ZKIN INTERNATIONAL (Test The 100D MA?)

15 apr 2021

💎Technical Analysis Summary💎



NASDAQ: ZKIN

-ZK continue to trail below the trendline resistance
-The price is currently rejected by the 50D MA
-We haven't seen any strong move up by the Bulls
-ZK is now -60% from the high price
-When do we expect any potential reversal?
-Since we have lost the 50D MA area
-The next important key level of support is at 5 dollars
-This is very crucial and the Bulls must defend this region
-The 5 dollar area has been resistant and flips to support before
-If we will see the same reaction last time
-I think this area is a high probable for short term reversal
-The 100D MA also coincide in this area which may act as support if tested
-This is a wait and see scenario planning
-So please make sure you have proper risk management
-Never go all-in and always protect your capital
-I will update this idea once I see a good sign of strength
-For now, be patient and wait for the correct signal to enter



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