French Police Arrest Two in Alleged $1.8M Crypto Villa Scam
- Case Overview: French police arrested two suspects in the Var department near Saint-Tropez, allegedly involved in a $1.8 million crypto villa scam, highlighting France's commitment to combating crypto-related crime.
- Fraud Methodology: The scheme reportedly used luxury villa transactions to solicit cryptocurrency payments, leveraging the prestige of the French Riviera to enhance the fraud's credibility, indicating vulnerabilities in the high-end real estate market.
- Significance of Arrests: These arrests transition the case from allegations to active prosecution, signaling that French law enforcement prioritizes crypto-enabled property fraud, which may serve as a warning for future investors.
- Investor Protection Recommendations: Investors should enhance due diligence in high-value real estate transactions by verifying property ownership through official land registries, refusing to transact solely in crypto, and confirming counterparty identities through independent channels to mitigate potential risks.
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Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR). As of , Major (MAJOR) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 2 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for MAJOR 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, MAJOR 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 $-.
Major (MAJOR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0272 | 0.0296 | 0.0319 | 0.0343 | 0.0366 | 0.039 | 0.0413 |
| Fibonacci | 0.0296 | 0.0314 | 0.0325 | 0.0343 | 0.0361 | 0.0372 | 0.039 |
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