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ECB President Christine Lagarde: It would be a mistake to say we need to ignore the current shocks; it is too early to draw such a conclusion.① Iran 1. Irans Interior Minister instructed border provinces to "eliminate the threat of a maritime blockade." 2. Irans Permanent Mission to Vienna: Claims that Iran is seeking nuclear weapons are a "monumental lie." 3. According to foreign media reports, Iran has begun restoring limited internet connections to some businesses and individuals. 4. Irans Oil Minister: Oil sales have been "favorable" since the outbreak of the war, and some funds will be used to restore industry. 5. An Iranian government spokesperson said that preliminary estimates indicate the US and Israeli military strikes have caused Iran $270 billion in losses. ② United States 1. The US military has increased the number of wounded in the war against Iran to nearly 400. 2. US officials: The US government will terminate sanctions waivers for Iranian maritime oil this week. 3. The US Treasury Department threatened to impose secondary sanctions on financial institutions supporting Iran. 4. The US Treasury Department: Short-term permits allowing the sale of Iranian oil will not be renewed after they expire in the coming days. 5. US officials: Ships seized by the US military and linked to Iran will be towed to a detention area in the Arabian Sea or Indian Ocean, and a permanent location will be determined. ③ Israel 1. Israel launched airstrikes on the Tyre and Nabatieh regions in southern Lebanon. 2. Trilateral talks between Israel, Lebanon, and the US concluded, with Israel and Lebanon agreeing to initiate direct negotiations. 3. US media: The head of Israels intelligence agency, Mossad, stated that he still seeks to overthrow the Iranian regime. ④ Strait of Hormuz 1. Iran—① Sources: Iran is considering suspending its shipping in the Strait of Hormuz to avoid undermining peace talks. 2. US—① US officials: The Strait of Hormuz is not being completely blocked; only ships entering and leaving Iranian ports are being targeted. ② US officials: More than 20 merchant ships have passed through the strait in the past 24 hours. ③ Vance on Iran closing the Strait of Hormuz: We can play this game too. ④ US Central Command: More than 10,000 US troops, more than ten warships, and dozens of aircraft are carrying out the mission of blocking Iranian ports. No ships have broken through the US blockade in the first 24 hours. 3. Other—① Iranian Ambassador to India: Indian oil tankers passing through the Strait of Hormuz have not paid passage fees to Iran. ② Sources: A meeting on the Strait of Hormuz, led by France and the UK, will explore the possibility of taking economic measures against Iran if the strait remains closed. ⑤ Ceasefire Negotiations 1. Trump: Talks with Iran "may be held in Pakistan within the next two days." 2. Iran—① An official from the Iranian Embassy in Pakistan stated that a new round of US-Iran talks may be held this week or early next week. Iran will prioritize Islamabad as the location for the new round of talks. ② Iranian lawmakers: Will continue to participate in negotiations while thwarting US plots. ③ Iranian Foreign Minister Araghchi and Omani Foreign Minister discussed the ceasefire and talks. 3. Pakistan—① Pakistani sources said Pakistan is calling for a 45-day extension of the US-Iran ceasefire. ② Pakistani President: Pakistan will strive to ensure the sustainability of the US-Iran peace process. ③ Pakistani Foreign Ministry: We invite the US and Iran to Islamabad for a second round of talks, but the date and time have not yet been determined. 4. Others—① The UN Secretary-General said the US and Iran are very likely to restart peace talks. ② Macron said he has spoken separately with the leaders of the US and Iran, calling for a swift resumption of negotiations and ensuring the implementation of the ceasefire. ⑥ Other Situations: 1. Russian Security Council: The US and Israel may be using negotiations to prepare for ground operations against Iran. 2. According to NBC News, citing an official, Lebanon and Israel agreed during the talks that Hezbollah should be completely disarmed and that Iran should no longer be allowed to influence Lebanons future. 3. Qatari Foreign Ministry spokesperson: There has absolutely been no discussion between Qatar and Iran regarding paying funds to prevent Iranian attacks on Qatar; any claims of such discussions are untrue.According to the network monitoring website DownDetector, user reports indicate that X is experiencing a malfunction within the United States.World Bank President: The World Bank may provide $80 billion to $100 billion in financing to countries severely impacted by the Middle East wars over the next 15 months.European Central Bank President Christine Lagarde will speak in ten minutes.

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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