CLSK / 2hNASDAQ:CLSK
The retrace up in wave (x) of the correcting down in wave ii(circled) should be over, and the following decline of its same degree wave (y) may have started its way down. So, the short-term bearish case remains intact.
The Retracement Targets >> 7.93 >> 7.84
#CryptoStocks #CLSK #BTCMining #Bitcoin #BTC
1CLSK trade ideas
CLSK / 2hNASDAQ:CLSK closed the week with an expected 11% swift retrace up to complete the structure of the wave (x) in a three-wave sequence.
The short-term bearish case remains intact well. A decline of 19% in wave (y) of the ongoing ii(circled) would likely lie ahead.
The Retracement Target >> 7.93
#CryptoStocks #CLSK #BTCMining #Bitcoin #BTC
CleanSpark Inc. (NASDAQ: CLSK) Stock Analysis and ForecastCleanSpark Inc. (CLSK) recently experienced a pullback from the $11.09 level, closing at approximately $9.36 at the end of last week’s trading session. This movement may indicate the formation of another lower low, aligning with the current broader market sentiment.
Upon reviewing the technicals, particularly the ascending trendline, the following entry strategy is proposed for potential trading opportunities:
Entry: $9.36
Stop Loss: $8.47
Take Profit 1: $12.00
Take Profit 2: $12.50
As always, it’s crucial to approach trading decisions with caution and implement appropriate risk management strategies.
Reason: The analysis is based on recent price action and technical patterns, but market conditions and external factors can shift trends unexpectedly.
If you found this analysis helpful, please like, comment, and share.
CLSK / 2hToday, NASDAQ:CLSK declined by 5.3% under extension of the diagonal boundary line, which well functioned as a resistance line. The developing wave so far may considered as the second subdivision of the wave (x) upward.
>> There are differing formations that an entire correction may develop.
The short-term bearish case remains intact. An estimated decline of 21% is anticipated to follow after the completion of the ongoing wave (x).
#CryptoStocks #CLSK #BTCMining #Bitcoin #BTC
CLSK / 2hNASDAQ:CLSK worked marching in place today. The short-term bearish case >> decline of wave (a) in progress remains intact. It would be considered just as an initial subdivision of correcting down in Minute degree wave ii (circled).
Wave Analysis >> 24% continuous decline, exceeding and closing the last week under the boundary line of the leading diagonal, all highly confirms that the correction in wave ii (circled) is quite well underway. It should be a relatively deep retracement and will take the coming few weeks.
The retracement target for wave (a) >> 7.93
The next target for wave (c) of ii(circled) >> 7.24
#CryptoStocks #CLSK #BTCMining #Bitcoin #BTC
CLSK / 2hNASDAQ:CLSK retraced up 3.4% today and stayed under the diagonal boundary line extension. It may considered as the first part of the wave (x) upward.
>> There are differing formations that an entire correction may develop.
The short-term bearish case remains intact. A decline of 21% is expected to follow after completion of the ongoing wave (x).
#CryptoStocks #CLSK #BTCMining #Bitcoin #BTC
CLSK / 2hNASDAQ:CLSK worked 7% retracing up today. There are differing formations that a correction may develop. So, the short-term bearish case remains intact. The decline by 24% may considered as wave (w), and a retracement in the following wave (x) should be underway.
#CryptoStocks #CLSK #BTCMining #Bitcoin #BTC
CLSK / 2hAs anticipated, NASDAQ:CLSK continued to sell off >> 6% today and closed the week with an 11% decline in total. Now 16% is left to complete the structure of the entire correction in wave ii(circled) in a three-wave sequence >> (w)(x)(y).
The Retracement Targets >> 7.93 >> 7.84
#CryptoStocks #CLSK #BTCMining #Bitcoin #BTC
CLSK / 2hNASDAQ:CLSK has retraced 72% of the wave (w) so far in a three-wave sequence as the corrective wave (x).
The short-term bearish case remains intact. A decline of 22% in the same structure & degree as wave (y) of correcting down in wave ii(circled) is well anticipated.
The Retracement Targets >> 7.93 >> 7.84
#CryptoStocks #CLSK #BTCMining #Bitcoin #BTC
CLSK / 2hNASDAQ:CLSK well continued to decline by 23% since the May high >> 11.04.
It would be considered just as an initial development of correcting down in Minute degree wave ii (circled).
Wave Analysis >> 23% continuous decline, exceeding and closing the week under the boundary line of the leading diagonal all highly confirms that the correction in wave ii (circled) is quite well underway. It should be a relatively deep retracement and will take the coming few weeks.
The first retracement target >> 7.93
The next target >> 7.24
#CryptoStocks #CLSK #BTCMining #Bitcoin #BTC
CLSK / 4hNASDAQ:CLSK well continued to decline by 23% since the May high >> 11.04.
It would be considered just as an initial development of correcting down in Minute degree wave ii (circled).
Wave Analysis >> 23% continuous decline, exceeding and closing the week under the boundary line of the leading diagonal all highly confirms that the correction in wave ii (circled) is quite well underway. It should be a relatively deep retracement and will take the coming few weeks.
The first retracement target >> 7.93
The next target >> 7.24
#CryptoStocks #CLSK #BTCMining #Bitcoin #BTC
CLSK / 2hAs anticipated NASDAQ:CLSK continued to decline of 21%, since the May high >> 11.04 so far.
It would be considered just as an initial development of correcting down in Minute degree wave ii (circled).
Wave Analysis >> Exceeding and closing the day under the boundary line of the leading diagonal confirms that the correction in wave ii (circled) is quite well underway. It will take a few weeks ahead.
The first retracement target >> 7.93
#CryptoStocks #CLSK #BTCMining #Bitcoin #BTC
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
#CryptoStocks #CLSK #BTCMining #Bitcoin #BTC
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
#CryptoStocks #CLSK #BTCMining #Bitcoin #BTC
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
#CryptoStocks #CLSK #BTCMining #Bitcoin #BTC
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
#CryptoStocks #CLSK #BTCMining #Bitcoin #BTC
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.
#CryptoStocks #CLSK #BTCMining #Bitcoin #BTC
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.
#CryptoStocks #CLSK #BTCMining #Bitcoin #BTC
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.
#CryptoStocks #CLSK #BTCMining #Bitcoin #BTC
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.
#CryptoStocks #CLSK #BTCMining #Bitcoin #BTC