multi-country banned from Gate.io exchange
Ethereum / Tether KUCOIN:ETHUSDT
With all of the countries now banned from the gate. io platform i can only assume this will disrupt the market as many will have to close positions on future derivatives, margine, and spot , as instructed to remove funds from the exchange. Anyone in the restricted countries will have there account terminated by the end of april if they do not confirm KYC in time.
If this does have such an impact , it would be a perfect catalyst to drive price down to these nearby missed pivot points around 3k and possibly lower, considering the way the market reacted to the binance restrictions in US.
![[ALTUSDT]BTGUSDT TREND LINE ANALYSIS](https://thebitcoinstreetjournal.com/storage/2022/05/20860367-2oWt_mid.png "[ALTUSDT]BTGUSDT TREND LINE ANALYSIS")