ZK INTERNATIONAL (Key Support Found?)💎Technical Analysis Summary💎
NASDAQ: ZKIN
-The price respected the 0.5 Fib support level twice
-Today's candle is the confirmation of a new support area
-Currently, ZKIN is testing important resistance trendline
-This is the level that needs to break to continue its upward move
-If this resistance level can't be broken today
-Next week trading would be really interesting
-Because we will have a decision-making scenario
-Technically, the market is shifting from ranging to an uptrend
-Our trading bias or priority remains on the Bullish side
-If you are aggressively entering for Long position
-You should place a stop loss below 0.5 Fib
-But if you want a conservative entry point
-Waiting for the trendline resistance breakout is the next option
-Please always have a trading plan and execute them properly
-I will publish a new analysis once new data come into play
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Zkinusd
ZK INTERNATIONAL (Daily 20MA Good Support?)💎Technical Analysis Summary💎
NASDAQ: ZKIN
-It seems the 3.7 dollar is a strong resistance zone
-The price was unable to break its previous High
-ZKIN has pulled back to its 20MA support area
-We still have a few hours left before this daily candle closes
-It seems to be the 3 Dollar zone is acting as a good support
-This is also a confluence of previous resistance last Nov 25, 2020
-All major moving averages are still below the price
-So basically, the trading priority is going Long
-If you are an aggressive buyer, you can start to scale in
-Just above the 3 dollar area provided there are signs of strength
-But if you want to be more cautious and wait for extra confirmation
-A breakout above the trendline resistance is your next option
-The upside target is the recent High around 3.7 dollars or higher
-For now, I'm expecting a potential consolidation in the next few days
-There is no major red flag yet provided the over-all market condition is in our favor
-Once the market saw new development, I will try to share my new analysis
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ZKIN 1D Soon a new movement upWe continue the series of Zkin stock ideas as the inverted H&S global figure is very attractive and in action now.
It's been a month since the publication of our previous idea.
Whoever listened to our previous idea had a great chance to earn 50% on Zkin stock price move up .
Now the price is consolidating above the level of $3.20, so to speak, concreting it from above.
This price behavior can be seen as preparation for further upward movement.
We can assume that the next move up will again reach +45-50% to the level of $4.60.
However, do not forget about the stop , it is logical below 3.
If we look at the history of the stock price movement, we can see that in the zone of $3.20-4.60 before there was a certain consolidation, before further downward movement. Therefore, we doubt that now, for the first time the price will be able to move above $4.60.
We also recommend to look through our previous ideas of the Zkin stock. You will be able to read general information about ZK International Group Co., Ltd and understand our logic of stock analysis.
ZK INTERNATIONAL GROUP (Retest Previous Daily Resistance)💎Technical Analysis Summary💎
NASDAQ: ZKIN
-ZKIN did a good job breaking above the previous top around 3.06 Dollars last Jan 5 2021
-The price climbs up to the Fib extension resistance 1.618 or around 3.82 dollars
-ZKIN has pulled back -19% to retest previous resistance of Nov 25 2020 top
-If this is can switch into new support territory in the next few days
-The chances to retest the 3.82 dollars will definitely increase
-And if it can break above 1.618 Fib extension resistance
-The next target is up to 4.29 dollars
-Currently, the 9 Moving Averages is catching up with the price
-This could give an extra layer of support in the short-term
-If we can see 3 consecutive daily green candles
-That is a good sign of support confirmation
-For now, there is no major red flag in the market yet
⚠️Please always read the description⚠️
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Trading Involves High Risk ⚠️
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A NASDAQ Blockchain Stock! ZKINHey! I am back with another analysis, this time once again looking at ZKIN.
I analyze ZKIN since it broke the $2.00 mark and is currently 75% since my first analysis, where you can find out more about the fundamentals of this Company and a weekly outlook that is still viable.
Currently ZKIN is headed for another resistance area located at $4.30 - $4.15 although I will be taking profit below $4.15, if the price breaks $3.80 per share.
I will also be looking to buy the support area at a price slightly above $3.15 ($3.16, $3.17..)
The daily candles are very bullish and can be marked as an opposite of a free fall!
Daily outlook for this Stock is pretty bullish.
Good luck with this stock!
ZK INTERNATIONAL GROUP (Strong Weekly Start)💎Technical Analysis Summary💎
NASDAQ: ZKIN
-ZKIN started the 2021 week on a strong breakout above the previous high
-We have now new local support of around 2.65 dollars
-This will be our immediate support in the short-term action
-Looking at the weekly market structure, the Bullish H&S was confirmed last Nov 2020
-If the Bulls can keep the momentum, we can expect the next target zone around 4-5 dollars
-This area is a confluence of Fib resistance 0.5 - 0.618 level
-We can see last Feb 2019 a strong rejection at this Fib resistance zone
-This can act as resistance again or a good profit-taking zone
-As always, plan and follow your trading objective
-A disciplined trader will never let his emotion overcome his mission
-Over-all the market priority is up, if you missed this opportunity do not get FOMO
-Please patiently wait for a good trade setup like a pullback at support
⚠️Please always read the description⚠️
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Please Exercise Risk Management 💱
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ZKIN Buy the uptrend setup.ZKIN - Intraday - We look to buy at 2.33 (stop at 2.17)
20 4-hour EMA is at 2.37
The price continues to find uptrend on 20 EMA.
