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 Classic Price Analysis: Can ETC/USD Hold The $10.00 Support?

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Key Highlights

  • Ethereum classic price tumbled and broke the $12.50 and $11.20 support levels against the US dollar.
  • There is a key connecting bearish trend line forming with resistance at $11.30 on the hourly chart of the ETC/USD pair (Data feed via Kraken).
  • The pair is slowly correcting higher towards the $11.00 and $11.30 resistance levels.

Ethereum classic price made a sharp U-turn against the US Dollar and Bitcoin. ETC/USD broke the $12.50 support and is currently at risk of clearing $10.00.

Ethereum Classic Price Support

It seems like ETC price was rejected from well above the $14.00 level against the US dollar. The ETC/USD pair traded and consolidated above the $12.50 support for some time. However, sellers had the upper hand as they succeeded in clearing the $12.50 support. The price declined sharply below the $12.00 and $11.50 levels. The decline was such that the price even broke the $11.20 and $10.50 support levels.

A new monthly low was formed at $10.11 and the price is currently correcting higher. It is testing the 23.6% Fib retracement level of the last drop from the $13.43 high to $10.11 low. There is also a key connecting bearish trend line forming with resistance at $11.30 on the hourly chart of the ETC/USD pair. Above the trend line, the next important resistance is near $11.80. It represents the 50% Fib retracement level of the last drop from the $13.43 high to $10.11 low. On the downside, the $10.00 support zone holds a lot of significance.

The chart suggests that ETC price may correct a few points towards $11.50-12.00 zone. However, if buyers fail to take control above $11.20, the price may decline further. In the mentioned case, ETC could even break the $10.00 handle to test the $9.25 support.

Hourly MACD – The MACD for ETC/USD is placed heavily in the bullish zone.

Hourly RSI – The RSI for ETC/USD is now well below the 30 level.

Major Support Level – $10.00

Major Resistance Level – $11.80

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