Cloak/BTC first target 55%

6 mai 2018

As we can see, cloak has broken from the 3 month long wedge. Vlume is rising up on the breakout, daily candle will be most likely closed above the breakout point and that would be the time for us to buy some. 0.0018 looks like a perfect entry. Close above 0.0002084 since today is the closing day of the weekend candle, would signify the possibility of this scenario to happen since it would be as well breakout from the huge cump and handle. I would therefore recommend cautious traders wait for that to happen. The last significant point is that Stoch RSI is just breaking to the upside on the dialy, and is already flying on the weekly. First target would be 0.032 which is measured from the break out of the handle. Then we can buy in cheaper, and go for the second target at 0.0062, which is measurment of the breakout from the 3 month wedge. In the best case we would achieve something around 250%. Play it safe, keep track of volume, and don't be too greedy.