zKML looking for a 200% Move
Moving Average: The yellow line appears to be a long-term moving average, which is currently acting as support. The price has recently bounced off this line, indicating its significance.
Trend: There is a clear uptrend visible, especially in the recent price action. The price has broken past previous resistance levels and is moving higher.
Volume: Although volume isn't visible in this chart, significant upward movements often correlate with high trading volumes.
Support and Resistance: The previous high points might act as resistance. Watch for how the price behaves around these levels to gauge future movements.
Pattern: The price movement suggests a possible continuation pattern, like a flag or pennant, which usually indicates a continuation of the current trend.
Resistance Levels:
$0.30 - $0.31: The price is currently testing this resistance level, as indicated by the white line. This level aligns with previous highs and is a significant barrier.
$0.40: The next resistance level, based on previous peaks and psychological impact.
$0.50: A further significant resistance point, being a previous peak and psychological barrier.
Support Levels:
$0.20 - $0.22: The purple zone below the current price shows a strong support area where the price previously consolidated.
$0.15: Another support level marked by previous consolidation and price action, indicated by the lower purple line.
Moving Average:
The 200-period SMA (yellow line) acts as a dynamic support level. The price recently bounced off this level, indicating its significance.
MACD:
The MACD line is above the signal line, suggesting bullish momentum. The histogram also supports this upward trend.
Summary:
Current Price Action: Testing resistance around $0.30 - $0.31.
Key Support Levels: $0.20 - $0.22, and $0.15.
MACD: Indicates bullish momentum.
LETS GO!
Trend: There is a clear uptrend visible, especially in the recent price action. The price has broken past previous resistance levels and is moving higher.
Volume: Although volume isn't visible in this chart, significant upward movements often correlate with high trading volumes.
Support and Resistance: The previous high points might act as resistance. Watch for how the price behaves around these levels to gauge future movements.
Pattern: The price movement suggests a possible continuation pattern, like a flag or pennant, which usually indicates a continuation of the current trend.
Resistance Levels:
$0.30 - $0.31: The price is currently testing this resistance level, as indicated by the white line. This level aligns with previous highs and is a significant barrier.
$0.40: The next resistance level, based on previous peaks and psychological impact.
$0.50: A further significant resistance point, being a previous peak and psychological barrier.
Support Levels:
$0.20 - $0.22: The purple zone below the current price shows a strong support area where the price previously consolidated.
$0.15: Another support level marked by previous consolidation and price action, indicated by the lower purple line.
Moving Average:
The 200-period SMA (yellow line) acts as a dynamic support level. The price recently bounced off this level, indicating its significance.
MACD:
The MACD line is above the signal line, suggesting bullish momentum. The histogram also supports this upward trend.
Summary:
Current Price Action: Testing resistance around $0.30 - $0.31.
Key Support Levels: $0.20 - $0.22, and $0.15.
MACD: Indicates bullish momentum.
LETS GO!
Trade active
Here's a summary of the key points:First Resistance Level Breach: The price has moved past the $0.2845 resistance, showing bullish strength.
Next Targets: The price may now aim for the $0.3596 and $0.7035 levels.
This breakthrough suggests potential further gains if the bullish trend continues.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.