$CLSK Looks like XRP at $0.4 before the move to $3

290
CLSK is hated right now as much as XRP was when it ranged between $0.4-$0.8 for 4 years before it when ballistic.

XRP printed a huge macro triangle similar to what I have identified here for CLSK which looks complete at the triangle EQ, where wave E is expected to terminate! This finds confluence with the High Volume Node and 0.5 Fibonacci retracement.

Quadruple resistance lies ahead of the weekly 200EMA, major High Volume Node, weekly pivot point and descending resistance boundary, tested multiple times weakening the point. This built up pressure could provide an explosive move to price discovery.

I have left my alternative motif wave count on their as a secondary count (1-2) with similar targets.

RSI is at the channel EQ so plenty of upside left.

Analysis is invalidated below $6.05.

Safe trading

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.