Trump Plans Lawsuit Against JPMorgan Chase Over Banking Access Cutoff
- Legal Action Threat: Trump announced plans to file a lawsuit against JPMorgan Chase within two weeks, accusing the bank of improperly cutting off his banking services following the January 6, 2021 Capitol riot, highlighting ongoing tensions between him and financial institutions.
- Media Report Rebuttal: Trump denied a Wall Street Journal report claiming he offered JPMorgan CEO Jamie Dimon the Federal Reserve chair position, labeling it “totally untrue” and criticizing the media for not verifying details with him, reflecting his strong dissatisfaction with press coverage.
- Resurfacing Longstanding Grievances: Trump's allegations revive his long-standing grievances with major banks, particularly after accusing JPMorgan and Bank of America of refusing his deposits due to regulatory pressure, indicating his persistent distrust of the financial system since leaving office in 2021.
- Political and Financial Tensions: The dispute occurs amid escalating political friction between Trump and financial institutions, with JPMorgan's Dimon warning against political efforts to influence the Federal Reserve's independence, signaling widespread concerns in the financial sector regarding political interference.
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Technical Analysis for BANK
Technical Sentiment Analysis for Lorenzo Protocol (BANK). As of , Lorenzo Protocol (BANK) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 3 indicators are flashing buy, while 5 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BANK 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, BANK 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 $-.
Lorenzo Protocol (BANK) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.0186 | 0.0036 | 0.0216 | 0.0438 | 0.0618 | 0.084 | 0.102 |
| Fibonacci | 0.0036 | 0.019 | 0.0284 | 0.0438 | 0.0592 | 0.0686 | 0.084 |
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