Industry news:

A British man has been handed 20 months in jail and ordered to forfeit over £400,000 ($487,000) for offering hacking services and stolen private data in return for cryptocurrency.

Nineteen-year-old Elliot Gunton was sentenced at Norwich Crown Court on Friday, having pleaded guilty at a previous hearing, according to a local police news report.

Technical view:

I mentioned yesterday in my analysis that we would like to see potential to load for short positions and we exactly got that. The level around $10,400 seems like a good sell zone for more downside.

Important levels to watch:

Yellow rectangle – Support ($9,170)

Magneta rectangle –Support 2 and downward target ($9,724)

Green lines – Bollinger band

MACD is showing the new momentum down on the oscillator, which is good indication for further downside continuation move. Additionally, there is a fresh bear cross on the Stochastic, which is another indication for downside. Selling opportunities are preferable with the targets at $9,168 and $9,724.