The Korean long end broke the downtrend since 2001. Rising inflationary pressure and inflation outlook are forcing long-end liquidation that seems just getting started. a 50% retracement to 3.65% is what seems achievable and put pressure on the rest of the Asia Bond markets
Korea is highly cyclical and a decent "canary in the coal mine for" a) the Semi Cycle, given the size of Samsung Electronics in the index and b) the global manufacturing cycle.
Watch for a double top.
This is not investment advice, I am not a licensed advisor and you should always do your own work or seek professional advice.
The Korean Index is consolidating the last 44% gain it made in the last quarter of 2020.
This consolidation is very well defined inside a downtrend channel. I am positive if it breaks it. It could be the start of another leg up.
As long as it stays in the that area, I am neutral.
Next support around 2800. That would be ~50% fibo retracement of the previous...
Alt Season is coming..really..?
Once Alt Season arrives, FTM will pump like you have never seen it before!
Fantom hasn't really pump yet..this is on the list.
This is my prediction, let's see!
📌 The beauty of Korea is revealing itself right on time... the breakout is difficult to maintain as can be seen on the yearly close, the slingshot which turned out to a correct play for buyers has unlocked the potential for a major rally in 2021. Capital has its eyes on Korea (and a few others) for the advantage in its currency (KRW) and economic mobility across...
📌 KRW for the Yearly Close
This brings into an important consideration for review the long-term KRW chart, the plan chosen by sellers has been able to lure in late unaware buyers at the highs because of the simple nature of the impulse employed. By trapping the highs and aiming for the negative break in the yearly close, it is a very bearish sign.
Moves...
CUrrency looks like it got rejected by resistance, should whipsaw here.... hopefully down next week.
When trading foreign index ETFs like EWW, EWY, EWZ, or TUR, you gotta pay attention to the currency trade as well. The funds are NOT hedged against currency which means you're playing both the index and the currency.
You can trade these ETFs to take advantage of...
USD_KRW RECOVERING FROM FALLOUT
(1) The pair will face resistance confluence
(2) A good pullback trade is expected
(3) Don't miss the moment
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It's an election year. War tends to keep presidents in office. Every single president picked an enemy during reelection year. There must be allies and foes. China is the foe. Korea is the allie. You need an asian hub and manufacturing partner. You need korea.
Hi friends
the daily chart of this market shows that it will experience an uptrend in the next few days but at the same time it is better to be vigilant of the change of this market towards the opposite direction
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ICX just flipped bullish, on Chart wise, ICON is VERY bullish, steadily accumulating to the incoming pump.
MACD flipping bullish on D1.
Many features are coming to ICON on these years!!
Will we see ICON back to $13? it is only roughly 40 cents now. An easy X10 to $4.
Icon ICX is the only dominating blockchain project in Korea. They will live forever on this...
As per my last call, ICX is wavering around 3K satoshi, ICX is a super strong project in KOREA alone. they will DOMINATE KR Blockchain businesses.
I'm holding this to be rewarded in bull market to come.
Icon is one of the gem many has yet to realise. This is the Korean ETHEREUM. Icon is the only one that is worth mentioning in KOREAN market as of now. LITERALLY can own 50% of Korean market when this matures as Icon is already working with huge enterprises and Korean governments now.
One reason i say this is because it is building an STO platform. this platform...
KOSPI finished a five-wave move up that ended minor wave 1. If this is the case prices should follow the trend to the 1,700 level before continuing up. A move below the 1,900 will give more odds for this scenario. FOLLOW SKYLINEPRO TO GET UPDATES.
