-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
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