Will DOGE rise to $23? This pattern may suggest so. An analyst suggests that DOGE's historical pattern may indicate that DOGE could usher in a bull run, with a maximum price of $23. In a new article by analyst Ali Martinez, he discusses the next steps for DOGE based on patterns observed in previous bull markets. From the chart, it can be seen that DOGE has been trading within a descending triangle pattern for the past few years, but it seems to have recently broken out of this pattern. The descending triangle is a pattern in Technical Analysis (TA), as the name suggests, it looks like a downward-sloping triangle. Typically, the bottom line of the triangle provides support for the asset price, while the top line may act as a source of resistance. Breaking either of these lines may indicate the continuation of the trend in that direction. Therefore, breaking the upper level (as recently seen with memecoin) may lead to bullish results. As Martinez emphasized in the chart, this is not the first time that DOGE has experienced a long consolidation phase within a descending triangle. It seems that the previous two instances of this pattern also witnessed a breakout in Cryptocurrency. Both of these breakthroughs have led to a significant Bull Market for the Token, so the recent surge in price may be the beginning of a similar situation. As for DOGE, this rise may reach a high level, with analysts mentioning Fibonacci levels. These levels are based on ratios different from the popular Fibonacci sequence. The first Bull Market peaked near the 1.618 Fibonacci level, which corresponds to the famous golden ratio found in many natural formations. For the second time, Crypto Assets experienced a bigger jump, reaching a peak of around 2.272, measured against the previous Bull Market's peak (equivalent to 1.000). Based on these tops, Martinez believes that the next top of the DOGE Bull Market could be between these two levels. In relation to the top of the previous Bull Market, the lower limit of this range, 1.618, is equivalent to about $3.95, while the upper limit, 2.272, is equivalent to about $23.26. If DOGE can reach its first target, its price will pump by more than 1,310% from now. The current trading price of DOGE is about 0.285 USD, and it has pumped 86% in the past seven days. (Data Source: Keshav Verma)

Analyst: Shiba Inu, Solana, and Cardano have all seen buy signals In a recent post on X, analyst Ali Martinez discussed how the Tom Demark (TD) sequence signal has recently formed for Shiba Inu, Solana, and Cardano. Here, "TD sequence" refers to a technical analysis (TA) indicator commonly used to identify potential reversal points in asset prices. This indicator typically involves two stages: setup and countdown. In the first stage, known as the setup stage, consecutive candles of the same color are counted until nine. Once the chart has recorded these nine candles, it can be assumed that the price has reached a reversal point. Of course, if the rally ends with a green candle, it can be considered that the asset has reached the top. Similarly, if the downtrend ends, the price may be heading towards a rebound. After the setup is completed, the countdown phase begins. The second stage is very similar to the first stage, except that it involves 13 identical candles instead of nine. After the countdown ends, it can be assumed that the asset has reached another potential reversal point. It looks like three altcoins, Shiba Inu, Solana, and Cardano, have just completed the previous type of TD Sequential phase in their daily charts. Here are the charts shared by analysts, showing this signal formed in the prices of these cryptocurrencies. From each chart, it can be seen that these altcoins have formed TD Sequential patterns with red candles, which means the indicators are now giving buy signals for them. Recently, stocks like Shiba Inu have experienced a downward trend, hence this signal. However, if this indicator is reliable, these assets may finally be able to catch a break. In fact, since the buy signal appeared, these tokens have started to rebound. Among them, Solana is particularly prominent, rising 9% in the past 24 hours. It remains to be seen how long this new round of upward trend for these tokens will continue, especially for Cardano and Shiba Inu, which have only risen 5% and 4% respectively so far. The past month has been a difficult period for Shiba Inu investors, as the memecoin has dropped more than 30% during this period, causing its price to fall to 0.0000173 USD. Figure 2 shows the token's recent performance. (Data Source: Keshav Verma)

The International Monetary Fund (IMF) has provided Andorra with technical advice on recording bitcoin transactions in response to their request for assistance. The IMF undertook a Technical Assistance (TA) mission in the Principality of Andorra in September 2023 with the aim of strengthening the country's balance of payments statistics. This indicator mainly records economic transactions between residents and non-residents. Andorra needs technical assistance on 56 topics, one of which is the inability to record cryptocurrency transactions. Andorra's financial regulator requires banks to approve in order to carry out such transactions, although no requests have been made so far. The IMF recommends monitoring crypto assets until 2024 and warns against the use of unsupported cryptocurrencies as national currencies. The IMF recommended Andorra to adopt a regional digital currency scheme, warning it not to rush into the introduction of a CBDC due to lack of preparation. （Cointelegraph）

Gold (XAU/USD) Nudges Higher in Early Trade, Resistance Levels Near GOLD (XAU/USD) ANALYSIS AND CHART Gold continues its technical correction. Trading activity will pick up later in the week. We noted last week that gold was heavily oversold using the CCI indicator – see the story at the top of this article – and this weakness is currently being reversed. A move higher will find initial resistance from the 20-dsma at $2,023/oz. and ta prior level of horizontal resistance, and the 50-dsma around $2,033/oz. Initial support at $2,000/oz. ahead of $1,987/oz. （Source:Dailyfx-Nick Cawley）

