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On January 9th, the Ministry of Industry and Information Technology and four other departments issued a notice on the "Guidelines for the Construction and Application of Industrial Green Microgrids (2026-2030)". Industrial green microgrids mainly include facilities or systems such as renewable energy power generation, industrial waste energy utilization, clean and low-carbon hydrogen production and utilization, new energy storage applications, power conversion and flexible interconnection, and digital energy and carbon management. The proportion of newly built solar, wind, and other renewable energy power generation by industrial enterprises and industrial parks that is consumed locally each year should generally not be less than 60%. In areas where the electricity spot market is continuously operating, distributed photovoltaic power can be connected to the user-side grid through aggregation or through dedicated power lines with users, participating in the spot market using a self-consumption and surplus power grid connection model, with the grid-connected electricity accounting for no more than 20% of the total available power generation. The grid connection capacity and regulation capabilities of renewable energy power generation facilities will be continuously improved to achieve "observable, measurable, adjustable, and controllable" grid connection.The Peoples Bank of China (PBOC) announced today that it conducted 34 billion yuan of 7-day reverse repurchase operations, with a bid volume of 34 billion yuan and a winning bid volume of 34 billion yuan. The operation rate was 1.40%, unchanged from the previous rate.Chinas December CPI annual rate will be released in ten minutes.The main platinum contract fell 2.00% during the day, currently trading at 581.20 yuan/gram.January 9 (KCNA) – North Korean leader Kim Jong Un replied to Russian President Vladimir Putin on January 8, stating that North Korea will unconditionally respect and support all of Putins policies and decisions, and is willing to stand with Putin and Russia forever. In his letter, Kim Jong Un said, "Our close cooperation will continue as always, in accordance with the spirit of the comprehensive strategic partnership between North Korea and Russia, and in line with the strategic interests of both countries and the aspirations and desires of both peoples, in all aspects."

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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