US Treasury Sanctions Two Cryptocurrency Exchanges for Iran Ties
- First-Time Sanctions: The US Treasury's OFAC has imposed sanctions on UK-based cryptocurrency exchanges Zedcex and Zedxion for the first time, indicating a significant regulatory shift in the crypto sector that may impact their operations and market confidence.
- Massive Transaction Volume: Zedcex has processed over $94 billion in transactions since its inception in August 2022, while Zedxion listed Babak Morteza Zanjani as an administrator at its founding in May 2021, highlighting their close ties to Iran's financial system.
- Monitoring Fund Flows: OFAC reported that numerous wallet addresses linked to the IRGC processed over $389 million through these exchanges, underscoring their critical role in facilitating Iran's circumvention of sanctions, which could trigger broader regulatory scrutiny.
- Expanded Individual Sanctions: In addition to the exchanges, OFAC has added seven individuals linked to the IRGC to its sanctions list, including Zanjani, who was sentenced to death for embezzlement, reflecting the US's ongoing crackdown on Iranian financial activities.
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Technical Analysis for TIME
Technical Sentiment Analysis for Chrono.tech (TIME) As of , Chrono.tech (TIME) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for TIME 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 stock.
Support, Resistance & Moving Averages From a structural perspective, TIME 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 $-.
Chrono.tech (TIME) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 2.382 | 2.791 | 3.089 | 3.498 | 3.796 | 4.205 | 4.503 |
| Fibonacci | 2.791 | 3.061 | 3.228 | 3.498 | 3.768 | 3.935 | 4.205 |
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