Koreanindex
KRXVHELLO GUYS THIS MY IDEA 💡ABOUT KRXV is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the buyers from this area will be defend this LONG position..
and when the price come back to this area, strong buyers will be push up the market again..
UP TREND + Resistance from the past + Strong volume area is my mainly reason for this long trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
ICONLOOP will explode next Alt Season starting January 20202020.02.02. Celebrate the past, create the future: Smart Cities, Connected Cities, implanted chips and future biometric id project iconloop is long overdue a massive reversal to a billion dollar marketcap. The team has recently received 9 million dollars in funding, and has been working in silence with governments, fintech industry and of course Samsung. This is a true blockchain project with STO support. Long term price is projected to hit 18 dollars by 2023. An expected flash pump could take place when xrp suddenly hits 80 cents before heading down to 3 cents progressively and icon stays around 2 dolllars in 2020. Bottom is in, sucker's rally coming up next.
Sell target: Revelation 13:16-18 (144,000 / ? = 216)
USDKRW reversed from resistance, potential drop!
USDKRW reversed off its resistance at 1178.48 where it could potentially drop further to 1169.57.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDKRW potential reversal!
USDKRW expected to rise up to 1st resistance at 1175.78 where it could potentially react off and drop down to 1st support at 1150.98.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
KOSPI: 1W Death Cross confirms bottom. Long term Buy OpportunityThe Korea Composite Stock Price Index is currently on a 5 week bullish streak (5 green 1W candles in a row) approaching the overbought zone on 1D (RSI = 70.924).
The important development on the 1W chart though has been the Death Cross formation (MA50 below MA200) earlier this June. This is generally a bearish signal but last time that happened in February 2009 during the Global Subprime Crisis, it signaled the market of the bottom and the start of the new multi year bull cycle.
As such we are interpreting this pattern as bullish signalling the bottom of the bear cycle that started with the January 2018 All Time High. This 5 week bullish streak may be the early signal to tell us that we are gradually starting the new bull cycle. Despite this bullish run, 1W remains only neutral (RSI = 50.334, STOCH = 46.185, CCI = 30.0297) indicating that the upside potential is significant.
We are long on this market aiming initially at the previous market high at 2,600.
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KOSPI: Long term Buy opportunity.The Seoul index is approaching the multi year Higher Low Support Zone on 1M, which has just turned bearish (RSI = 41.949, MACD = -21.310, Highs/Lows = -101.3235). This creates the optimal conditions for a long term quarterly buy opportunity. Based on previous similar candle patterns, the rebound is expected to go as high as +17.45%. Our target for the next three quarters is 2,400.
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