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CLOAK Getting Ready

Oleh myceliium
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BITTREX:CLOAKBTC is starting to look ready to rally once more. It seems to have found it bottom in the downtrend, unable to create a lower low, and is oversold at the moment. There is also congestion of multiple moving averages happening at the moment which suggest a strong move inbound. Since it appears that sellers are unable to break the support I think its safe to assume CLOAK is ready to reverse. Ultimately this move may heavily be dependent on what BTC does next...
Nota
First TP was hit by the wick last night and with a little more volume TP1 may be broken today
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ALTSChart PatternscloakCLOAKBTCcryptoCryptocurrencyTechnical IndicatorssupportTrend Analysis
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