According to Golden Finance Report, Ta Kung Pao published an article on the A17 edition today, pointing out that the Hong Kong SAR government strongly supports the development of virtual assets and green finance, and at the same time provides strong support for family offices. Since last year, the SAR government has gradually relaxed its Crypto Assets investment policy, and the Hong Kong Stock Exchange has become the first exchange in Asia to provide crypto asset ETF products, with a current scale of 30 billion yuan. At the same time, the SAR government has taken the lead in the establishment of the Web 3.0 Association, as well as the issuance of virtual asset management licenses, to promote the regularization of the business, to create a Web 3.0 ecosystem, at present, some financial institutions have obtained virtual asset management licenses, Hong Kong financial licenses are clearly subdivided, 12 types of licenses are stipulated, and the improvement of financial licenses will promote the development of the financial market, now the issuance of virtual asset licenses, in 2025 Hong Kong may launch Derivatives 11 license.

In a recent interview with Ta Kung Pao, Zhong Siyang, an assistant professor of the Department of Aeronautical and Civil Aviation Engineering of the Hong Kong Polytechnic University, said that the C919 and ARJ21 physical passenger aircraft came to Hong Kong for the first time to be displayed, bringing new opportunities for cooperation between mainland scientific research institutions and Hong Kong university talents. Zhong Siyang revealed that the Hong Kong Polytechnic University and Commercial Aircraft of China have signed a memorandum of cooperation in March this year, focusing on artificial intelligence, big data and other fields, and the team and COMAC have been cooperating in the transmission of digital aircraft technology based on blockchain and online quality assessment based on self-learning technology.

💎 $GOLD : Correction to $1903 ? (READ THE CAPTION) By examining the gold chart in the daily time frame, we can see that based on our analysis, on Friday with the announcement of the NFP, the price attacked the level of $1810 to collect liquidity, and then it was accompanied by demand pressure (As we mentioned in the previous analysis, the price was in a demand range for several days) and with the war between Israel and Palestine, the market found its own excuse for further growth, And today, until this moment, it has managed to grow up to $1856 and hit its first upward target! As I said in the previous analysis, for the price to grow, gold must stabilize and close above $1830, which is exactly what happened on Friday! The important demand zone is from $1812 to $1829 and the important supply zones are $1858, $1880 to $1889, and finally $1903! Best Regards , Arman Shaban The Last and The Main TA : (Click on the picture to see more) As you can see, based on yesterday's analysis and updates of gold, we observed that the price started to fall from the range of $1852 to $1850 and with more than 70 pips of correction, the price was able to fall to $1844 And then it faced an increase in demand and was able to grow up to $1865! After the price reached this range, gold showed a negative reaction and until this moment, it is trading in the range of $1856 with 100 pips drop! There is no important news in the market today and the market will prepare itself for important statistics on tomorrow! Still, the Supply and Demand levels that I announced in the previous analysis are very important! Note that with the growth of the price from $1810 to $1865, a liquidity gap of at least 350 to 400 pips has been created, which I believe will be filled in the short term! （Source from: TV-ArmanShabanTrading）

According to a report by The Block on August 9, Web3 security company Cube3.ai completed $8.2 million in financing, led by Blockchain Ventures, and participating investors included Dispersion Capital, Symbolic Capital, Hypersphere Ventures, ICLUB and TA Ventures. Funding from this round will be used to expand the platform to enhance Web3 security and educate the community on transaction security risks and their exploitation.

On August 9th, Cube3.ai, a Web3 security start-up company, completed a $8.2 million seed round of financing, led by Blockchain Ventures, with participation from Dispersion Capital, Symbolic Capital, Hypersphere Ventures, ICLUB and TA Ventures. Cube3 intends to use the funds to expand the platform in order to strengthen the security of Web3 and educate the community about transaction security risks.

According to PANews news on July 16, according to Ta Kung Pao, in response to the joint action of Guangdong, Hong Kong and Macau "Thunder 2023" to combat organized crime, the Hong Kong police successfully dismantled a cross-border money laundering group on the 13th of this month, suspected of laundering more than 100 million yuan. The CCP arrested 6 people in the operation, including a mastermind and two key members. One of the key members is a college student who is mainly responsible for purchasing virtual currency. The police received tip-offs at the end of April this year, alleging that a criminal syndicate had used the debit cards of a number of mainland banks to collect proceeds from the fraud, and then used the debit cards to buy gold and luxury watches in Hong Kong and resell them. The cash obtained from the resale is used to purchase virtual currency for the second layer of laundering. The group mainly operates on weekdays in order to take advantage of the characteristics of financial institutions that can be credited instantly to commit crimes before law enforcement agencies freeze accounts. The group handles one million Hong Kong dollars of black money every day. It is believed that more than 100 million yuan has been cleaned up so far.

Jinse Finance reported that Hong Kong Financial Secretary Chen Maobo mentioned the development of virtual assets in the latest interview with "Ta Kung Pao". The policy positions and guidelines formulated for the ecosystem have also actively promoted the development of the Web3 ecosystem recently. Chen Maobo said that how to bring virtual asset service providers into appropriate regulation to protect the interests of investors while maintaining financial stability and security is the focus of the SAR government.