$7 Billion Bitcoin Money Laundering Operation Uncovered
Massive Laundering Scheme: Zhimin Qian, also known as Yadi Zhang, confessed to her role in a $7 billion cryptocurrency laundering scheme that defrauded over 128,000 investors in China between 2014 and 2017.
Legal Proceedings and Implications: The case has led to the seizure of over £5 billion in Bitcoin, highlighting the importance of cross-border collaboration in tackling financial crimes and raising questions about the restitution for defrauded investors amidst the volatile nature of cryptocurrency values.
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Technical Analysis for WEN
Technical Sentiment Analysis for Wen (WEN) As of , Wen (WEN) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for WEN 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, WEN 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 $-.
Wen (WEN) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.00000309 | 0.000000706 | 0.00000351 | 0.00000731 | 0.0000101 | 0.0000139 | 0.0000167 |
| Fibonacci | 0.000000706 | 0.00000323 | 0.00000478 | 0.00000731 | 0.00000983 | 0.0000114 | 0.0000139 |
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