Thailand Streamlines Access to Crypto Derivatives
- Regulatory Reform Proposal: The Thai Securities and Exchange Commission has initiated a public consultation allowing licensed digital asset companies to apply for derivatives licenses under existing permits, thereby streamlining access to crypto derivatives, reducing operational costs for market participants, and accelerating market expansion.
- Compliance Requirement Optimization: The new proposal eliminates the current requirement for firms to establish separate entities for derivatives activities, a change that not only enhances market participation but also ensures effective regulatory oversight while expanding access.
- Market Structure Evolution: This reform complements earlier legal updates that formally recognized digital assets as valid underlying instruments for futures contracts, further promoting the development of crypto assets within the derivatives framework and enhancing investors' hedging tools and portfolio positioning capabilities.
- Public Feedback Period: Feedback on the proposal will be accepted until May 20, after which regulators are expected to refine the framework based on industry input to ensure that the new regulations effectively promote healthy market development.
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Technical Analysis for ADI
Technical Sentiment Analysis for (ADI). As of , (ADI) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 3 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ADI 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, ADI 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 $-.
(ADI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 3.927 | 4.039 | 4.171 | 4.283 | 4.416 | 4.527 | 4.66 |
| Fibonacci | 4.039 | 4.132 | 4.19 | 4.283 | 4.376 | 4.434 | 4.527 |
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