ENERGY WEB TOKEN - EWT/USD - 1H - Technical analysis published on 08/22/2024 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
39%
11%
50%
My opinion
Bullish above 1.61 USD
My targets
1.72 USD (+4.42%)
1.80 USD (+8.91%)
My analysis
ENERGY WEB TOKEN - EWT/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1.61 USD. The next resistance located at 1.72 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.80 USD. After this resistance, buyers could then target 1.96 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.8
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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 price is 1.65 USD. The price registered an increase of +10.00% on the session with the lowest point at 1.50 USD and the highest point at 1.69 USD. The deviation from the price is +10.00% for the low point and -2.37% for the high point.1.50
1.69
1.65
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 1H chart of ENERGY WEB TOKEN - EWT/USD indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a slightly bullish signal.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
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:
Near support of triangle
Type : Bullish
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.54 | 1.58 | 1.61 | 1.65 | 1.96 | 2.46 | 2.92 |
| Change (%) | -6.67% | -4.24% | -2.42% | - | +18.79% | +49.09% | +76.97% |
| Change | -0.11 | -0.07 | -0.04 | - | +0.31 | +0.81 | +1.27 |
| Level | Minor | Minor | Intermediate | - | Minor | Minor | Major |
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 | 1.44 | 1.46 | 1.48 | 1.50 | 1.52 | 1.54 | 1.56 |
| Camarilla | 1.49 | 1.49 | 1.50 | 1.50 | 1.50 | 1.51 | 1.51 |
| Woodie | 1.44 | 1.46 | 1.48 | 1.50 | 1.52 | 1.54 | 1.56 |
| Fibonacci | 1.46 | 1.48 | 1.49 | 1.50 | 1.52 | 1.53 | 1.54 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.14 | 1.28 | 1.36 | 1.50 | 1.58 | 1.72 | 1.80 |
| Camarilla | 1.37 | 1.39 | 1.41 | 1.43 | 1.45 | 1.47 | 1.49 |
| Woodie | 1.10 | 1.27 | 1.32 | 1.49 | 1.54 | 1.71 | 1.76 |
| Fibonacci | 1.28 | 1.37 | 1.42 | 1.50 | 1.59 | 1.64 | 1.72 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.11 | 1.42 | 1.60 | 1.91 | 2.09 | 2.40 | 2.58 |
| Camarilla | 1.64 | 1.68 | 1.73 | 1.77 | 1.82 | 1.86 | 1.91 |
| Woodie | 1.04 | 1.39 | 1.53 | 1.88 | 2.02 | 2.37 | 2.51 |
| Fibonacci | 1.42 | 1.61 | 1.73 | 1.91 | 2.10 | 2.22 | 2.40 |
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): | 52.85 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 2.60 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 1.53 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.54 | |
| Elder Ray (13): | 0 | |
| Super Trend (3,10): | 1.50 | |
| Zig ZAG (10): | 1.53 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 53.33 | |
| TEMA (21): | 1.53 | |
| Williams %R (14): | -50.91 | |
| Chande Momentum Oscillator (20): | -0.01 | |
| Repulse (5,40,3): | 0.1500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 0.30 |
| MA7: | 1.48 | |
| MA20: | 1.56 | |
| MA50: | 1.76 | |
| MA100: | 2.30 | |
| MAexp7: | 1.53 | |
| MAexp20: | 1.52 | |
| MAexp50: | 1.51 | |
| MAexp100: | 1.51 | |
| Price / MA7: | +11.49% | |
| Price / MA20: | +5.77% | |
| Price / MA50: | -6.25% | |
| Price / MA100: | -28.26% | |
| Price / MAexp7: | +7.84% | |
| Price / MAexp20: | +8.55% | |
| Price / MAexp50: | +9.27% | |
| Price / MAexp100: | +9.27% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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