Cboe Revives Binary Options to Capture Booming Prediction Market
- Strategic Shift: Cboe Global Markets is considering the reintroduction of binary options for retail investors, aiming to directly respond to the rapid growth of prediction markets, which is expected to attract more investor participation and enhance market liquidity.
- Regulatory Oversight: Cboe's binary options will be regulated by the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), a move that not only enhances investor protection but also provides a compliant trading option within traditional financial markets.
- Market Potential: With the booming prediction market sector, Cboe's new product could prompt other traditional exchanges to explore similar innovations, potentially influencing regulatory discussions around event contracts in the U.S. and increasing overall market activity.
- Investor Accessibility: By integrating with existing brokerage platforms, Cboe's binary options will simplify access for retail investors, likely enabling millions to participate more easily in this emerging market.
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Technical Analysis for IMX
Technical Sentiment Analysis for Immutable (IMX). As of , Immutable (IMX) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 0 indicators are flashing buy, while 5 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for IMX stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, IMX is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Immutable (IMX) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0703 | 0.0996 | 0.13 | 0.159 | 0.189 | 0.218 | 0.248 |
| Fibonacci | 0.0996 | 0.122 | 0.136 | 0.159 | 0.182 | 0.196 | 0.218 |
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