Continues to consolidate within the yellow channel but has made higher lows, after testing the green line on the 15th of April, a level it needed to hold to validate the impulse wave.
Since then, $CLSK has tested the yellow channel bottom line 5 times and has held each time.....we can also see that the 50 Day MA on the daily chart is what's causing the resistance, so a break above this level and this can eventually move higher, possibly to our Wave 5 target above $25.50
$CLSK is likely consolidating while $BTC decides on its next direction.
Craig
2024-05-18 18:53:26 +0000 UTC