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August 14th - As of 2:30 PM closing, the Shanghai Gold futures contract fell 1.24% to 948 yuan/gram, the Shanghai Silver futures contract fell 1.48% to 15,805 yuan/kilogram, and the SC Crude Oil futures contract rose 0.79% to 559 yuan/barrel.Iranian Parliament National Security Committee Chairman Aziz stated: "If anyone continues to yield to Irans enemies, your sovereignty will continue to be at risk, and your national status will be weakened. But if anyone willingly becomes a tool of the enemy and acts recklessly in the region, Iran will respond decisively and firmly."On August 14, UN Secretary-Generals Special Envoy for Yemen, Hans Grundberg, briefed the UN Security Council on the situation in Yemen on August 13. Grundberg warned that the risk of Yemen reverting to large-scale conflict is "unprecedented" compared to the period since the UN-mediated ceasefire in 2022. He pointed out that the relative calm that has lasted for several years could be wiped out in just a few weeks of escalation.On August 14, local time, on August 13, the 77th anniversary of the adoption of the Fourth Geneva Convention, the Iranian Foreign Ministry issued a statement condemning the United States and Israel for violating international humanitarian law and calling on the international community to take action to ensure that the Geneva Conventions are observed. The Iranian Foreign Ministry statement condemned Israels violations of international humanitarian law in Palestine, Lebanon, and Syria over the past few years, and said that US support for Israel has further exacerbated these problems.According to Saudi media Alhadath, the Houthi rebels in Yemen attacked a key facility in Harikia, near the Bab el-Mandeb Strait, with two ballistic missiles.

DOGE Eyes a Return to $0.0850 to Aim for $0.090 as FTX Contagion Declines

Daniel Rogers

Nov 23, 2022 15:37

截屏2022-11-23 下午2.24.11.png 

 

On Tuesday, both Dogecoin (DOGE) and shiba inu coin (SHIB) snapped two-day losing streaks. FTX contagion risk diminished as word of FTX cash holdings and investor interest in FTX assets spread. However, technical indications remain gloomy, with exponential moving averages (EMAs) predicting additional declines.

 

On Tuesday, dogecoin (DOGE) gained 5.23 percent. Reversing Monday's loss of 2.99%, DOGE ended the day at $0.0785. Notably, DOGE closed the day below $0.0800 for the third session in a row.

 

The mid-morning low for DOGE was $0.0729. Avoiding the First Major Support Level (S1) at $0.0715, DOGE climbed to a high of $0.0796 in the early afternoon. At $0.0774, DOGE surpassed the First Major Resistance Level (R1) before retreating. However, a late surge caused DOGE to surpass R1 and close the day at $0.0785.

 

You should only trade with capital that you can afford to lose while trading derivatives. The trading of derivatives may not be suitable for all investors; thus, you should ensure that you fully comprehend the risks involved and, if necessary, seek independent counsel. Before entering into a transaction with us, a Product Disclosure Statement (PDS) can be received through this website or upon request from our offices and should be reviewed. Raw Spread accounts offer spreads as low as 0 pips and a commission rate of $3.50 per 100,000 USD traded. Spreads on standard accounts begin at 1 pip with no additional commission fees. CFD index spreads begin at 0.4 points. This information is not intended for inhabitants of any country or jurisdiction where distribution or use would violate local law or regulation.

 

On Tuesday, the price of Shiba inu coin (SHIB) increased by 4.76 percent. SHIB closed the day at $0.000000881, reversing Monday's decline of 4.21%.

 

In line with the larger market, SHIB reached a low of $0.00000817 during midmorning. Finding support at the First Major Support Level (S1) at $0.00000816, SHIB surged to a high of $0.00000883 by early afternoon. At $0.00000873, SHIB surpassed the First Major Resistance Level (R1) and closed the day at $0.00000881.

 

FTX contagion risk diminished on Tuesday, providing assistance to DOGE, SHIB, and the broader market. Updates on FTX's assets revealed a substantial cash position, which would mitigate the impact of the company's bankruptcy on its creditors.

 

Reports that Justin Sun of Tron and Brad Garlinghouse of Ripple are interested in FTX assets generated additional support.

 

Nonetheless, Twitter news remained unfavorable for DOGE. There was no new information on Twitter's resumption of the crypto integration project that would promote DOGE adoption.

 

However, investor sentiment increased significantly this morning. Risk of FTX contagion remains the primary motivator. Until the court reveals who FTX's creditors are, downside risks will persist. On Tuesday, the bankruptcy judge ruling over FTX decided to redact the identities of FTX's creditors.

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