ZKIN: Ascending Triangle & RSI Channel
On the 4 hour chart we can see that the price broke out of an ascending triangle and now a possible pullback up to $3.00 is expected for a retest of the broken support. So $2.87 - $3.00 USD is a price zone that I would pay close attention to.
From the other side we can see that RSI indicator is creating an Ascending Channel. All the time the indicators line reached the support line of the channel it changed direction and the price did the same as well. So we are anticipating the same move again. For more in-depth analysis check the related ideas.
Targets:
$4.08
$4.93
$6.78 exteded target
Thank you and Good Luck!
From the other side we can see that RSI indicator is creating an Ascending Channel. All the time the indicators line reached the support line of the channel it changed direction and the price did the same as well. So we are anticipating the same move again. For more in-depth analysis check the related ideas.
Targets:
$4.08
$4.93
$6.78 exteded target
Thank you and Good Luck!
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