Apparently, ZKIN likes to create channels before moving back up. The price is close to a strong support area. Now we need to see a strong reaction before jumping into this trade and buy again. Recently the stock market has moved with a low volume and this creates a high failure rate for the models. This week the volume looks a bit better and we may see some price...
The price for ZKIN has broken out from the
large falling wedge pattern.
It has now formed a descending channel down
to test the support level.
Looking for the support to hold and
move to the upside!
this idea was meant to be a private one for our greatest donator with a total donation of 2k$ +
the bearish bias of this chart is going to end soon as the bulls get in and out in a flash! after such an enormous slippage which is still correction of latest pumps the chart starts to go slowly for its targets so don't rush for profit and expect the recent pump to...
From the previous analysis, we can see that price keeps creating patterns but in small shapes. This is showing a contraction of the price and increasing the value of the support zone. Soon we may see a bullish movement. Watch for the channel break out.
Targets on the chart
Thank you and Good Luck!
🛑Disclaimer🛑
The content of this analysis is subject to change...
On the daily chart, the price seems to be creating a potential head and shoulders. The neckline in this situation is slightly wider from $ 4.3 to $ 5.1
On the other hand, we can see that the MACD lines are in the oversold area and we have to wait for the signal line (in blue) to cross over the orange line, and for that, we have to look at it in a lower time frame....
💎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...
Why The Stock Market Is Underperforming?
Recently we have seen that the stock market has not performed very well. Some of these developments are not related to specific stocks or industries. Below I have pointed out some of them:
According to a FxStreet report the Biden administration’s proposes:
1. To raise the headline rate of corporate tax from 21% to 28%,...
The price for ZKIN has reached the
resistance level and got rejected.
It is now forming a bull flag pattern
within the range.
Looking for the price to go lower to test
the support level once again to form
a double bottom and bounce from there!
On the bigger picture, we can see that the price reacted from the bullish harmonic and this can be taken as upside confirmation. From the other side on lower time frame price is creating a potential bullish flag. A break out of the price above the flag would confirm for more upside.
Targets:
$7.47
$9.07
$10.79
Thank you and Good Luck!
🛑Disclaimer🛑
The content...
Not an advisor.
ZKIN is battling to get back in the upper channel (giant pitchfork shown) MACD is crossing bullish (on daily) waiting on the moving averages to golden cross. Divergence on the daily chart from previous highs is on the RSI. I believe the next bull run we are going to see some real strength shown on ZKIN. If you zoom out on the chart we also have a...
After price broke out from the channel we can see an indicision in the market direction. This is quite visible because price is crrating a potential Bullish Flag. A break out of the price above the flag would confirm for a higher movement.
Thank you and Good Luck!
🛑Disclaimer🛑
The content of this analysis is subject to change at any time without notice. Trading...
💎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...
After the price broke out from the "Descending Channel" we can clearly see that price broke out from our key level $6.33 on the previous analysis. Now the question is: How Can We Deal With This Situation Where Two Scenarios Are Involved?
If the price is going to break above $$7.06 then the next targets are $7.47 and $9.09. The time involved here is something that...
The price for ZKIN has bounced nicely at the strong
support level as mentioned in the previous post.
We do see a small resistance @ $7.00.
Will be waiting for the price to break out from
this level for more upside continuation!
The price of ZKIN has been corrective for some time and it has almost turned into an overall downtrend.
However the losses were capped at $4.86 where the price found price on overall uptrend line (scroll to see) and has formed a reversal pattern.
The price is currently a bit overbought and I expect the price to correct a bit before any more upside.
I expect a...
As we can see from the previous idea the price reacted very well. We can see a move from $5.37 up to $5.98 (or 11.36%). Now we need to see the price above $6.33 for a more bullish movement.
Trade with care.
Targets:
$7.47
$9.07
$10.79
Thank you and Good Luck!
Previous idea:
🛑Disclaimer🛑
The content of this analysis is subject to change at any time without...
Hello fellow traders and investors, this stock was brought to my attention by another trader on trading view: KlejdiCuni. I thought I would do some research on this opportunity and share it with you guys.
ZKIN has recently pulled back to the support area, if it makes a recovery to the take profit area it offers a 70 to 85% ROI.
Technicals:
The Macd indicates that...
