The price of ZKIN is currently in a Bull flag, that is a bullish continuation pattern with bias to break to the upside. Alternatively we can draw this pattern as a falling wedge, but it’s a bullish pattern with bias to break to the upside.
This bull flag is expected to push the price at least to $4.00 per share, shortly followed by $4.30.
$4.30 will likely be a top based on weekly chart from where a moderate correction will be seen before any more upside.
The overall daily trend remains in strong bull trend as the price of ZKIN is above 20 EMA, a break below 20 EMA will lead to extended losses that can potentially reach $2.60 and deny this bull flag pattern. There are no technical signs why ZKIN should break below 20 EMA.
A break above $3.50 is likely to lead to extended gains all the way to $4.00 per ZKIN share!
MACD is on a corrective wave, as the price was too far away from 20 EMA. Notice how much are two EMA’s apart from each other, corrections such as this helps to reduce the potential losses.
RSI is in overall uptrend, in a trend of higher lows for a long period of time.
The overall daily outlook remains bullish as the price of ZKIN is in a daily bullish pattern, and the price can possibly this week reach a $4.00 mark per share!
Targets are located at $4.00 (37% profit) and $4.30 (47%), resulting in overall profit of 42%. (50/50)
This bull flag is expected to push the price at least to $4.00 per share, shortly followed by $4.30.
$4.30 will likely be a top based on weekly chart from where a moderate correction will be seen before any more upside.
The overall daily trend remains in strong bull trend as the price of ZKIN is above 20 EMA, a break below 20 EMA will lead to extended losses that can potentially reach $2.60 and deny this bull flag pattern. There are no technical signs why ZKIN should break below 20 EMA.
A break above $3.50 is likely to lead to extended gains all the way to $4.00 per ZKIN share!
MACD is on a corrective wave, as the price was too far away from 20 EMA. Notice how much are two EMA’s apart from each other, corrections such as this helps to reduce the potential losses.
RSI is in overall uptrend, in a trend of higher lows for a long period of time.
The overall daily outlook remains bullish as the price of ZKIN is in a daily bullish pattern, and the price can possibly this week reach a $4.00 mark per share!
Targets are located at $4.00 (37% profit) and $4.30 (47%), resulting in overall profit of 42%. (50/50)
Trade closed: target reached:
Target $4.30 reached within few days!
