Poloniex : BLK would it be able to break the resistance?
The history of black coin is a little bit interesting. Near the end of May in 2015, it made a huge spike up to 23000 Satoshi. But, after that, it never broke above 11000's resistance line. Last few days, it moved toward that line again but, it moved up to 12000. You may think : "Great, it will break through it". But no my dear friend. two days later, we can observe that the shadows of the candles never met that price again and not only that, it even didn't touch 11000. So?
There is a chance that market would try once more to meet this resistance line, either it moves toward it or it will not, after few days, the price will move down to meet the 23.6% retrace and that is when I would personally expect a correction move upward.
There is a chance that market would try once more to meet this resistance line, either it moves toward it or it will not, after few days, the price will move down to meet the 23.6% retrace and that is when I would personally expect a correction move upward.
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