Iran Limits Ship Passage Through Strait of Hormuz Amid Ceasefire
- Passage Restrictions: Iran plans to allow only about 12 ships to cross the Strait of Hormuz daily during the two-week ceasefire agreed with Trump, significantly impacting international shipping and oil transport fluidity.
- Coordination and Oversight: All ships must coordinate with the Islamic Revolutionary Guard Corps (IRGC) before passing, indicating Iran's increased control over the waterway, which may lead to higher shipping costs and delays.
- New Payment Regulations: According to mediators, ships must settle toll terms in advance and pay in cryptocurrency or Chinese yuan, potentially altering international trade payment practices and liquidity.
- Market Reactions: With only four ships allowed passage, the market reacted sensitively, leading to a drop in oil prices while investors remained cautious about Trump's potential further actions, reflecting market uncertainty.
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Technical Analysis for X
Technical Sentiment Analysis for X Empire (X). As of , X Empire (X) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 3 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for X 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, X 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 $-.
X Empire (X) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00000992 | 0.0000109 | 0.0000117 | 0.0000127 | 0.0000135 | 0.0000145 | 0.0000153 |
| Fibonacci | 0.0000109 | 0.0000116 | 0.000012 | 0.0000127 | 0.0000134 | 0.0000138 | 0.0000145 |
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