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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Bitcoin Cash Price Analysis: Upsides In BCH/USD Capped Near $445

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Key Points

  • Bitcoin cash price declined after it failed to break the $445-450 resistance against the US Dollar.
  • There is a connecting bearish trend line in place with resistance at $442 on the hourly chart of the BCH/USD pair (data feed from Kraken).
  • The pair must stay above the $430-435 area to avoid a downside break towards $400.

Bitcoin cash price is under pressure below $445 against the US Dollar. BCH/USD may continue to face sellers near the $440-450 resistance zone.

Bitcoin Cash Price Analysis

During the past few days, there were multiple rejections near the $440 and $450 levels in bitcoin cash price against the US Dollar. The BCH/USD pair failed to gain momentum above $450 and remained in a bearish zone. The recent swing high was $445 and the price dipped below the $440 level. The price is currently trading well below the $440 level and the 100 hourly simple moving average.

It tested the $434 support area, which is acting as a strong buy zone. The price may bounce back above $438, but there are many hurdles on the upside. An initial resistance is the 23.6% Fib retracement level of the recent decline from the $445 high to $434 low. Additionally, there is a connecting bearish trend line in place with resistance at $442 on the hourly chart of the BCH/USD pair. The 50% Fib retracement level of the recent decline from the $445 high to $434 low is just below the trend line. More importantly, the 100 hourly SMA is near the $442 level. Therefore, if the price corrects higher, it could face a strong resistance near the $440-442 zone.

Looking at the chart, BCH price is also at a risk of a downside break below the $432-434 area. The next main support is at $425, followed by $400.

Looking at the technical indicators:

Hourly MACD – The MACD for BCH/USD is back in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BCH/USD is currently near the 40 level.

Major Support Level – $434

Major Resistance Level – $442

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