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 Weekly Analysis: ETH/USD Near Make-or-Break Levels

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Key Highlights

  • ETH price declined recently below the $200 level before buyers emerged near $196 against the US Dollar.
  • There is a major bullish trend line with support at $201 on the 4-hours chart of ETH/USD (data feed via Kraken).
  • The pair must clear the $207 hurdle and the 100 simple moving average (4-hours) to gain momentum.

Ethereum price is trading near crucial levels versus the US Dollar and Bitcoin. ETH/USD must surpass the $207 and $214 levels to gain upside momentum.

Ethereum Price Analysis

This past week, there was a slow and steady decline below the $215 level in ETH price against the US Dollar. The ETH/USD pair even traded below the $200 support and settled below the 100 simple moving average (4-hours). The price traded as low as $196 and later started an upside correction. It traded above the $200 level and recovered more than 2%.

During the climb, it broke the 23.6% Fib retracement level of the recent decline from the $219 high to $196 low. However, there is a strong resistance formed near $207 and the 100 simple moving average (4-hours). There were a couple of rejections near $207-208 and it may continue to prevent gains. It also represents the 50% Fib retracement level of the recent decline from the $219 high to $196 low. Therefore, a successful close above the $207 level and the 100 simple moving average (4-hours) is needed for more gains in the near term.

The above chart indicates that ETH price is trading near crucial levels with support near $201. There is also a major bullish trend line with support at $201 on the same chart. Therefore, the price may soon make the next move either above $207-208 or below $201. Above $208, the price is likely to test the next key resistance at $214.

4-hours MACD – The MACD is slightly placed in the bullish zone.

4-hours RSI – The RSI is currently near the 55 level.

Major Support Level – $201

Major Resistance Level – $207

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