|$ETH Price Change|
The number of Bitcoin ATMs doubled to 4,000 in 2018, continuing a 3 year trend of 100% year over year growth. pic.twitter.com/mfYDxxkT1l
— Jameson Lopp (@lopp) December 29, 2018
The Ethereum three day trend is up. After a nine day Christmas Rally which started on December 15 2018 $BTC nosed downwards – and ether slid with it on December 24 2018. Ether dipped again on the 26th but the three days since has shown upwards price movement.
[Trend is "up" when the three day price movement is predominantly upwards.]
Real Time Market Depth
[The real time market depth is a fractional representation of the order book, used to assist in determining market direction.]
Tap / click to zoom:
Ether showed strong upwards moves during five 4 hour sessions late on the evening of the 27th. A later spike pushed a session high to $145.42 at noon on the 29th for a four hour session scope of $13.42. The high did not hold and the candlestick pattern shows bulls testing $ETH resistance as ether climbs higher.
The up trend scenario of today and ether (report generation) last price of $135.68 contrasts starkly against this month’s – and this year’s – December 15 2018 low of $81.79.
Moving Average Convergence Divergence (MACD)
The MACD on the four hour chart is bullish. The last thirteen 4 hour sessions have all been bullish.
Exponential Moving Averages (EMA)
The short term EMA(7) is above both the medium EMA(25) and long term EMA(99). The four hour chart shows the EMA(7) gently sloping up. This is a bullish state.
The one hour chart shows EMA(7) leveling out with a slightly nosing down angle. This one hour look is neutral to very slightly bearish.
Relative Strength Index (RSI)
The Relative Strength Index on the four hour chart is 59.2. This is a neutral state.
There’s room to move either way.
Bitcoin $BTC Price Modifier
The 24 hour Bitcoin $BTC change is -0.19%. This may exert a neutral influence on Ethereum today.
Ethereum $ETH Price Outlook
- the Ethereum $ETH price outlook is slightly bullish
- if the price finds acceptance at higher levels the major resistance prints at 137
- if the price finds acceptance at lower levels the major support prints at 113
Analysis Duration: four hours
This report is for a short term duration of four hours. Analysis is time sensitive.
The author does not hold Ethereum $ETH at the time of writing.
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