Former Celsius CEO Seeks to Vacate 144-Month Sentence for Fraud
- Vacatur Motion Filed: Former Celsius CEO Alex Mashinsky has filed a motion in the Southern District of New York seeking to vacate his 144-month sentence for commodities and securities fraud, arguing ineffective counsel and tainted evidence, which underscores his strong dissatisfaction with the ruling.
- Counsel Issues: Mashinsky claims that his attorneys ceased communication, forcing him to file pro se, a move that not only reflects his discontent with the legal process but may also impact the outcome of future appeals.
- Market Manipulation Allegations: In his filing, Mashinsky alleges that former FTX CEO Sam Bankman-Fried attempted to undermine Celsius, asserting that this contributed to market manipulation surrounding the CEL token on the FTX exchange, indicating his strategy to shift blame to external factors.
- Financial Penalties Context: Mashinsky faces a forfeiture of $48 million and a $10 million regulatory settlement with the FTC, illustrating the increasing scrutiny and financial repercussions in the crypto market, which not only affect his personal finances but also highlight the tightening regulatory environment.
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Technical Analysis for U
Technical Sentiment Analysis for Union (U). As of , Union (U) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 6 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for U 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, U 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 $-.
Union (U) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.999 | 1 | 1 | 1.001 | 1.002 | 1.003 | 1.003 |
| Fibonacci | 1 | 1 | 1.001 | 1.001 | 1.002 | 1.002 | 1.003 |
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