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 trade ideas
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$
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.
CLSK correction in progressMar 27 Wed's false breakout was an x wave, followed by a quick reversal down. This wave down should be in 5 waves. Bulls should be patient to wait to go long again till at least the end of April / May. Watch when RSI breaks below wave 2, correction would be almost finished.
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.
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.
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.
Prepping for a call setup CLSKMuch like my downside targets for BTC, I am prepping for a bullish trade on a pivot. This might not play out as fast as I would like but I will be using the 50-100EMAs for entries most likely.
-I will look to 6 month out calls, those will high open interest (this allows you to sell when you need to)
-I try to pick popular expiration dates
-In summary I am still bearish, this trade will be longer-term bullish when and if we drop this low
CLSK long from the supporthi traders.
After exiting the accumulation zone, the price started a new uptrend.
Recently we saw the price hitting the resistance level at 0,5 fib level.
We are expecting a deeper pullback as the support at 0.618 fib level didn't hold.
Our entry for long would be around 10,50. If the price drops there, it would be another higher low in this uptrend.
Target: 0.382 fib level which is 27 $
CLSK Rejection at $19.91CLSK had a rejection at $19.91. I would be concerned for a significant pullback to around $10. I would want to see more bullishness into the $19.91 resistance level before considering any longs. CLSK and other crypto-related stocks will be impacted by Bitcoin's price action. Bitcoin is showing some bearishness and concerns for a drop so I'm personally not interested at opening longs near previous all time highs unless I see a great setup. For now I think CLSK is at risk of a drop here with a target around $9-10.
CLSK 5 Negative Divergences on the 4 Hour ChartAll the indicators show a negative divergence on the 4 hour chart yesterday.
In order below the chart:
Trend = MACD
Volatility = Bollinger Band Width
Volume = Fisher Transform Money Flow Index
Trend Strength = ADX & ADXR(average strength)
RSI = Speed + average speed line