CLOAK ... The Wild Bull
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!
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)