAexp50: | 1.86 | |
| MAexp100: | 1.87 | |
| Price / MA7: | -1.08% | |
| Price / MA20: | -4.19% | |
| Price / MA50: | -16.06% | |
| Price / MA100: | -29.34% | |
| Price / MAexp7: | -0.54% | |
| Price / MAexp20: | -1.08% | |
| Price / MAexp50: | -1.61% | |
| Price / MAexp100: | -2.14% |
Quotes :
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Real time data
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