The Psychedelic Paintings of Yu Maeda

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The psychedelic work of Yu Maeda mix creatures, shifting views, and touches of the artist’s expertise in graphic design. Born in Kumamoto, Japan, and at the moment based mostly in Southern California, the artist combines influences from the entire fields he’s touched, together with animation. A few of his extra symmetrical works resemble Tibetan Buddhist mandalas, whereas others tackle a extra portrait-style have a look at his monsters. Extra Supply hyperlink from WordPress https://ift.tt/2OkGLyn via IFTTT
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Ripple Price Analysis: XRP/USD Turned Short-term Bullish above $0.2660

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Key Highlights

  • Ripple price corrected higher recently and broke the $0.2660 and $0.2800 resistances against the US dollar.
  • There is a new connecting bearish trend line formed with resistance at $0.3010 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair is currently below the 100 hourly SMA, but it remains supported near $0.2660.

Ripple price is showing a few positive signs against the US Dollar and Bitcoin. XRP/USD must stay above $0.2660 to recover further above $0.3000 in the near term.

Ripple Price Support

Yesterday, a decent upside move kicked off and Ripple price moved above the $0.2660 resistance against the US Dollar. The XRP/USD pair even broke the $0.2800 and $0.2850 resistance levels to set the pace for more gains. However, the $0.3000 resistance acted as a major hurdle for buyers. The price failed to settle above $0.3000 and formed a high at $0.3029. Later, it corrected lower below the 23.6% Fib retracement level of the last wave from the $0.2472 low to $0.3029 high.

Moreover, there was a close below $0.2900 and the 100 hourly simple moving average. On the downside, an initial support is near the $0.2751 level. It represents the 50% Fib retracement level of the last wave from the $0.2472 low to $0.3029 high. However, the most important support is near the $0.2660 level, which is a pivot zone. As long as the price is above $0.2660, it could move higher. On the upside, an initial resistance is near $0.2880 and the 100 hourly SMA. Moreover, there is a new connecting bearish trend line formed with resistance at $0.3010 on the hourly chart of the XRP/USD pair.

Looking at the chart, ripple is still supported and it may perhaps make another attempt to move past $0.2900 and $0.3000 in the near term.

Looking at the technical indicators:

Hourly MACD – The MACD for XRP/USD is about to move back in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is flat around the 50 level.

Major Support Level – $0.2660

Major Resistance Level – $0.3000

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