TikTok Ban: Pro-Bitcoin RFK Threatens Lawsuit To Support ByteDance
- RFK's Opposition to TikTok Ban: Robert F. Kennedy Jr. opposes the TikTok ban, citing constitutional rights and labeling it a "smoke screen" for data harvesting concerns.
- TikTok CEO's Response: TikTok CEO, Shou Zi Chew, plans to fight against the ban, expressing dissatisfaction with the decision and commitment to support ByteDance.
- Legislation and Ban Announcement: President Biden signed a law requiring ByteDance to sell its interest in TikTok within 12 months, leading to potential ban threats if violated.
- Impact on Businesses and Users: TikTok warns that the ban could affect 7 million businesses and 170 million American users, hindering their freedom of expression.
- Political Response: The legislation received significant support in the House of Representatives, with 360 votes in favor and 58 against, indicating bipartisan concern over TikTok's operations.
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Technical Analysis for X
Technical Sentiment Analysis for X Empire (X) As of , X Empire (X) 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 X 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, X 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 $-.
X Empire (X) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00000599 | 0.00000893 | 0.0000115 | 0.0000145 | 0.0000171 | 0.00002 | 0.0000226 |
| Fibonacci | 0.00000893 | 0.000011 | 0.0000124 | 0.0000145 | 0.0000166 | 0.0000179 | 0.00002 |
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