Get out your moon boots!
Updated
CLOAKBTC H Bittrex
Cloack having spent a long period in a tight range has started to catch the eye. Its been banging up a against a resistance Trendline for some time and on the daily bar yesterday closed above the line for the first time with todays bar having already retested and bounced long. So on the daily it has Advanced through the kevel, pulled Back to it, and then Advanced in the original direction. It’s the classic ABC on the Daily Chart and has me looking hard for a Long entry on the Shorter Time Frame.
On the Hourly chart it has been putting in lovely Higher Highs and Higher Lows, with last high extremely Bullish. It has just pulled back and towards the 20 EMA (Blue line) and recent Horizontal level 0.00105 and I am going to pre-empt the move and buy at current levels.
Because the entry is so aggressive I am going to use a stop loss off 0.00101.
Targets are The first bar to close above my entry bar, close a small amount of your trade.
Other Targets are just before my blue dotted lines
0.00125 Target 1
0.00134 Target 2
0.00145 Target 3
Price is moving quite strong already you can open positions.
Cloack having spent a long period in a tight range has started to catch the eye. Its been banging up a against a resistance Trendline for some time and on the daily bar yesterday closed above the line for the first time with todays bar having already retested and bounced long. So on the daily it has Advanced through the kevel, pulled Back to it, and then Advanced in the original direction. It’s the classic ABC on the Daily Chart and has me looking hard for a Long entry on the Shorter Time Frame.
On the Hourly chart it has been putting in lovely Higher Highs and Higher Lows, with last high extremely Bullish. It has just pulled back and towards the 20 EMA (Blue line) and recent Horizontal level 0.00105 and I am going to pre-empt the move and buy at current levels.
Because the entry is so aggressive I am going to use a stop loss off 0.00101.
Targets are The first bar to close above my entry bar, close a small amount of your trade.
Other Targets are just before my blue dotted lines
0.00125 Target 1
0.00134 Target 2
0.00145 Target 3
Price is moving quite strong already you can open positions.
Note
Still moving strong :) Everybody loves profits for the weekend!Note
With a heading Get on your moon boots I am glad accuracy was in the TA!Trade active
New Targets MAKE SURE YOU BANK PROFITS but if want to see next targets I have put them below just bank profits on way as these are a fair reach.0.001754 Target 1
0.001985 Target 2
0.002381 Target 3
Note
It has also been noted that this coin has lodged and is set to be listed on Binance.This could break some very nice targets depending on timeframe of their listing.'
I believe info is on their twitter
Note
cloak has found some support looks like we consolidate before our next move upNote
This trade has hit target 1, 2, 3, and 4 now 3 times on each run.I hope you have banked profits each time.
Volume is still rising and we are sitting on a support, we may see another run and be aiming for targets again.
Also keeping in mind the fundamental news on their binance listing.
If I see another entry point I will be taking it and update you.
Note
Hope everyone still has on their moon boots as we have just taken off again.I expect we will see a retrace now and then continue up.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.