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Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 14595.28 take profit at 14633.02.
Bearish Preference:
Sell position is envisaged if price trades below 14493.12 with take profit at 14466.30.
Fundamentals:
No Major Fundamental
Comment:
A subsidiary of Japanese online brokerage firm Monex Group, Coincheck’s deal with Thunder Bridge Capital is valued at roughly $1.25 billion, with the combined entity receiving some $237 million in cash held through the latter’s trust. This will push through with the assumption that there will be no outstanding shareholder redemptions, and before expenses are tacked on.
Analysis: SCRUM Team
