CleanSpark, Inc.
Long
Updated

$CLSK another good looking short term long $14-19 target?

368
Assuming CLSK can keep holding support here, it sets up a very nice long trade.

This hasn't really turned bullish yet on higher timeframes, but if we can see a move start this week, I can see continuation to the upside between the $13 resistance and the $19 resistance on the high side.

The chart looks like it's forming somewhat of an inverse head and shoulders, although I don't like patterns that have diagonal resistances as they're less likely to play out. The measured move of that pattern would be the $17.13 resistance though.

Let's see what happens from here.
Trade closed: stop reached
i'm out of this idea
Note
Ended up buying back some calls here for 9/5
Note
Welp didn't play out. Miners overall look weak. Out for good
Note
I got a 1 day buy signal today, so I took $10C for 9/26
Note
Looking to be breaking out now. Let's see if this little run can continue higher.
Note
Ended up selling my calls +2x
Note
I went short with $13.5P on Friday because we hit resistance and price looks pretty overbought. If we can retest the trend line at around $11.54, I'll rebuy my calls for the next move higher.

Note
Got out of the puts and ended up buying $16.5C for $10/17 at the lows

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.