ENERGY WEB TOKEN - EWT/USD - 1H - Technical analysis published on 08/29/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
39%
28%
33%
My opinion
Bearish under 1.48 USD
My targets
1.41 USD (-3.42%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 1.48 USD remains possible. It is advisable to trade ENERGY WEB TOKEN - EWT/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 1.48 USD. The next bearish objective for sellers is set at 1.41 USD. A bearish break of this support would revive the bearish momentum. PS: if there is a bullish break in the resistance located at 1.48 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
3.8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ENERGY WEB TOKEN - EWT/USD rating 1.46 USD. On the day, this instrument lost -0.68% with the lowest point at 1.44 USD and the highest point at 1.52 USD. The deviation from the price is +1.39% for the low point and -3.95% for the high point.1.44
1.52
1.46
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this ENERGY WEB TOKEN - EWT/USD chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 7 are bullish, 6 are neutral and 5 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
MACD indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 1.41 | 1.46 | 1.48 | 1.52 | 1.58 |
| Change (%) | -3.42% | - | +1.37% | +4.11% | +8.22% |
| Change | -0.05 | - | +0.02 | +0.06 | +0.12 |
| Level | Major | - | 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 | 1.33 | 1.38 | 1.42 | 1.47 | 1.51 | 1.56 | 1.60 |
| Camarilla | 1.45 | 1.45 | 1.46 | 1.47 | 1.48 | 1.49 | 1.50 |
| Woodie | 1.34 | 1.38 | 1.43 | 1.47 | 1.52 | 1.56 | 1.61 |
| Fibonacci | 1.38 | 1.41 | 1.43 | 1.47 | 1.50 | 1.52 | 1.56 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.15 | 1.27 | 1.45 | 1.57 | 1.75 | 1.87 | 2.05 |
| Camarilla | 1.55 | 1.58 | 1.60 | 1.63 | 1.66 | 1.69 | 1.71 |
| Woodie | 1.18 | 1.29 | 1.48 | 1.59 | 1.78 | 1.89 | 2.08 |
| Fibonacci | 1.27 | 1.39 | 1.46 | 1.57 | 1.69 | 1.76 | 1.87 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.25 | 1.50 | 1.63 | 1.88 | 2.01 | 2.26 | 2.39 |
| Camarilla | 1.67 | 1.70 | 1.74 | 1.77 | 1.81 | 1.84 | 1.88 |
| Woodie | 1.20 | 1.47 | 1.58 | 1.85 | 1.96 | 2.23 | 2.34 |
| Fibonacci | 1.50 | 1.64 | 1.73 | 1.88 | 2.02 | 2.11 | 2.26 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 47.55 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 15.67 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 1.46 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.52 | |
| Elder Ray (13): | -0.01 | |
| Super Trend (3,10): | 1.42 | |
| Zig ZAG (10): | 1.46 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 25.33 | |
| TEMA (21): | 1.47 | |
| Williams %R (14): | -75.00 | |
| Chande Momentum Oscillator (20): | 0.02 | |
| Repulse (5,40,3): | -1.0100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 1.95 |
| MA7: | 1.53 | |
| MA20: | 1.53 | |
| MA50: | 1.70 | |
| MA100: | 2.17 | |
| MAexp7: | 1.46 | |
| MAexp20: | 1.46 | |
| MAexp50: | 1.47 | |
| MAexp100: | 1.50 | |
| Price / MA7: | -4.58% | |
| Price / MA20: | -4.58% | |
| Price / MA50: | -14.12% | |
| Price / MA100: | -32.72% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -0% | |
| Price / MAexp50: | -0.68% | |
| Price / MAexp100: | -2.67% |
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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