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CLEANSPARK INCCLEANSPARK INCCLEANSPARK INC

CLEANSPARK INC

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CLSK trade ideas

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
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.
NASDAQ:CLSKShort
by realchartchamp
2
CleanSpark Major Potential CleanSpark Inc - NASDAQ:CLSK This is a unique mid tier BTC miner that is edging ahead of Cipher Mining in terms of size, production and reserves held (See below for the pecking order of 4 BTC miners). The CLSK Trade - Ideal entry would be bounce off 200 DSMA - Risk/Reward from here is 5.55 which is not bad - Stop Loss placement at 200 DSMA or POC Chart Positives - High Volume is ideal signifying increased interest ,float and momentum - Price above POC - Price above 200 DSMA - Pennant price congestion reaching its decision point The Pecking Order for BTC Miners covered to date 1. Marathon Digital NASDAQ:MARA have 156,600 rigs & mined 825 BTC in Mar 2023 (12,964 BTC Reserves) 2. Riot Platforms NASDAQ:RIOT have 95,904 rigs and mined 592 Bitcoin in June 2023 (6,696 BTC reserves) 2. Clearspark NASDAQ:CLSK have 87,936 rigs and mined 575 Bitcoin in July 2023 (1,061 BTC reserves) 3. Cipher Mining NASDAQ:CIFR have 70,000 rigs and mined 493 bitcoin in May 2023 (518 BTC reserves) Clearspark has earned its place above Cipher mining however both companies have been investing much of their Bitcoin into expanding their production lines this year which is why they have lower reserves than the likes of the well established RIOT. We will need to keep a close eye on both going forward as they both fully intend to continue to expand. I am already invested in NASDAQ:CIFR with a small initial position (previously shared a chart on this). I'll be looking for NASDAQ:CLSK exposure between here and the 200 DSMA. The risk reward is reasonable and the chart is attractive. PUKA
NASDAQ:CLSKLong
by PukaCharts
16
CLSK - The Trend Is Your Friend Until...CLSK has recently been the strongest Bitcoin mining stock and perhaps that has to do with a move to "greener" mining. But another wild gap up today makes this trend unstable and this may become some sort of Evening Star topping pattern may be printing here. Its currently in the 1:0.618 extension "Golden Window" (up to the 0.786 overshoot ratio) and if it pivots here, then this is a weak ratio that signals there may be significant downside from here. Notice that the current candle has gapped up beyond the upper wedge trendline; into the higher liquidity that makes a reversal more likely. So its time to take some profits here or a more aggressive trader could even short. This is also on the basis that Bitcoin has no room left to move up if it is to remain in tandem with previous market cycles. This could hang around depending on Bitcoin, or it could be a fast top, but it will likely see much lower lows; perhaps down to around $5. Not advice
NASDAQ:CLSKShort
by dRends35
5
Cleanspark: Powering the Future of Bitcoin MiningBitcoin is making major moves as we get closer to the Bitcoin halving. NASDAQ:CLSK is poised to benefit from this bullish momentum. We just crossed a major resistance level at $13 & Targeting the next major resistance at $40 Cleanspark recently reported a remarkable 165% year-over-year revenue growth in Q1 of FY2024. This impressive growth is a testament to the company's ability to capitalize on the growing demand for Bitcoin mining services. With a net income of $25.9 million and an adjusted EBITDA of $69.1 million, the company is well-positioned to continue its upward trajectory. This is one of the best risk reward plays in the CRYPTOCAP:BTC mining companies. All aboard for the ride #LetsGo
NASDAQ:CLSKLong
by EgideSimba
2
CLEANSPARK $CLSK to 50 by Jan 2025Bitcoin Miner CleanSpark, will reach a price above 50 by 2025. Bitcoin will continue its upward climb in the second half of 2024, price will top out around 80-90k and crypto related assets will be lifted with the wave. Alt coins will go nuts and so will competition such as MARA and RIOT etc.. Overall, Cleanspark may be the dark horse because of its focus on mining with only green energy. Every bull market, the debate of BTC energy consumption returns. People like Cathie Wood can now answer that debate by saying, 'look at cleanspark, they mine with 100% renewable energy.' Instantly stock will double... as for 100 price target, thats roughly 20B market cap for CLSK, 2x from the 2021 highs of MARA and RIOT.
NASDAQ:CLSKLong
by HashxCapital
3