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CleanSpark, Inc.CC

CleanSpark, Inc.

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CLSK trade ideas

CleanSparkEntry Point: Consider entering a long position if the stock breaks above the recent high of $20.49 with strong volume. Stop Loss: Place a stop loss at $16.08 to manage downside risk. Price Target: Aim for an initial price target of $24.25, aligning with the average analyst forecast. A more aggressive target could be $30.00, contingent on sustained bullish momentum and positive news flow. Conversely, a short position could be considered if the stock fails to maintain above the $16.08 support level, with a stop loss at $19.65 and a target near $13.24. The recent price action shows CLSK rebounding from a low of $16.08, reaching highs around $20.49. The bullish candlestick patterns observed in the recent sessions indicate strong buying interest. The Ichimoku Cloud analysis shows the price action above the cloud, confirming a bullish trend.
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by AxiomEx
$CLSK repeating price actionI'm more confident that bitcoin will continue to be strong for the next 60 day cycle. It's interesting to see the NASDAQ:CLSK price action and indicators repeating from last cycle. It's currently floating above the Komu cloud after a multi month consolidation The Bollinger bands have contracted after an extreme Bollinger band breakout (not shown for tidiness) Bitcoin on both final impulse moves was slightly below its ATH Bought a small position of Aug 23 $25 calls to potentially catch this impulse move.
NLong
by limit_buy_69
3
CLSK is oversold againI'm not a fan of trading this close to earnings reports, so I'm not jumping on this one. Too much negative volatility is possible and when you build positions the way I do as the price drops, a negative earnings report can wipe out months of profits instantly. That said, the indicator is undefeated in spite of previous earnings reports over the last 12 months so it is tempting. It's very possible a trade could close before earnings, too - the last one was only held for a few days before meeting the exit criteria. But if it slides all the way to earnings time, that's a big bag of stock you're holding when that report drops. But alas, not being a Bitcoin bro myself and liking to sleep soundly at night, I'm just not brave enough to bite here. I will keep you posted as to how the trade would have worked out though. Remember: this is NOT investment advice. Sometimes it's a play by play of my trading and sometimes, like now, just entertainment. Be careful out there!
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by redwingcoach
2
CLSK contractionCLSK is doing its thing again, my cash secured puts have been printing for me. The interesting thing about this chart is while BTC stochastic RSI is heating up on the daily, it remains bottoming on CLSK. CLSK broke my previous wedge to the upside and I Was able to enter a small short at my targeted zones. These zones remains in effect. -CSP around 15-16$ -Profit taking around the median of the range which is 17.5$ -Covered-calls as we approach 18-19$
NLong
by Apollo_21mil
CLSK ranges CLSK continues to range in the general area between 15.5 and 19.5. With BTC rejecting further bearishness for now we look for upside. My strategy for this dump has been to sell 15.5$ and 15$ puts on a weekly basis for premium. I plan to exit the trade at 80+% profit today or tomorrow to capture more Theta decay. Hopefully CLSK will bounce a decent amount above 15.5$ today, if not I will take assignment on these if the premium does not change enough in my favor. I will then sell covered calls as BTC heats up. -Remember this is a daily chart, these things take a few candles to play out, these are not immediate
NLong
by Apollo_21mil
Rentering CLSKI am starting to sell 15.5$ puts on CLSK as it approaches the bottom of the range I have been trading for a few months. I like this strategy as I can be long but accept that there can be further downside at the same time. I will be layering in sells as we dip lower starting now. -The lowest I would expect CLSK to go to is about 14.3 if BTC gets very bearish on a wick -I would love a bounce around 15.6ish here but would be happy to slowly sell these if BTC remains boring around 60k
NLong
by Apollo_21mil
2
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.
NShort
by Apollo_21mil
9
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.
NLong
by Val-the_vagrant_Surfer
6
$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.
NLong
by Trainwreck