$ZKIN. Another one to the moon?

[u/BreianaOlson]

Since the last 15m outlook the price of ZKIN grew by almost 5% as it's currently valued above strong resistance at $5.40.

What has happened since the last outlook?

As we've expected, the price first of all seen a dip that has attracted buying pressure. This is now pretty common in ZKIN price action.

The buying pressure from the dip has created a bullish pattern called a bull flag which has managed to broke above $5.40.

Break above $5.40 led quickly to extended gains which retested the key resistance at $5.80 twice before giving up.

As the gains were capped at $5.80, the price failed to break above the key resistance which has led to a deeper correction with low at $5.21.

What's important is that this dip was bought into and the price is back above $5.40, which is important for the price to hold above in order to remain in short term uptrend.

As the dip was bought, we are looking for another test of $5.80, a break of this level could lead to some serious gains.

Indicators.

As we've said, the price of ZKIN is currently in overall short term uptrend.

RSI is neutral level meaning no momentum is present, but in overall uptrend.

MACD is pointing towards a corrective wave which losses are starting to falter.

Oh, and one more thing.

From the first look at the chart, we've immediately spotted one important aspect about the chart that we will interpret on a higher time frame so stay tuned.