06.07.2017 - CLOAK ... The Wild Bull ... Break out?
CLOAK ... The Wild Bull ... Break out?
Cloak is in a consolidation. The day before yesterday the 61% Fibo level had been tested and we have seen a small reversal there from 225k sat. Yet the price is still declining with low volume, which is typical for a correction.
The rally will go on once the downtrend is broken. As the chart pattern looks like a falling wedge we might see a very strong rally, once the breakout is successful!
The day is almost over and it looks very positive or Cloak Bulls. Tomorrow we could see the breakout from the downtrend since the ATH at 550k nine days ago.
Next target is around 700k sat. or 1 Million sat. (0.01 BTC / CLOAK)
It's accumulation time now.
Important price levels and targets
Strong Support: 195k sat.
Resistance: 345k sat. 480k sat. 550k sat.
Target: 700k sat. 1M sat. (0.01 BTC / CLOAK)
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