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PolarHusk
Apr 22, 2021 6:04 PM

ZKIN INTERNATIONAL(100MA Good Support?)ย 

ZK International Group Co., LtdNASDAQ

Description

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๐Ÿ’ŽTechnical Analysis Summary๐Ÿ’Ž



NASDAQ: ZKIN

-From my update last week, the price continues to fall to 100D MA
-ZKIN touches the 100D MA 3x and we saw a bullish rejection on it
-The 5 dollar zone is acting good support in the midterm area
-Currently, it is starting to break outside the trendline resistance
-This is a good sign because it may have found the support
-And the Bulls are starting to enter the market today
-If we can see a strong push above 6 dollars tomorrow
-I think that is the confirmation of support at 5 dollars
-And the price could rally up to $7-$8 in the coming days
-I recommend waiting for the candle to close tomorrow
-Before making any decision to enter but If the market turns out good
-You may enter with a stop loss below its lowest wick around $4.85
-With this basic trading plan, you will have a proper risk to reward objective



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Comments
UnknownUnicorn7096092
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Keep up the amazing work!
PolarHusk
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@nusratjahan, Thanks!
ReedusFeleedus
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Wouldnt that count as double top
KlejdiCuni
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Great analysis again. Thanks for sharing!
PolarHusk
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@KlejdiCuni, Thank you! ๐Ÿปโ„๏ธ๐Ÿ™๐Ÿ˜Š๐Ÿ˜ƒ
Henry_Ross
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Thanks for the high-quality analysis! I think it's possible.
PolarHusk
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@Henry_Ross, Thanks a lot ๐Ÿปโ„๏ธ๐Ÿ™๐Ÿ˜Š๐Ÿ˜ƒ
Mars-james
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I like your idea bro.
PolarHusk
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Helical_Trades
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Great call mate
Thanks for sharing
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