ZKIN INTERNATIONAL(Retest Important Key Support?)
💎Technical Analysis Summary💎
NASDAQ: ZKIN
-ZK failed to hold above 7 dollar area last week and now trading around 5 dollars
-This is technically not a good sign in terms of price action
-The good news is the price is reacting at the 20MA in the 6D time frame
-ZK bounces from this Moving Average the first time it tested last April 19
-The 5 dollars key support area and with the confluence of 20MA
-May act as a good demand zone if the history repeats itself again
-The price has been in a decline action since March 23 and retraced by -66%
-I'm still expecting another attempt to push above 7 dollars
-Before deciding if the trend can continue higher or start to end the cycle
-The 4.87 dollars is my invalidation level as long as this price holds
-If the trend is still our friend, we will try to trade our bias until the cycle ends
-As always, please manage your risk and follow your trading plan
-See you and stay safe everyone!
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins bitcoinpam 🙏🎉
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Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
``````````````````````````````````````````````
Thank You All!🙏😊💖For Supporting My Channel 📺
Through Leaving A Thumbs Up, Comment & Follow 💬
Happy Trading!😊💕💖
``````````````````````````````````````````````
NASDAQ: ZKIN
-ZK failed to hold above 7 dollar area last week and now trading around 5 dollars
-This is technically not a good sign in terms of price action
-The good news is the price is reacting at the 20MA in the 6D time frame
-ZK bounces from this Moving Average the first time it tested last April 19
-The 5 dollars key support area and with the confluence of 20MA
-May act as a good demand zone if the history repeats itself again
-The price has been in a decline action since March 23 and retraced by -66%
-I'm still expecting another attempt to push above 7 dollars
-Before deciding if the trend can continue higher or start to end the cycle
-The 4.87 dollars is my invalidation level as long as this price holds
-If the trend is still our friend, we will try to trade our bias until the cycle ends
-As always, please manage your risk and follow your trading plan
-See you and stay safe everyone!
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins bitcoinpam 🙏🎉
``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
``````````````````````````````````````````````
Thank You All!🙏😊💖For Supporting My Channel 📺
Through Leaving A Thumbs Up, Comment & Follow 💬
Happy Trading!😊💕💖
``````````````````````````````````````````````
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