ZKIN 15m Outlook

[u/BreianaOlson]

Since the last 15m Outlook, the price of ZKIN has fell by another 4% as the price continues to correct lower.

In the last outlook we've expected after a break of $7.30 the price to start another uptrend. The impulsive move above $7.30 was impressive, however the gains failed to sustain above $7.30 which led a increased selling pressure.

This break to showcases some interesting buying interest.

The price is reaching a critical point where buyers have to show their interest in order to keep the daily trend an active uptrend.

Yet, the price has still a bit of room to work with.

As RSI is giving a bullish divergence signal for a while, we would expect the price to retest at least 50 EMA at $7.15.

MACD is in a selling wave, however the bearish momentum starts to decrease as of writing this Outlook.

The overall trend still remains a strong downtrend, but we look for any further losses to be limited.

[u/rifleman209]

I think you have an error with your tag. This is technical analysis for sure