CleanSpark (CLSK): Strong Upside Expected After CorrectionWhy this matters now:
CleanSpark remains one of the strongest miners in the sector, but the current technical structure suggests a likely correction before the start of a major bullish cycle.
🔹 Main Thesis
Technically, CLSK is bullish, but a short-term correction to $8–10 is expected, after which the stock could launch a strong upward move toward $43 and beyond.
🔹 Key Arguments
Wave Structure:
Wave 1 is complete ✅, Wave 2 (correction) is underway. We are now in the final phase before the next impulse wave.
Resistance $25–43:
$25 is a key previous high. A short-term breakout with a small pullback is possible, followed by a retest and formation of the next upward wave. Targets: $43, then $150+.
Volume Cluster $8–10:
The main smart money cluster where significant positions were accumulated provides strong support. This is likely the bounce zone after the correction.
Fundamentals:
EPS growth ~50% YoY, forward P/E ~15. Cash flows are unstable.
Correlation with Bitcoin:
As a Bitcoin miner, CLSK is highly correlated with BTC. Historically, when BTC corrected 70–80%, CLSK tested lows in the $8–10 zone.
Currently, CLSK could first rise to $30–35 and then correct along with BTC by roughly 70%, aligning with the $8–10 support cluster.
Levels and Targets
Resistance: $25 - key level, possible false breakout
Support / Smart Money Cluster: $8–10 - likely bounce zone
Final Cycle Targets: $43 → $150 - breakout above $43 opens the path to $150+
🔹 Risk & Invalidation
Main Risk: strong BTC correction → CLSK tests $8–10 cluster.
Historically, four previous corrections in BTC were around 70–80%, matching the current structure.
❌ Invalidation: break and close below $6 → current wave structure would be invalidated and require reassessment.
🔹 Summary
CleanSpark is forming a strong bullish trend. After a possible correction to $8–10, a powerful upward impulse is likely, with targets at $43 and beyond. Potential from current levels: 10x+, but the path includes a consolidation phase.
🔹 Discussion
What’s your take on CLSK? Do you agree with the correction scenario, or do you see a different move?
💬 Comment below or suggest which ticker we should analyze next!
