IcomTech Cryptocurrency Fraud: Accomplice Receives 6-Year Prison Sentence for Significant Scam
IcomTech Crypto Scam Overview: The IcomTech crypto scam was a Ponzi scheme that promised investors guaranteed daily returns from non-existent cryptocurrency trading and mining operations, ultimately defrauding them of hundreds of thousands to potentially millions of dollars.
Sentencing of Magdaleno Mendoza: Magdaleno Mendoza, a key accomplice in the scam, has been sentenced to six years in federal prison, marking a significant step in the U.S. government's efforts to hold cryptocurrency fraudsters accountable.
Recruitment Tactics: The scam utilized high-pressure sales tactics, fake tech platforms, and a multi-level marketing structure to recruit victims, creating a false sense of security and community among investors.
Investor Protection Advice: The case highlights the importance of due diligence for investors, emphasizing the need to be skeptical of guaranteed returns, verify platform legitimacy, and be cautious of anonymous project teams to avoid falling victim to similar scams.
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Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR) As of , Major (MAJOR) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for MAJOR 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, MAJOR 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 $-.
Major (MAJOR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.061 | 0.0687 | 0.0775 | 0.0852 | 0.094 | 0.102 | 0.111 |
| Fibonacci | 0.0687 | 0.075 | 0.0789 | 0.0852 | 0.0915 | 0.0954 | 0.102 |
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