The native token of Energy Web Token is EWT
At the time of writing, EWT is being traded at the rate of $10.40 with an increase of almost 8.85% within the last 24 hours.
The low within this tenure was around $9.11 and the high was approximately $10.67. The coin as being in the watchlist of many traders makes it rank all the way up to number 174th according to the latest data released by coin market cap.
EWT during the month of April approached its new All-time High around the price of $23.5. The trading volume today on the other hand has increased by almost 115.75%.
The top exchanges for trading EWT are currently Kucoin, Gate.io, Kraken
Technical Analysis – Energy Web Token (EWT)
EWT has quite an indecisive chart currently at the moment. We can see that the price before was coming down and creating lower lows. The price of EWT went up to create higher highs and higher lows. The price then created the highest point. This was the position when it failed to continue the trend and it started to fall down.
The price started to fall vigorously down and with a wick down grabbed all the liquidity presented at the bottom. After this, the price continued the trend and dropped to the wick. This was the point when it showed reversal. During this reversal, the price created a daily order block as it broke the last structure.
After this, the price of EWT started to constraint itself as it went on to create a triangle. Now even though an equal triangle has the possibility of breaking out to even sides but the presence of an order block has given a weightage to the drop of the price.
Now during the changing of the price, we need to take into account lower time confirmations to have a cleaner entry in the market as it is very indecisive.
Price Prediction – Energy Web Token
EWT has been one of the slow gainers in the market. The price is still way low as compared to the all-time high. According to wallet investor, the price of EWT is to reach a value of $11.228 in a year. For five year plan, wallet investors think that the price is to reach a value of $17.973. This means that EWT is considered a good investment.
