$CLSK went within $0.14c of the invalidation line yesterday as miners continue to look under pressure as we approach the halving event on Friday.
Nobody knows what it is going to happen to the sector when this event starts, whales could offload or end up buying up heavy amounts....nobody can tell which direction but what we do know is that if the $13.56 level is broken, the impulse wave can not be valid.
We saw $COIN pull down exactly to its Wave 4 limit and then jumped over 100%, so it is possible that this level can be held but there is certainly risk here.
Gareth Neary
2024-04-17 13:28:07 +0000 UTCswan786
2024-04-17 13:27:13 +0000 UTC