Long CLSK @16.50Same story as JMIA. Oversold and good track record - will post more track record details later.Holding until overbought and profitable.
CLSK trade ideas
Bullish Consolidation Ending
bullish kumo breakout after 125 day consolidation
mid point of PF held
triangle thing
triple bottom scoopy thing (iHS)
entry: here and/or WF HH and/or DCA and/or blue PF midpoint
exit: 33-40
SL: <15, below Cloud
CleanSpark Long on Range BreakSeeing a nice stair-stepping pattern on CLSK. This stock has had great momentum and it looks like it could be breaking out of a trading range soon. Could continue to offer great upwards momentum in the near future.
CLSK update on breakoutThis chart did indeed breakout to the upside, as did my Riot chart ( although weaker). We enter steep resistance here, most of these upside resolving wedges I post fall apart and often to back to where the broke out or completely fall apart. With recent BTC weakness I have decided to enter a safer naked put setup 15$ strike for September to juice my downside bet. I have also de-risked and left all of my options selling positions on BTC related stocks last week before the major pivot continued.
-I expect at least 15.5$ here soonish
-Followed by a dip into the demand box again.
Clean Spark is getting ready. 🚀CleanSpark (CLSK) is closely tied to the price of Bitcoin (BTC) because it is a Bitcoin mining company.
When BTC breaks out, CleanSpark tends to follow.
Currently, BTC appears to be preparing for its next upward surge, while CleanSpark is forming a symmetrical triangle pattern.
Once CLSK's price breaks out of this symmetrical triangle pattern, the next move will be confirmed, potentially targeting the previous resistance level at $40.
$CLSK Time Again?Bitcoin is consolidating at the top of a 3 month long range... coiled like a snake and looking like a cup n handle or inverse H&S pattern with targets above $90K. There is $1.5B in shorts from $72k-73K that would be massive short squeeze fodder. ALl of that to say.... CLSK has ALSO been consolidating but in a much more bullish way with bullish divergence going back to March.
I posted "looks like time to get long" on June 5th to my twitter so here is the details on the trade which is now up $2.00 (10%)
I got long-tapping the trendline at support but safest bet would have been to wait to see if Bitcoin breaks out and CLSK pops out of the supply line I used to show the divergence on the MACD.
I am a long time holder of this stock and I add when it makes sense... if you are looking at this for the first time, I would recommend applying any trading strategy looking at the levels.
This is the most profitable BTC miner stock even after the halving cut reward in half - $40 is the target long term.
CLSK ticking time bombCLSK is wedging out like many of the miners, after that wick into the daily demand the stock has a strong recovery and consolidating contraction. We see a breather on the stochastic RSI, a new wick to test the 20 EMA. I think we see a test of the golden fib again on this BTC momentum, this is 22.2$.
$CLSK back test of break outGuys, Its time. BTC ETF, ETH ETF and Election year. Pump this shit. Its go time.
CLSK JAN 2025 $20 Call Option - Bull Run play.Holding options on CLSK into Jan 2025. Looking for CLSK to take out old high, with potential TP at the FIB 1.618 extension.
BTC miner macro reversalCLSK dipped just barely into the weekly demand on a wick. I was thankfully able to average down my 25$ calls for June on this dip. I am in the red on this position but it is looking like the recovery could be massive from here. The daily stochastic RSI is fully reversed, and the weekly is just getting started. With BTC ranging over 70k this is very bullish. Id love to see a push of the golden fib here, I do believe we will be over 25$ by June 21st. I still expect new BTC all-time-highs by end of month as well.
CLSK - long, medium,short-term plans. Technical and fundamental Hello, friends! Shark here, and today we’ll be looking at the technical and fundamental analysis of the mining company stock CLSK. We will cover long-term, medium-term, and short-term plans.
Technical Analysis
Long-term Trading Plan (pink), timeframe 1 month:
Global resistance level: $40
Global support level: $1.74 (established in 2023)
Channel width: 2198%
Accumulation period: 3300 days
Note that the lows on the monthly timeframe are rising while the highs are falling, indicating an accumulation phase. Once the price breaks the global descending line, an active participation phase may begin, potentially leading to significant growth.
Medium-term Trading Plan (blue), timeframe 1 week:
Support level: $14.78
Resistance level: $23.45
Trading range: 58%
Currently, there is no clear direction, and the price moves between support and resistance, indicating an accumulation phase. The price is above the ascending trend line, pointing to a pronounced local uptrend. Consider buying at the levels indicated on the weekly timeframe.
Short-term Trading Plan (yellow), timeframe 1 day:
Resistance level: $18.32 (from daily timeframe)
Support level: $14.78 (from weekly timeframe)
The chart shows a local ascending trend line (yellow). The price has broken through resistance and is now in the middle of the channel.
Consider two scenarios:
Trading Scenario: Buy at the support level of $14.78 with a subsequent rise to the resistance level at $23.45. The potential movement is 50%.
Breakdown Scenario: If the support level of $14.78 breaks, the price may drop to $10.54 (from the daily timeframe), followed by growth to the global level of $40. In this case, the growth potential is about 400%.
Fundamental Analysis
Company Description:
CleanSpark, Inc. (CLSK) is an American company specializing in the development and implementation of energy efficiency and energy management solutions, as well as cryptocurrency mining. The company offers various software and hardware products to optimize energy consumption and improve energy efficiency.
Factors Influencing CLSK Stock Growth:
Increase in Cryptocurrency Prices: As a mining company, CleanSpark is directly affected by cryptocurrency prices, especially Bitcoin. An increase in Bitcoin’s value can significantly enhance the profitability of mining operations, boosting CLSK’s stock price.
Technological Innovations and Expansion of Mining Capacity: CleanSpark is actively investing in upgrading and expanding its mining farms. The introduction of more efficient mining rigs and increased overall capacity can contribute to higher revenues.
