India Postpones Crypto Regulations Following RBI Alert
India's Cautious Approach to Crypto Regulation: India is refraining from implementing comprehensive cryptocurrency legislation, opting instead for limited oversight due to concerns about systemic risks and the potential for digital assets to become too mainstream.
RBI's Concerns and Current Measures: The Reserve Bank of India (RBI) has warned that regulation alone cannot mitigate risks, and while a ban on crypto would not stop peer-to-peer trading, heavy taxation on crypto profits aims to discourage speculative trading.
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Technical Analysis for P2P
Technical Sentiment Analysis for Sentinel (P2P) As of , Sentinel (P2P) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 1 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for P2P 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, P2P 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 $-.
Sentinel (P2P) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.000035 | -0.00000296 | 0.0000189 | 0.0000509 | 0.0000728 | 0.000105 | 0.000127 |
| Fibonacci | -0.00000296 | 0.0000176 | 0.0000304 | 0.0000509 | 0.0000715 | 0.0000843 | 0.000105 |
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