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CleanSpark, Inc.CleanSpark, Inc.CleanSpark, Inc.

CleanSpark, Inc.

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CLSK trade ideas

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.
NASDAQ:CLSKLong
by Apollo_21mil
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. If you enjoyed this review and want more ideas like this, give it a like! Share your thoughts on this asset in the comments below! Don’t forget to subscribe to the channel so you don’t miss new videos and updates. Thanks for watching, see you soon!
NASDAQ:CLSKLong
by SHARK1318
5
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
NASDAQ:CLSKLong
by RegevTuizer
13
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
NASDAQ:CLSKLong
by EthosInvest
2
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
NASDAQ:CLSKLong
by RegevTuizer
4
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
NASDAQ:CLSKLong
by Apollo_21mil
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: $22 the ceiling price above Price of analyst. Hopefully it will fulfill its destination. Go Bitcoin, Go CLSK/ MARA / Riot.
NASDAQ:CLSK
by Alf200020
2
CLSK in demandCLSK is deep into the demand zone here and ripe for a call setup. I was caught off guard with this sudden flash dump as you can see my first entry was higher than normal for my liking. I chose June for calls for this very reason. I was able to heavily lower my average as CLSK dipping into a local daily demand zone. I still think the 25$ 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$
NASDAQ:CLSKLong
by Apollo_21mil
2
CLSK: The retrace is comingCLSK is showing bearish divergence in the weekly and daily divergence. All miners are struggling pre halving. CLSK is seeing some wild price swings in the past couple of weeks. At the moment, crypto market as a whole is putting in some kind of topping action and a correction is coming soon. CLSK is putting in a massive triangle, which should be in its last leg. Usually, there is a sharp drop in BTC price and the miners post halving. It could be a sharp drop with a V shape recovery, or it could be long systematic drop that could last for months. Whatever the case, it should be a very strong buying opportunity for CLSK. Price target will appear when a top is confirmed.
NASDAQ:CLSKShort
by mukit1
2
CLSK set up for a SHORT in a parallel channelCLSK on a 120 minute chart is in a gradually falling parallel channel. At this time price has topped at the channel's resistance trendline. The RSI has bearish divergence while the predictive algorithm shows a forecast of a trend down this upcoming week. I will short trade CLSK here with a stop loss at 20.6 above the channel and target of 14.75 near to the bottom of the channel. The stop loss of 1.2 compares well with a target about 4.5 downside yielding approximately 3.5 as a risk ratio.
NASDAQ:CLSKShort
by AwesomeAvani
CLSK a crypto miner reports February 8th LONGCLSK is tied to the ebbs and tides of the crypto market especially high market cap Bitcoin. On the 120-minute chart, it is trending up from a reversal. The 0.5 Fib level is above at 10.0 about 10% upside from the current price. Earnings are February 8th. The last earnings saw a big turnaround as CLSK started to make money. Price is currently about 90% below all-time highs. The recent surge in Bitcoin albeit with a partial pullback afterward has likely benefited CleanSpark. I see this as a short-term swing pre-earnings play that could gain big or drop with an earnings miss. I will set a stop loss to protect against the latter. Today's price action and the indicators are reassurance in the risk taken.
NASDAQ:CLSKLong
by AwesomeAvani
14
CLSK Looking to close the gap at ~$10.58I'm not a fan of slanty head and shoulders patterns, but when looking at the declining RSI it seems like CLSK is heading for a correction ahead of the next halving. We've seen virtually all crypto mining stocks de-correlate from BTC's price over the last few months as institutions move money into ETFs rather than gamble on which miners they think will survive after their profit margins get sliced in half in April. MSTR and COIN continue to be strong BTC proxies. That being said, I think this group of stocks will catch up violently once the global liquidity taps turn back on and investors look for new higher money multipliers. Regulatory scrutiny in the US will continue to play an important role in determining how attractive these stocks will be to investors. I think the immediate gap down to $10.58 seems a likely target for short-term bears. I'd be surprised if it tanks to the lower $7.61 target, but we've seen crazier things this cycle and I'd personally be loading up at this level.
NASDAQ:CLSK
by RSI-Guy
1