Crypto Investors in India Claim Tax Regulations Are Unjust — Is Their Argument Valid? | Opinion
Crypto Adoption vs. Taxation: India has a large crypto user base but imposes a harsh 30% tax on gains and a 1% TDS on transactions, which many believe stifles innovation and participation in the market.
Lack of Regulatory Clarity: The absence of a clear regulatory framework and loss offsets creates confusion for small traders and leads to a decline in domestic exchange activity, pushing users towards offshore platforms.
Need for a Balanced Approach: A more equitable tax framework that allows for loss offsets and clearer reporting could foster innovation and position crypto as a vital part of India's digital economy.
Potential for Growth: With a significant portion of the population engaging in crypto, India has the potential to become a global leader in the industry, provided the government adopts a more supportive stance towards crypto taxation.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for TRUMP
Technical Sentiment Analysis for OFFICIAL TRUMP (TRUMP) As of , OFFICIAL TRUMP (TRUMP) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 5 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for TRUMP 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, TRUMP 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 $-.
OFFICIAL TRUMP (TRUMP) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 1.545 | 2.282 | 3.045 | 3.782 | 4.545 | 5.282 | 6.045 |
| Fibonacci | 2.282 | 2.855 | 3.209 | 3.782 | 4.355 | 4.709 | 5.282 |
About TRUMP
About the author
