Bitcoin has fallen over 6% in mere hours after the announcement that one of the largest crypto exchanges, Binance, is being sued by the SEC. Now seems the best time for me to put in buying orders at certain support price levels. I see three Scenarios: 1.The news that SEC is suing Binance will have no short term aftereffect on the Bitcoin price. The price will...
XRP traders have accrued about $31 million in losses over the last week in trading. Traders are shedding their XRP holdings and on-chain activity has dropped since the altcoin bridged its year-to-date high on the 11th March, 2024. Technical Analysis CRYPTOCAP:XRP price is at risk of further decline as holders anticipate developments in the SEC vs. Ripple...
Couple of things to note here: USDT pair: Support on 1D and 2D GRM Triangle breakout BTC pair: Oversold on 1W (also 3D,4D,5D,6D...) Massive bullish divergence + multiple indicators flashing green Check charts below and verify for yourself
JUDGE DENIES BINANCE AND SEC PRIVACY IN LEGAL BATTLE Judge Amy Berman Jackson denied a protective order in the legal battle between Binance and the SEC, ensuring greater public scrutiny of the case. The ruling forces Binance and the SEC to manage sensitive information under public observation, altering their legal strategies. The judge’s decision balances the...
Here we go. Will this fractal play out here? Long term idea. Long XRP.
If you haven`t read my article about Binace being the new FTX: The you need to know that Binance disputes the SEC's allegations of mishandling customer funds, deceiving investors, and violating securities laws. The legal battle between Binance and the SEC has sent shockwaves through the cryptocurrency community. Binance and its affiliates assert that the SEC...
U.S. appeals court judges questioned a 2.5-year pause in a shareholder lawsuit against PG&E Corp officers and directors. The lawsuit concerns statements about the utility's wildfire prevention. A pension fund sued 44 corporate leaders in 2018. The case was paused until the end of PG&E's bankruptcy, but judges now question the need for this delay. Shareholders...
BNB (Binance Coin) may face potential downside risks as a bearish outlook looms over the cryptocurrency. The recent surge in price could be seen as a sell or short opportunity, primarily due to the ongoing lawsuit against Binance by the US Federal Reserve (FED). The FED lawsuit raises concerns about regulatory scrutiny and potential consequences for Binance,...
Traders, As suspected, a favorable ruling on XRP. Head and Shoulders target was achieved and more. I held to .75 cents and sold half for profits. The remaining balance I will hold with a breakeven stop out. Congratulations who followed me in this trade! We were able to double at least half of our trade. I have a feeling the remaining balance will do even better...
The recent developments in the cryptocurrency market, particularly the favorable court ruling for Ripple Labs, signal an optimistic start to a new altcoin season. With the federal judge ruling that some of Ripple's sales of the XRP token do not fully meet the definition of a securities offering, it instills confidence in the altcoin space. This ruling brings...
Although this is probably becoming a more 'mainstream' view, I still believe BNB has lower to go. I mainly think that shorting BNBBTC is the best expression of a negative view on BNB and Binance broadly, as I think BTC will probably go higher over the next few months. As Binance struggles with all these lawsuits and faces issues in and out of the US, its...
If you haven`t sold TRX here: Justin Sun, the CEO and founder of Tron, has been served a summons by the U.S. District Court and is required to respond within 17 days to the United States Securities and Exchange Commission's (U.S. SEC) lawsuit against him for alleged fraudulent crypto trading activity. The Southern District of New York has given Sun a deadline...
If you haven`t sold XRP here: Then you should know that it appears that XRP has reached the price target associated with the double bottom pattern, which is a significant milestone. However, the formation of a bearish pennant pattern suggests that a retracement to $0.18 may be in store. Looking forward to read your opinion about it!
Ever since XRP reached its high of $0.585 it has been trying to break higher with no cuccess. If we extend fib. levels form the top to the bottom of $0.41 we can see that the XRP has attempted to break higher tho has been rejected for the second time recently. Rejection from a .786 fib. retracement level is common as it presents a danger zone where prices if get...
The lawsuit brought against XRP by the U.S. Securities and Exchange Commission (SEC) presents significant challenges for the cryptocurrency, suggesting a potential unfavorable outcome. Several key factors contribute to the argument that XRP may lose the lawsuit: Regulatory Classification: The SEC contends that XRP should be classified as a security rather than a...
Traders, Legalized mafia (the SEC) have attacked crypto once again. But crypto remains strong, resistant, and resilient. This time will be no different. In fact, from a technical standpoint, as long as we can remain above BTC 25,200, I will be as bullish as ever. Let's take a look how the SEC's lawsuit against Binance might impact crypto. Stew
Binance and its co-founder Changpeng Zhao (CZ) were sued by the U.S. SEC on 13 different charges. The commission claimed that the defendants mixed together user funds worth billions of dollars and pointed out that the money was sent to a European company controlled by CZ. The commission stated that Binance established its U.S.-based entity, Binance.US, as a means...
Justin Sun's Deadline Approaches: 4 Days Left to Respond to SEC Lawsuit Summon Over Alleged TRX Market Manipulation! Tron (TRX) cryptocurrency founder Justin Sun has reportedly been issued a summons in the Securities and Exchange Commission (SEC) lawsuit. The SEC charged Sun with "fraudulently manipulating the secondary market for TRX through extensive wash...