BlackCoin Has Proved It Worthy

Following the previous idea on BlackCoin, it has proved it worthy, while it broke above the strong resistance area between $0.35-0.4 and went above our upside target that was at $0.95.

Currently, BLK /USD corrected back to the previous resistance area: $0.35-0.4 which has been rejected together with the 4/1 Gann Fan trendline. The uptrend is likely to continue, although it is questionable whether BlackCoin will manage to produce a new all-time high or will form a double top at $1.25 near the previous high, as this is where the first strong resistance is. Break above the $1.3 should confirm a long-term uptrend, while the break below the $0.36-0.44 support area could invalidate bullish outlook.
Comment: BlackCoin at the support

Crypto Signals >>>

VIP Results Channel >>>

Free Telegram Channel >>>

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.