BLACK COIN (BLK/ BTC) POSSIBLE TREND REVERSAL?
HEY TRADERS, IF YOU TAKE A LOOK AT THE YELLOW AND RED RIBBONS SIGNIFYING BOTH EMAs YOU'LL SEE THAT THEY MAY CROSS OVER SOON. IF THIS HAPPENED, WE WOULD ENTER A TREND REVERSAL/ BEAR RUN. MEANING A BUY OPPORTUNITY FOR THOSE GOING LONG ON BLK. HOWEVER, MOMENTUM SEEMS TO BE INCREASING DOWNWARD, NOT UPWARD. SO IT SEEMS THAT IT'S MORE LIKELY THAT A TREND REVERSAL WILL NOT OCCUR, BUT WE WILL STILL ENTER A BEARISH RUN. STILL A BUY OPPORTUNITY. RSI SEEMS TO BE STABLE SO I DON'T EXPECT ANY MAJOR CORRECTIONS FOR THIS COIN.
HAPPY HUNTING!
**Please note that the information contained in or provided above is not intended to be and does not constitute financial advice, investment advice, trading advice or any other advice.**
HAPPY HUNTING!
**Please note that the information contained in or provided above is not intended to be and does not constitute financial advice, investment advice, trading advice or any other advice.**
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