ZKIN INTERNATIONAL(Retest 100D MA or go Higher?)
💎Technical Analysis Summary💎
NASDAQ: ZKIN
-ZKIN broke out of the trendline resistance a few days ago
-And the price started trading above 6 dollars range
-Currently, we can see the ZK is showing a little weakness
-This may lead to a potential retest of the 100D MA support
-If the 6 dollar support failed to hold in the coming days
-I think to go down to mid 5 dollars range where the 100D MA is located
-This will be the second retest of the support and potential act as support again
-But if we don't see any pullback, this could play out a mini bull flag
-And target the $8 to $9 resistance zone next week
-For me, the major support is at 4.8 dollars
-As long this level will hold until the midterm
-I think any bullish scenario still considered
-But the only question now is the chances of probabilities
-In terms of risk management, 4.8 dollars is our exit point
-Please always trade responsibly and follow your set of rules
-Have a nice day 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!😊💕💖
``````````````````````````````````````````````
NASDAQ: ZKIN
-ZKIN broke out of the trendline resistance a few days ago
-And the price started trading above 6 dollars range
-Currently, we can see the ZK is showing a little weakness
-This may lead to a potential retest of the 100D MA support
-If the 6 dollar support failed to hold in the coming days
-I think to go down to mid 5 dollars range where the 100D MA is located
-This will be the second retest of the support and potential act as support again
-But if we don't see any pullback, this could play out a mini bull flag
-And target the $8 to $9 resistance zone next week
-For me, the major support is at 4.8 dollars
-As long this level will hold until the midterm
-I think any bullish scenario still considered
-But the only question now is the chances of probabilities
-In terms of risk management, 4.8 dollars is our exit point
-Please always trade responsibly and follow your set of rules
-Have a nice day 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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