Billionaire Christian Angermayer Leaves UK for Lugano Amid Tax Concerns

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Sep 29 2024

Should l Buy ROSE?

Christian Angermayer's Relocation: Billionaire investor Christian Angermayer has moved from the UK to Lugano, Switzerland, due to impending tax increases on offshore wealth, which he criticizes as detrimental to the economy and a catalyst for high-net-worth individuals leaving the UK.
Lugano as a Crypto Hub: Lugano has become a significant Bitcoin hub with around 250 merchants accepting Bitcoin and partnerships aimed at enhancing crypto-friendly payment systems, making it an attractive location for investors like Angermayer who are involved in cryptocurrency ventures.

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Technical Analysis for ROSE

Technical Sentiment Analysis for Oasis (ROSE) As of , Oasis (ROSE) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 10 technical signals, shows that 4 indicators are flashing buy, while 6 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ROSE 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, ROSE 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 $-.

Oasis (ROSE) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.00245	0.00708	0.0111	0.0157	0.0198	0.0244	0.0284
Fibonacci	0.00708	0.0104	0.0124	0.0157	0.019	0.0211	0.0244

About ROSE

Oasis is the pioneering layer 1 blockchain designed to enable scalability and confidential compute. Oasis is home to Sapphire, the first confidential EVM that empowers Web3 and Decentralized AI developers to build dApps with Smart Privacy natively on Oasis or other EVM-based chains.ROSE is the native token of the Oasis Network used for gas fees, staking, delegation and governance. With a unique layered architecture, Oasis presents the optimal building and execution environment for DeFi, AI, GameFi, NFTs, the metaverse, data tokenization and DAO governance. Oasis also has native support for rollups at the consensus layer.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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