CLSK / 2hNASDAQ:CLSK
The 17.5% market sell-off, since the May high >> 11.04
may be considered as an initial development of correcting down
in Minute degree wave ii (circled).
Wave Analysis >> As depicted on this 2h frame, exceeding the boundary line of the leading diagonal will highly confirm that the correction in wave ii (circled) should be underway.
The first retracement target >> 7.93
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CLSK trade ideas
CLSK / 4hThere is no change in my NASDAQ:CLSK analysis, it's worked under the May high >>11.04 so far.
Wave Analysis >> The structure of the rising expanded diagonal in Minute degree wave i (circled) is quite well over, and its correction in the same degree wave ii (circled) has begun its way down.
Trend Analysis >> The Minute-degree trend has turned downward to (likely) a relatively deep retracement in wave ii (circled) over the coming few weeks.
The leading diagonal pattern in Minute degree would align with the Minor degree trend upward >> An impulsive wave C should be likely underway. (Just its waves i, ii & iii (circled) shown on the chart.)
Fib-retracement targets for the ongoing decline in wave ii (circled) >> 7.93 >> 7.24
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CLSK / 4hAs anticipated, NASDAQ:CLSK turned down by a 17.33% decline since the May high >> 11.04, and it's very close to the estimated target >> 11.22 in my analysis on May 19!!
Wave Analysis >> The structure of the rising expanded diagonal in Minute degree wave i (circled) is quite well over, and its correction in the same degree wave ii (circled) has begun its way down.
Trend Analysis >> The Minute-degree trend has turned downward to (likely) a relatively deep retracement in wave ii (circled) over a few coming weeks.
The leading diagonal pattern in Minute degree would align with the Minor degree trend upward >> An impulsive wave C should be likely underway. (Just its waves i, ii & iii (circled) shown on the chart.)
Fib-retracement targets for the ongoing decline in wave ii (circled) >> 7.93 >> 7.24
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CLSK / 4hAs expected, NASDAQ:CLSK turned down today by an 11% intraday decline, after a swift advance >> 11.04.
Wave Analysis >> The structure of the rising expanded diagonal in wave i (circled) is quite complete now, and its correction in wave ii (circled) may have begun its way down.
Trend Analysis >> The Minute-degree trend should have turned downward to (likely) a relatively deep correction in wave ii (circled) over a few weeks.
The leading diagonal pattern in Minute degree would align with the Minor degree trend upward >> An impulsive wave C should be underway.
The adjusted Fib targets >> 7.93 >> 7.24
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CLSK / 4hAccording to the prior analysis on May 19, NASDAQ:CLSK continued to advance exactly 14.04% and completed the structure of the last subdivision of the rising expanded diagonal in a thorough (5-wave)impulse at 10.86. It's very close to the anticipated target >> 11.22!!
Trend Analysis >> The Minute-degree trend will very soon turn downward to (likely) a relatively deep correction in wave ii (circled) over few weeks.
The leading diagonal pattern in Minute degree would align with the Minor degree trend upward >> An impulsive wave C should be underway.
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CLSK / 4hAccording to the prior analysis on May 19, NASDAQ:CLSK continued to advance exactly 14.04% and completed the structure of the last subdivision of the rising expanded diagonal in a thorough (5-wave)impulse at 10.86. It's very close to the anticipated target >> 11.22!!
Trend Analysis >> The Minute-degree trend will very soon turn downward to (likely) a deep correction in wave ii (circled) over the weeks ahead.
The leading diagonal pattern in Minute degree would align with the Minor degree trend upward >> An impulsive wave C should be underway.
#CryptoStocks #CLSK #BTCMining #Bitcoin #BTC
CLSK / 4hNASDAQ:CLSK
The rising expanded diagonal in wave i (circled) may have completed.
Hence, correcting in wave ii (circled) should have begun its way down.
Trend Analysis >> The Minute-degree downtrend may have started at 10.33, it would be likely a deep correction in wave ii (circled) over the coming weeks.
>> The leading diagonal pattern as wave i (circled) is aligned with the Minor degree trend upward >> An impulsive wave C, which should be underway.
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CLSK / 4hNASDAQ:CLSK might continue to advance 14% to complete the structure of the last subdivision of the rising expanded diagonal in a thorough (5-wave)impulse.
The estimated target >> 11.22
Trend Analysis >> The Minute-degree trend will turn downward soon to (likely) a deep correction in wave ii (circled) over the weeks ahead.
The leading diagonal pattern in Minute degree would align with the Minor degree trend upward >> An impulsive wave C should be underway.
