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Eloquent
Aug 19, 2021 2:48 PM

clsk wave b setup Long

CleanSpark, Inc.NASDAQ

Description

i played cleanspark from $2 last year, and jumped out at $39

waited 200+ days for it to bottom out down here

might make one last push down to that lower $10 region, and if it does that dip is for buying

watch for the mean retracement of this wave b to end at around $24 in the coming weeks

ultimately though, downside target sits at around $4 before the huge move up into the 100's.
Comments
PowerHat
I believe your wave B is actually a wave 1/2/3. We will correct for a wave 4 then resume higher for the 5th wave, completing a bigger wave 1 to the upside.
The fundamentals don't justify a +75% drop from there 🤔
Eloquent
@PowerHat, i was thinking about this recently too. i've been in clsk since around $2, and i personally can't imagine a drop back down there unless there was like a blackswan event in crypto

much more likely we see a clean gz pullback on this next dip, and we off to 100+
gmartijin
can you make update now, when clsk is 22$? Do you really believe it will go lower than 10$? This is super bearish...
dogon566
Minor degree wave (b) has begun. I'm targeting a possible gap fill in the area of 25 and 28 with a time horizon between Dec. 2021 and Jan. 2022.
Nigel_Stewart
Great trading on this!
dogon566
What is your time horizon for the minor degree (b) wave of major (2) ending and the final end date for minor (c) near $4?
Eloquent
@dogon566, i think wave b can happen fairly quickly - as shorts are going to have to cover their positions

wave c on the other hand could take awhile to play out
dogon566
@Eloquent, Which price level would you consider as confirmation that major (2) has ended and minor (1) of major wave (3) has begun?
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