CloakCoin Weekly Chart Analysis 02.01.2017
Support: 15k sat.
Resistance: 30K sat. 55K sat.
Tranding Range: 15k – 25k
Expected: Breakout over 30k, target 40k, later target 55k
CLOAK could perform the breakout over 20k sat. sucessfully and a bullish flag is formed since Nov. 29th 2016. The next target is 30k sat. and later 55k sat.
UPDATE:
A break of the the orange trendline within the bullish flag could lead to a price level of 25k - 26k. Later the breakt out of the bullish flag is expected.
Currently the Cloakchart looks very bullish for the near future.
It's still time to accumulate CLOAK and stock up positions.