Get started

CLOAKBTC

CLOAK/BTC (CloakCoin) “Last Move Hit >17X! New Wedge Formed!”CLOAK/BTC, 5/23/18, analysis completed at 9:00 PM EST, by Michael Mansfield.  Hi trader friends, for this post I am using “3 day” price bars with Candlestick wicks removed. And, we are using Log Scale, which can make a huge difference in look and analysis results. Read why below. But first... BOTTOM LINE FOR CLOAKCOIN: CloakCoin is likely in the late stage of a cyclical correction down. Cyclical UP-move due next. Must first break above this wedge formation @ 0.000148 (or higher, to be safe). 1st measured move price target up from there = 0.60 to 0.0066. 2nd target up = 0.0133, the highest yellow dashed line. 3rd target up = 0.0175, the upper paralleled channel line (white) on or around December 21, 2018, if we get the breakout up. Cycle highs are due November 9th and December 21st, 2018, for these two cycles. Bullish view negated if a 4 hour close below 0.00076 (dashed pink breakdown line). If breakout down, target becomes a likely consolidation down to 0.0002950 to 0.0002350 area. CloakCoin has been around since 2014 and, like some successful cryptos, has experience a few huge moves to the upside. Watch this one. MEASURED MOVE TARGETS HAVE WORKED WELL ON CLOAKCOIN. TARGET FOR EARLIEST MOVE ON THIS CHART: I measure the first all-time high and the subsequent lowest low move (1st vertical green arrow, far left of the chart). Copied that arrow, and added that price move amount to the first wedge breakout point of 0.00023 in March, 2017 (second vertical green arrow). That price range amount added to the prior wedge breakout point forecasted and matched the next all-time high in June, 2017, of 0.0038 on a closing basis! Subsequent price move amounted to a 16.5X move from the breakout point! That was not even from the low of the price swing before the breakout up. That would have been a move of 34.5X! WOW! Big move and perfect symmetry again (we talked about symmetrical price moves on our last post). CURRENT PRICE TARGETS: I measured the price range from the all-time high of rounding it to 0.0038 (closing basis) to the Andrews Pitchfork lower support line (lowest solid red line moving upward) at 0.0001886. Then, add that price range to what is likely to be the next breakout at the cyan (light blue) wedge resistance line (moving down off the all-time high tapping the recent swing high on a closing basis, on April 16th, of roughly 0.0001480. That range measures to an initial price target of 0.0066 area, a roughly 44x potential move! This potential move does not look like a 44x move because of the log scaling, but it would be! WEDGE BREAKOUT UP NEEDED BY MID JULY: VOLUME FORCE OSCILLATOR SUPPORTS BULLISH CASE: Klinger Volume Force, in the lower window, is trending up within its oscillation. It is likely to hit its lower support line within a week or two, then move higher as price rallies toward a wedge breakout. Be ready to buy the breakout up! The dashed white line is the Volume Force oscillator’s support line, from two prior swing lows ago, is a risk point for a breakout down instead of up. This is the same theory as breakouts from a wedges 2nd swing high or low breakout point. The 2nd swing point offers a high probability of a sustained move, but less of a move had you acted sooner. CYCLES: Longer-term cycle is up until December 3-12th. Shorter-term cycle (cyan color) is moving down until July 9-12 then up until November 9-12, 2018. Since larger cycles almost always dominate, the downward movement of this smaller cyan cycle may bottom sooner than the smaller cycle suggests. DISCLOSURE:   This analysis is meant for educational purposes only. You trade at your own risk!   Cheers!  Michael Mansfield CIO  
CLong
by UnknownUnicorn1613901
2
Cloakcoin will need its own planet to land onExcuse the clutter, tried to get as much historical trends in as possible. This coin has a clear history of cups and handles with huge swings going both ways. GREAT setup for the long term trader looking for 3x-5x and then reload profits. With current setup, we have a CLEAR and PERFECT Cup and Handle that bounced off several MAJOR support zones. First, on Ichimoku Cloud (which i turned off due to clutter), it bounced off the TK line, which also happened to be the .618 Fib correction line AND the 200MA. Eyes lit up on a bounce with all 3 support levels happening in the same spot! Dev team is a lot more active on Twitter and I see a new update/article out almost daily which shows they're really trying to get this baby rolling. Key Points: Market Cap: $55,949,499 USD (no..I'm not joking...its crazy low!) Supply: 5,132,840 CLOAK (no..i'm not joking...also crazy low!) POS (Proof of Stake) coin with 6% interest earned with coins in wallet (Dash has 8% but only offers to masternodes only, Cloak offers 6% to EVERYONE who simply owns the coin and puts in their wallet) Blocktime: 60 seconds (Twice as fast as Monero and Dash) Superior anonymity over Dash and Monero...and a FRACTION of the value. If this coin has the same market cap as Monero and Dash...This would be a $500-700 coin. Given historical trends of its swings and runs, huge gains ahead...and will get it now with Binance listing and recent exposure. Happy Mooning!
CLong
by rnb010
3
Cloak/BTC first target 55%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.
CLong
by CryptoFlows
1
$CLOAK.X Potential BreakoutNice cup and handle forming here. Trying to find the bottom of this correction. Once it does we can see some nice gains from CLOAK. It's a risky trade to get in now as it's still correcting but the MACD and RSI suggest it's close to bottom. This coin has been on Binance about a week now and they tend to moon within 2 weeks. The general pattern is pump/dump/bottom/consolidate/moon. Watch closely for the bottom to come soon. It will likely consolidate a little after which will make a good entry point. This trade will also rely heavily on BTC stability.
CLong
by CoinSpaceNews
2
CLOAK/BTC Triple bottom & following BTC + Binance Listing soon!Hey all, CLOAK might be a good one to watch while BTC -0.34% is on it's way up. It is closely following BTC/USD movements currently so could be some nice gains here. Not to mention the rumours of it being listed on Binance this week which could take this to the moon. -Broke out of down trend (green) will still need to close above to confirm trade though. -Triple bottomed and is bouncing of the 78.6 Fibs line which seems to be a strong support there which is a good signal. -MACD looks like it is about to cross over. -RSI is sitting around 60 so there still room to move upward from here. -Volume also coming in Lots of bullish signals here Have added in my targets also :)
CLong
by Mayhem88