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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Ethereum Price Analysis: ETH/USD Recovering Towards $230

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Key Highlights

  • ETH price found support near the $213-214 zone after yesterday’s decline against the US Dollar.
  • There was a break above a key bearish trend line with resistance at $221 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair is currently trading with a positive bias above the $218 and $220 levels.

Ethereum price is slowly recovering against the US Dollar and bitcoin. ETH/USD is likely to correct further higher towards the $230 level in the near term.

Ethereum Price Analysis

Yesterday, we saw a major downside move below $220 in ETH price against the US Dollar. The ETH/USD pair even broke the $218 level and traded towards the $213-214 support zone. A low was formed near $214 and later the price started an upward move. There was a break above the $218 resistance and the 23.6% Fib retracement level of the recent decline from the $239 high to $214 low.

More importantly, there was a break above a key bearish trend line with resistance at $221 on the hourly chart of ETH/USD. The pair is now trading near the $224 level and the 100 hourly simple moving average. In the short term, there could be a minor downside move towards the $221 level and the broken trend line. On the upside, the next key resistance is at $226. It represents the 50% Fib retracement level of the recent decline from the $239 high to $214 low. Above this, the next hurdle for buyers is near the $229-230 zone. On the downside, the $221 level is a decent support, followed by the $218 level.

Looking at the chart, ETH price is showing positive signs above the $218 level. As long as the price is trading above $218, there could be more recoveries towards $229-230 resistance zone.

Hourly MACD – The MACD is gaining momentum in the bullish zone.

Hourly RSI – The RSI is now placed well above the 50 level.

Major Support Level – $218

Major Resistance Level – $230

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