South Korea’s FSS Urges Asset Managers to Limit Exposure to Crypto Stocks
FSS Regulations on Crypto Investments: South Korea's Financial Supervisory Service (FSS) has advised local asset managers to limit their investments in crypto stocks, particularly those of companies like Coinbase and MicroStrategy, due to existing regulations that prohibit institutional investors from holding cryptocurrencies or related derivatives.
Impact on ETFs and Market Expectations: The FSS's advisory sparked backlash among ETF providers since retail investors are not subject to the same restrictions. Despite the challenges in implementing these changes, there are expectations for a shift in regulatory stance following the election of pro-cryptocurrency candidate Lee Jae-moon.
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Technical Analysis for ACE
Technical Sentiment Analysis for Fusionist (ACE) As of , Fusionist (ACE) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ACE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, ACE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Fusionist (ACE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0573 | 0.104 | 0.147 | 0.194 | 0.237 | 0.284 | 0.327 |
| Fibonacci | 0.104 | 0.138 | 0.159 | 0.194 | 0.228 | 0.249 | 0.284 |
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