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On January 28th, at a press conference held this morning during the Fifth Session of the 14th Guangdong Provincial Peoples Congress, Qin Weizhong, Deputy Secretary of the Shenzhen Municipal Committee and Mayor of Shenzhen, stated that in the new year, Shenzhen will, in accordance with the work plan of the Provincial Party Committee and Provincial Government on promoting the construction of the Guangdong-Hong Kong-Macao Greater Bay Area, actively promote in-depth exchanges and cooperation between Shenzhen and Hong Kong in all aspects and fields, especially strengthening the alignment of development strategies with Hong Kongs Northern Metropolitan Area, accelerating the interconnection of infrastructure, and this year will see the full completion and opening of the new Huanggang Port, accelerating the construction of projects such as the Hetao West Cross-River Bridge and the new No. 1 Channel, and jointly promoting the planning and construction of the Hong Kong-Shenzhen Western Railway and the Hong Kong Northern Link branch line with Hong Kong. Further leveraging the major platform role of Qianhai and Hetao, Shenzhen will promote more fruitful results in cooperation on modern service industries and technological innovation between Shenzhen and Hong Kong, jointly develop and construct the "one river, two banks, one zone, two parks" of Hetao, promote the cross-border flow of technological innovation elements, open sharing of resources, and collaboration of science and technology industries, and work together to accelerate the creation of a high-quality living circle that is livable, business-friendly, and tourist-friendly, fully supporting Hong Kong to better integrate into and serve the overall development of the country.ECB Governing Council member Koch said: If the euro continues to strengthen, the central bank will need to take action.Zimbabwes Energy Minister: Partnerships are needed for oil and gas extraction and production.On January 28th, Brazilian President Lula da Silva stated in Panama City on January 27th that he opposes external interference in Venezuelan affairs and believes the Venezuelan problem should be resolved by the Venezuelan people themselves. He emphasized that the solution should come from Venezuela itself, not Brazil or the United States. Lula also expressed his hope that US President Trump would respect Venezuelas sovereignty and democratic choices, allowing the Venezuelan people to independently safeguard their own destiny.Tanzanias Deputy Energy Minister: We hope to reverse the downward trend in oil and gas production in the coming years.

A RETURN OF DOGE TO $0.10 WOULD SIGNAL A RETURN TO $0.12

Alina Haynes

Nov 09, 2022 17:52

 截屏2022-11-09 下午5.38.19.png

 

Dogecoin (DOGE) and shiba inu coin (SHIB) both experienced significant losses on Tuesday, with DOGE falling for the fourth straight session. With the demise of FTX and the SEC's victory in its case against LBRY, Twitter (TWTR) headlines took a backseat. The technical indicators became bearish, with DOGE and SHIB below their 200-day exponential moving averages (EMAs).

 

On Tuesday, dogecoin (DOGE) fell 20.68 percent. Following a drop of 3.07% on Monday, DOGE closed the day at $0.08822. Notably, DOGE closed below $0.10 for the first time in eleven sessions and extended its losing skid to four sessions.

 

After a bearish morning, DOGE reached a high of $0.1130 in the late afternoon. DOGE reached a late low of $0.07704 after failing to surpass the First Major Resistance Level (R1) at $0.1178. DOGE fell below the Day's Major Support Levels due to the prolonged sell-off. The Third Major Support Level (S3) at $0.08840 restrained DOGE late in the session.

 

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 beginning at 0 pips and commissions of $3.50 every 100k 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, Shiba inu coin (SHIB) fell by 13.90%. Following a loss of 0.34% on Monday, SHIB's closing price was $0.00001016.

 

SHIB reached a morning high of $0.00001189 despite a shaky start to the day. SHIB fell to a late-afternoon low of $0.000000923 after failing to surpass the First Major Resistance Level (R1) at $0.00001211. SHIB dropped below the day's Major Support Levels to less than $0.000010 before staging a partial rebound to close at $0.00001016.

 

As investors coped with the news of an FTX liquidity shortage, sentiment toward Twitter (TWTR) and Elon Musk took a back seat. FTX Token (FTT) sank to its lowest point since April 2020 before closing the day 75% down. The news that Binance planned to acquire FTX was somewhat reassuring, but it failed to restore market order.

 

Fears of contagion and the escalating danger of regulatory action have put DOGE and SHIB in the red. This morning, market conditions did not improve as investors awaited the initial effects of FTT's demise. However, it may take some time for investors to fully comprehend the effects of the FTT fall.

 

DOGE was down 1.05% at $0.08730 at the time of writing. The DOGE price rose to a day's high of $0.08983 before falling to a day's low of $0.08147.


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