The continuing decline in 
CLSK and exceeding 100 percent of diagonal wave A would suggest to morph into an ABC flat formation as the ongoing correction in wave (X), instead of the previous ABC zigzag. So the Minor degree wave B of (X) would remain in its late stage, and continuing to decline in its wave ((y)) is expected in few weeks ahead.
>> Wave B of a flat formation usually retraces between 100 and 138 percent of wave A. But in this case the entire wave structure implies to be ending the current decline NOT to extreme low. So the expected target would be pointed well above the Fib expansion level at 6.26.
#CryptoStocks #CLSK #BTCMining #BTC
CLSK and exceeding 100 percent of diagonal wave A would suggest to morph into an ABC flat formation as the ongoing correction in wave (X), instead of the previous ABC zigzag. So the Minor degree wave B of (X) would remain in its late stage, and continuing to decline in its wave ((y)) is expected in few weeks ahead.>> Wave B of a flat formation usually retraces between 100 and 138 percent of wave A. But in this case the entire wave structure implies to be ending the current decline NOT to extreme low. So the expected target would be pointed well above the Fib expansion level at 6.26.
#CryptoStocks #CLSK #BTCMining #BTC
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.