BlackCoin Showing Signs of Life

[Cordillerabit]

On the 15th of September BlackCoin tested $0.88 low, after a heavy downtrend. After which it immediately corrected up, regaining 220% in just 4 days.

Since then it has been trading within the triangle pattern, rejecting the support at $0.15 multiple times. On the 29th BLK/USD broke above the triangle as well as 200 Moving Average, suggesting that the growth might be just around the corner.

Yesterday BlackCoin rejected 200 Moving Average which this time acted as a support and today BLK produced and new higher high testing $0.21.

The consolidation could be over and BlackCoin might be bullish for short to medium term. The first target is 61.8% Fibs at $0.23, while if broken it should grow as high as $0.32, that is 127.2% Fibs.

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