Chinese Woman Confesses Involvement in $7 Billion Bitcoin Money Laundering Operation
Admission of Guilt: Zhimin Qian, also known as Yadi Zhang, has pleaded guilty to her involvement in a massive cryptocurrency laundering case, possessing nearly US$7 billion in criminally acquired Bitcoin from a fraudulent investment scheme that deceived over 128,000 Chinese investors.
Complex Investigation: The case, described as one of the largest money-laundering operations in UK history, involved extensive collaboration between UK and Chinese authorities, leading to the discovery of significant Bitcoin holdings and raising important questions about asset recovery and regulatory challenges in the cryptocurrency landscape.
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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 7 technical signals, shows that 4 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 | -0.00000311 | 0.000000695 | 0.00000349 | 0.0000073 | 0.0000101 | 0.0000139 | 0.0000167 |
| Fibonacci | 0.000000695 | 0.00000322 | 0.00000477 | 0.0000073 | 0.00000982 | 0.0000114 | 0.0000139 |
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