Energy Projects and Partnerships: The company develops energy management solutions to reduce electricity costs and improve environmental sustainability. Partnerships and contracts in this field can significantly impact the company’s financial performance.
Regulatory Changes: The introduction or modification of laws and regulations related to cryptocurrencies and the energy sector can positively or negatively affect CleanSpark’s operations. Positive regulatory changes can stimulate stock growth.
Financial Results and Reports: The publication of quarterly and annual financial reports with results exceeding analysts’ expectations can drive stock price growth.
Historical Events Affecting CLSK Stock:
Investments in Cryptocurrency Mining (2020-2021): In late 2020 and early 2021, CleanSpark invested heavily in cryptocurrency mining, leading to a significant increase in revenues and attracting investor attention, driving stock growth.
Acquisitions and Expansions (2021): The company acquired several mining farms and expanded its capacity, positively impacting its financial performance and boosting stock prices.
Financial Reports (2020-2022): The release of positive financial reports and exceeding analyst forecasts also contributed to stock price growth.
Conclusion:
CleanSpark stock has growth potential due to its activity in cryptocurrency mining, technological innovations, energy projects, and positive financial results. However, investors should be aware of the risks associated with cryptocurrency market volatility and potential regulatory changes.
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CLSK, 5/13-5/17, 5% ProfitOn 5/9/2024, CleanSpark (CLSK) reported earnings of $0.13 per share on revenue of $111.80 million for the fiscal second quarter ended March 2024. The consensus earnings estimate was $0.06 per share on revenue of $103.76 million.
$CLSKI think this is a good price to go long for those who didn't get in earlier.
After the CRYPTOCAP:BTC hits new ATH, miners will go up quickly.
Bought @ $15.39, won't sell until 2025
CLSK - strongest our of all CryptosWe are reaching levels where the stock might catch a bid. FED is now understood to be dovish so the risk is to the positive side for any favourable comments. War-worries have dissipated and the seasonal pattern is for the trend to begin risign, imminently. CLSK is the crypto stock with the best fundamentals; REV and EPS. Follow the strongest stocks.
CLSK - My money is on this minerNo other miner has these good vibes when BTC is rallying back to the highs from the recent dip.
Watch out for the rally if BTC continues tmrw.
High IV name , my preference would be commons , not options.
Long between 16-17
Stop loss - 15
Target #1 - 20
Target #2 - 24
Target #3 - 28
CLSK 14.38CLSK - struggling to stay above the 14.00 area.
Same area was hard resistance (red arrow on the left) after the stock succeed to break that 14.00 area, she keeps her momentum till the 24.50-25.00 area and from that point the stock dive to 14.00 area again, and now the same zone is intended to be a support zone (green arrow on the right)
On top of it the same area is a daily vwap supporting zone.
Possible scenario with targets on the chart:
1st target: 16.50 area
2nd target: 18.00 area
CLSK updateCLSK has a tremendous bounce and I was able to average down on limit orders on my June 25$ calls. I am way up now and going to start layering out as we approach this golden fib. Lets see what BTC does here, locking in initials today most likely. If the market likes earnings the rest of the bag will likely be ITM soon.
CLSK - Increased probability of appreciationInterpretation:
Previously disorganized Fibo clouds have gradually lined up giving favorable support to the evolution of the candles. The compacting of fibo clouds from different timeframes signals direction and strength towards the first target to be reached
Reaching the first target makes it necessary to move the stop loss to the position where the entry was made. The purpose of this action is to protect the result that has been achieved and to ensure that there is plenty of time to search for the remaining targets with a reduced risk of losing the trade.
The use of risk management, an integral part of this method, has been fundamental in achieving planned results.
Risk Return Ratio 3,26
CLSK 14.37Clsk is struggling to stay above the 14.00 area.
Same area was hard resistance (red arrow) after the stock succeed to break that 14.00 area, she keeps her momentum till the 24.50-25.00 area and from then the stock is deep to 14.00 area again, and now the same area in intended to be a support zone (green arrow on the right)
On top of i, the same area is a daily vwap supporting zone.
Possible scenario with targets on the chart:
1st target: 16.50 area
2nd target: 18.00 area
CLSK trade updateMan this thing dumped right as I entered, this is an important visualization of my initial entry and how important averaging in can be. I waited for the stock to hit the demand zone for heavier DCAs. I went with 25$ June calls here. I actually added more to the position today as well since we are now deep in demand. I expect a quick pump from BTC to all-time highs next week to be honest despite all this craziness. My thesis of the accumulation in demand and heavy bounce remains the same.
-If this does happen I will sell 33% of the calls to cover initials
-I then plan on holding the remainder for deeper profits as BTC breaches 80+k this summer
CLSK Good Explosive Stock + TargetsWell Done CLSK! its beautiful run so far with the help from Crypto Bitcoin.
it has good earning and potential to expand further in 2024 after Cryto breakout of $50,000
a strong resistance. This attracts more investors with strong volume despite Analyst's rating of $15. Its the best among other Cryto Small Cap stocks.
Targets: $22 the ceiling price above Price of analyst. Hopefully it will fulfill its destination.
Go Bitcoin, Go CLSK/ MARA / Riot.
CLSK in demandCLSK is deep into the demand zone here and ripe for a call setup. I was caught off guard with this sudden flash dump as you can see my first entry was higher than normal for my liking. I chose June for calls for this very reason. I was able to heavily lower my average as CLSK dipping into a local daily demand zone. I still think the 25$ june calls are a buy here.
-We should get another test of the golden fib within a week or three
-I expect a breakout on or before April 15th
-I will place limit orders for 200$ on these calls today
-My first target for next month is 28$
