The Psychedelic Paintings of Yu Maeda

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Hình ảnh
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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Cardano Price Analysis: ADA/USD Sellers Remain in Control Below $0.12

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Key Highlights

  • ADA price extended declines and traded to a new monthly low at $0.1070 against the US Dollar (tethered).
  • There is a crucial bearish trend line formed with resistance near $0.1170 on the hourly chart of the ADA/USD pair (data feed via Bittrex).
  • The pair could drop further if buyers fail to push the price above $0.1170 and $0.1200.

Cardano price is facing an uphill task against the US Dollar and Bitcoin. ADA/USD remains at a risk of more losses below the $0.1100 level in the near term.

Cardano Price Analysis

After a short-term correction, cardano price failed to move above the $0.1250 resistance against the US Dollar.  The ADA/USD pair topped near the $0.1270 level and started a fresh downside move. It declined sharply and broke the $0.1100 support. A new monthly low was formed at $0.1070 and later the price started trading in a range. It broke the 23.6% Fib retracement level of the last slide from the $0.1267 high to $0.1070 low.

However, it seems like the price struggled to break the $0.1150 level and the 100 hourly simple moving average. Moreover, the 38.2% Fib retracement level of the last slide from the $0.1267 high to $0.1070 low also acted as a resistance. The price is currently trading in a tight range above the $0.1100 level. On the upside, there is a crucial bearish trend line formed with resistance near $0.1170 on the hourly chart of the ADA/USD pair. The pair has to move past the trend line, the 100 hourly SMA, and the $0.1200 resistance to gain upside momentum.

The chart indicates that ADA price may struggle to break $0.1200. If sellers gain traction, there is a chance of more declines below the $0.1070 low. In this case, the price could even test the $0.1000 level in the near term.

Hourly MACD – The MACD for ADA/USD is slightly moving in the bearish zone.

Hourly RSI – The RSI for ADA/USD is currently just below the 50 level.

Major Support Level – $0.1070

Major Resistance Level – $0.1200

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