OKX Waves In Australia Under A Local Regulated Entity
OKX Expansion to Australia:
- OKX, a Crypto exchange, is expanding its business to Australia to focus on services under a locally regulated entity.
- The expansion aims to cater to the Asia-Pacific region and provide secure, easy-to-use platforms for crypto users in Australia.
- OKX dropped the number of trading pairs to 170 for Australian users and offers options trading as well.
- The move was prompted by the dynamic customer base in Australia, offering diverse opportunities for crypto services.
Last Year's Discussion Regarding the Expansion:
- OKX planned to open an office in Australia in March 2023 due to the growing interest in crypto in the Australian market.
- The company shifted operations from Seychelles to Australia to comply with local regulations and assess users' suitability.
- OKX had to stop certain services like copy trading and yield-bearing products to adhere to Australian laws.
Conclusion:
- OKX's expansion in Australia marks a new chapter in its cryptocurrency journey, focusing on regulatory compliance and customer satisfaction.
- The move allows OKX to operate in an innovative and crypto-friendly environment, adapting to meet the evolving needs of the market.
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Technical Analysis for WAVES
Technical Sentiment Analysis for Waves (WAVES) As of , Waves (WAVES) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for WAVES 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, WAVES 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 $-.
Waves (WAVES) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.207 | 0.321 | 0.425 | 0.539 | 0.644 | 0.758 | 0.863 |
| Fibonacci | 0.321 | 0.404 | 0.456 | 0.539 | 0.623 | 0.675 | 0.758 |
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