ZK INTERNATIONAL GROUP (Bullish Triangle Pattern?)
💎Technical Analysis Summary💎
NASDAQ: ZKIN
-ZK is following the 9MA & 20MA daily support zone since the October uptrend
-It is now forming a potential ascending triangle pattern
-We can see a resistance zone at the body of daily candles between $2.55-$2.65
-This resistance area has been tested 6x and currently being tested today
-From a strong bounce at 20MA support area at $2.22
-The price has been consolidating now for 35 days
-This is a good sign because the Bulls has managed to keep the price at this high
-Respecting and trading above important Moving Averages
-If you are aggressively anticipating an upside breakout in the coming days or weeks
-And want to start scaling in, you may enter a buy position once the price touches the 20MA
-And have a stop loss below the 20MA if the daily candle bearish
-The key here, is to have a trading plan and not get FOMO every time
⚠️Please always read the description⚠️
A big Thanks for donating 💰 via Tradingview coins this week to CryptoConsultingServices 🙏🎉
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Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
``````````````````````````````````````````````
Thank You All!🙏😊💖For Supporting My Channel 📺
Through Leaving A Thumbs Up, Comment & Follow 💬
Happy Trading!😊💕💖
``````````````````````````````````````````````
NASDAQ: ZKIN
-ZK is following the 9MA & 20MA daily support zone since the October uptrend
-It is now forming a potential ascending triangle pattern
-We can see a resistance zone at the body of daily candles between $2.55-$2.65
-This resistance area has been tested 6x and currently being tested today
-From a strong bounce at 20MA support area at $2.22
-The price has been consolidating now for 35 days
-This is a good sign because the Bulls has managed to keep the price at this high
-Respecting and trading above important Moving Averages
-If you are aggressively anticipating an upside breakout in the coming days or weeks
-And want to start scaling in, you may enter a buy position once the price touches the 20MA
-And have a stop loss below the 20MA if the daily candle bearish
-The key here, is to have a trading plan and not get FOMO every time
⚠️Please always read the description⚠️
A big Thanks for donating 💰 via Tradingview coins this week to CryptoConsultingServices 🙏🎉
``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
``````````````````````````````````````````````
Thank You All!🙏😊💖For Supporting My Channel 📺
Through Leaving A Thumbs Up, Comment & Follow 💬
Happy Trading!😊💕💖
``````````````````````````````````````````````
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