Downward Trend for BlackCoin Continues

Downward Trend for BlackCoin Continues

BlackCoin is on a very steady decline against the Bitcoin. It continues to produce lower lows and lower highs while moving within the descending channel.

After a strong corrective move up, on the 18th of September, BLK/BTC rejected the 200 Moving Average and fell down at the same speed it was rising.

On the 21st of October, Blackcoin yet again made a new lower low since March 2017, and the downtrend doesn’t seem to end.

If it very likely that the next wave down will follow, and the BlackCoin will move down to test the lower channel trendline.

Black Coin Chart