Clean Spark is getting ready. ð
CleanSpark (CLSK) is closely tied to the price of Bitcoin (BTC) because it is a Bitcoin mining company.
When BTC breaks out, CleanSpark tends to follow.
Currently, BTC appears to be preparing for its next upward surge, while CleanSpark is forming a symmetrical triangle pattern.
Once CLSK's price breaks out of this symmetrical triangle pattern, the next move will be confirmed, potentially targeting the previous resistance level at $40.
When BTC breaks out, CleanSpark tends to follow.
Currently, BTC appears to be preparing for its next upward surge, while CleanSpark is forming a symmetrical triangle pattern.
Once CLSK's price breaks out of this symmetrical triangle pattern, the next move will be confirmed, potentially targeting the previous resistance level at $40.
āļāļ§āļēāļĄāļāļīāļāđāļŦāđāļ:
distribution or accumulation? In which phase are we?
āļāļēāļĢāļāļ·āđāļāļāļēāļĒāļĒāļąāļāļāļāļāļģāđāļāļīāļāļāļĒāļđāđ:
Clean Spark is tied to the price of Bitcoin. If BTC dips, CLSK will do the same. At the moment, the price is trying to find a bottom from which it will not go lower, so that investors know it's time to buy. It could even dip a bit below to grab the liquidity resting below and then make a sharp move to the upside.
āļāļ§āļēāļĄāļāļīāļāđāļŦāđāļ:
CleanSpark might break out of its triangle pattern. The Bollinger Bands squeeze could lead to a breakout to the upside or the downside. At the moment, it appears to be leading to the upside. Additionally, the RSI is breaking out of its resistance line.