#CryptoStocks #CLSK #BTCMining #Bitcoin #BTC
CLSK / 4hNASDAQ:CLSK 's decline of 13% in three straight days now suggests that the rising expanded diagonal in wave i (circled) should be thoroughly over. The Minute-degree trend has turned down to (likely) a deep correction in wave ii (circled) over the weeks ahead.
The Fib-retracement Targets >> 7.73 >> 7.14
Trend Analysis >> The leading diagonal pattern in Minute degree would align with the Minor degree trend upward >> An impulsive wave C should be underway.
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CLSK / 4h#CleanSpark continued to rise 4% today on the last subdivision of the leading diagonal wave i(circled). As shown on the chart above, just 11% of the advance may remain, which would be before the correction in wave ii(circled).
Trend Analysis >> The leading diagonal pattern in Minute degree initially is aligned with the trend in a larger degree upward >> Minor degree impulsive wave C should be underway.
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CLSK / 4hAs expected, #CleanSpark continued to rise 4.5% on the last subdivision of the leading diagonal wave i(circled). So now, an advance of 15% lies ahead.
According to the prior NASDAQ:CLSK 's analysis, the overlapping waves that started to arise in early April all have expanded upward in a leading diagonal as the first wave of the ongoing Minor degree wave C (a countertrend rally).
Trend Analysis >> The leading diagonal pattern in Minute degree initially is aligned with the trend in a larger degree upward >> Minor degree impulsive wave C should be underway.
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CLSK / 4hAs anticipated, #CleanSpark has continued to rise 6% today on the last subdivision of the diagonal wave i(circled).
According to the prior NASDAQ:CLSK analysis, the overlapping waves that started to arise in early April all have expanded upward in a leading diagonal as the first wave of the ongoing Minor degree wave C (a countertrend rally).
Trend Analysis >> The leading diagonal pattern in Minute degree should initially be aligned with the trend in a larger degree upward >> Minor degree impulsive wave C should be underway.
#CryptoStocks #CLSK #BTCMining #Bitcoin #BTC
CLSK / 4hThe price has risen by 8% today, as expected. #CleanSpark might continue to advance >> 25% on the last subdivision of the diagonal wave i(circled).
According to the prior NASDAQ:CLSK 's analysis, the overlapping waves which started to arise in early April, may all be expanded in a leading diagonal as the first wave of the ongoing Minor degree wave C (countertrend rally).
Trend Analysis >> The leading diagonal pattern initially is aligned with the trend in a larger degree upward.
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CLSK / 4hThe rising waves that started in early April may all considered in a leading diagonal as a first wave of the ongoing Minor degree wave C(countertrend rally). So, an impulsive 5th wave of the diagonal pattern would likely lie ahead.
NASDAQ:CLSK >> 34% advance, as illustrated in this 4h-frame.
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CLSK / 4h#CleanSpark rising by 36% in three straight weeks and its wave structure (in a five-wave sequence) quite well would suggest that entire correction in Minor degree wave B could have ended at the early April low >> 6.46, which was very close to the anticipated Fib-target >> 6.27.
Technically, the trend of Minor degree should have turned upward.
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CLSK / 4h#CleanSpark has worked slightly higher in a couple of days, and its analysis in this frame has not changed so far. Over the next week, the current decline of wave y might trace out a three-wave sequence thoroughly like the prior subdivisions (w & x).
The initial target remains intact >> 6.27
>> And the ultimate target would be around 5.93.
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CLSK / 3h#CleanSpark has developed the price volatilities in overlapping waves since the late-March high (8.90), so all would be well considered as a three-wave sequence in , which its subdivisions of w and x should be over, and y has begun its way down.
Further decline of wave y (estimated >> 18%) lies ahead in a couple of weeks.
The initial target remains intact >> 6.27
>> And the ultimate target would be around 5.93.
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CLSK / 4h#CleanSpark has worked slightly higher (3.73%), so the countertrend rally in wave x would have remained in a very late stage.
The ultimate decline (estimated >> 28%) in wave y lies ahead
towards the anticipated Fib-targets and against the late-March high at 8.90.
The initial target remains intact >> 6.27
>> And the ultimate target would be around 5.93.
#CryptoStocks #CLSK #BTCMining #Bitcoin #BTC
$CLSK / 2hThe ongoing overlapping waves in NASDAQ:CLSK have revealed a three-wave sequence in both waves w and x so far. An ultimate decline in wave y may have started Wednesday towards the anticipated Fib-targets.
The initial target remains intact >> 6.27
>> And the ultimate target would be around 5.93.
$CLSK / 2hThe price volatilities in NASDAQ:CLSK have revealed overlapping waves which seem to have inclined towards the expected targets and might be framed in an ending diagonal as wave(c) of ((y)).
The Fib-expansion targets remain intact >> 6.27 >> 5.93
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