Remember structure > price always......I would always rather see a structure be strong then an unstable price running in the short term
And this is what we have with $CLSK, we said Wave 5 completed at the 3.618 Fib and I believe this is in its ABC pull back now and already at its 0.5 Fib today and has so far held
On the daily chart it is not very clear here but there is a potential Wave B bounce on the 1hr chart and we may see a further decline to the 0.618 Fib next at $11.78....or a lower low from here
If the price can hold anywhere between here and the 0.618 Fib at $11.78, then crypto mining bulls should pay at attention to this
Because it can move higher next and the Bull Case level at $20 would be the next target.
TommyJR
2024-11-18 20:31:35 +0000 UTCChad
2024-11-18 20:21:14 +0000 UTCGareth Neary
2024-11-18 19:41:15 +0000 UTCScott Glover
2024-11-18 19:40:57 +0000 UTC