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
damn, bruh... I saw your post last night but was too sleepy to care. Will pay a lot more attention to what you say from now on. :D Awesome work!
Gringo1nlx
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The targets uve posted have already been hit
DollarsAndSense
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@Gringo1nlx, yes sorry i did update these we just had a nice retrace and should move again.
Franklin4573
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Late to this party...are there any new entry points? Thanks
DollarsAndSense
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@Franklin4573, I think you should wait for a better entry i will update if i see one if you follow me or the post you will get notified
AlanSantana
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The reason for the last moon is most likely the Binance news... This can really affect the price in a very positive way.
You can find some of the details on my idea:
Thanks a lot for sharing.
siLve_R88
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@alanmasters, what's with the numbers?
DollarsAndSense
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@alanmasters, Thanks for the update, we were banging up against the trendline for some time prior and it was due for a break out, once i seen the daily close above it was a clear indication on direction. I posted this trade a day or 2 ago and once it was published later found out the news on binance.
siLve_R88
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15 mins support... does that count for smtng?
BarneyG
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Cloak hits targets quickly usually, there are little coins in circulation set targets dont be left holding the bag because the orders drop immensly when we go down