We look to buy dips.
Dip buying offers good risk reward.
Daily signals are bullish.
The bias is to break to the upside.
Trend line support is located at $2.33.
Price has formed a bullish ascending triangle formation.
Our profit targets will be 2.95 and 3.19
Resistance: 3.00 / 3.20 / 3.40
Support: 2.80 / 2.60 / 2.40
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 💱
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Thank You All!🙏😊💖For Supporting My Channel 📺
Through Leaving A Thumbs Up, Comment & Follow 💬
Happy Trading!😊💕💖
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NASDAQ Secret stock - ZKIN.Hey! Today I am here with another ZKIN analysis as this stock is in a strong uptrend.
From a first look at ZKIN 4-hour chart we can spot a very clear uptrend which the “4h uptrend line” confirms, and we may also call this a bullish channel, which has bias to break to the upside.
Without looking at any indicators, this stock is in a strong uptrend even though to the people who look at it daily, the performance may seem mediocre but I assure you this is an more than above average performance.
One fact I've like to share is the fact that ZKIN has new recent high at $3.23 per share, stepping up the last high by $0.06.
And what if we look at indicators? Let’s take a look shall we.
I've made the 50 EMA, the orange one, a bit thicker for this analysis as it’s important to point out the fact that the price still continues to find support at the 50 EMA. This also confirms another fact, and that is that the dips continue to attract, as whenever the price dips to a 50 4h EMA, it immediately bounce to the upside, sometimes resulting in a spike to the upside.
So you can easily buy the dips at 50 EMA or buy the bounce from 50 EMA with this stock as it’s pretty easy to trade or dollar cost average into.
RSI has performed a triple bottom and broke a recent high which can now lead to extended gains. It’s above 60 and volatility is expected to be seen now.
MACD after two strong selling waves is now on a buying one with a buying volume increasing.
Current resistance is located at $2.40 per share, followed by $2.60.
Current support is located at $2.30 and $2.25 per share.
ZK INTERNATIONAL GROUP (Triangle Pattern Daily Consolidation)💎Technical Analysis Summary💎
NASDAQ: ZK INTERNATIONAL GROUP CO LTD
-Daily timeframe shows the price is following the 20MA
-We can see two rejection candles around $3.0-$2.8
-If we plot two trendlines, we can expect ZKIN to consolidate for at least 40 days
-Before a decision making at the apex of the triangle pattern
-For now, trading priority is still up but we need the price to get above the 0.5 Fib level
-And give us a follow-through to break the downward trendline resistance
-So that our Monthly and Weekly Bullish bias will increase up to the mid-term price action
-This is a wait and see game, so being patient is part of the trading
⚠️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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ZKIN 1D A strong momentum is closeWe continue the series of Zkin stock ideas as the inverted H&S global figure is very attractive.
It's been 7 days since the publication of our previous idea. This week was spent in consolidation and a symmetrical triangle was formed.
Since the price is already at the end of the figure, the breakthrough may happen this trading session or tomorrow. You need to closely monitor and keep your finger on the pulse.
The break down can move to close the gap in the zone of $1.76-1.83 and at the same time give a chance to tasty buy in long.
Why long? Look our global idea , where the inverted H&S is clearly visible.
A break of a symmetrical triangle up above $2.30 can immediately and quite quickly direct the price to the first level of the target above $3.20.
Forewarned is forearmed :)
ZKIN 1D Strong growth is more possible than fallIt's been 10 days since the previous ZKIN idea was published. As it started to work out, about as we expected , we suggest to consider it on a smaller time frame.
At the same time, we recommend you to review our previous ZKIN idea , because there we described general information about ZK International Group Co., Ltd. , as well as a perfect view of the global picture.
So, the ZKIN stock cost made an attempt to close the gap we wrote about previously. The low was $1.83, where the rebound of 40% began. Impressive volatility, as for the stock market.
Since the gap is in the zone of $1.76-1.83 , we can assume that the price will fall again in this zone to confidently close it.
But we think that buyers will be more active again and will buy out a stock there.
Further rebound can be expected much stronger , focusing on the levels painted on the chart - $3.20, $4.60, $5.90
Probably, this accumulation before the shot upwards will last no longer than the end of the month.
In general, the picture looks very bullish , especially in the month timeframe, look the additions in the idea comment.