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CleanSpark, Inc.CleanSpark, Inc.CleanSpark, Inc.

CleanSpark, Inc.

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CLSK trade ideas

CLSK Elliot wave analysisCLSK has acquired ATL and got into bitcoin mining. They mine BTC for $6.5k and currently selling it $58k>!! But CLSK isn't only bitcoin . They also produce integrated suite of software that provides end-to-end microgrid energy modeling and management. Pricetarget shortterm $70 (elliotwave final 5th wave) Pricetarget longterm N/A. Will depend on if bitcoin falls or keeps rising and if they can keep innovating in microgrids and make it a good profitable business so they don't rely on bitcoin for income anymore. ~slippe
NASDAQ:CLSK
by Slippe
H.C. Wainwright boosted price target from $24 to $50 Bitcoin believers are reaping the rewards and H.C. Wainwright analyst Amit Dayal thinks the surge merits a rethink for his CleanSpark (CLSK) model. The analyst boosted his price target from $24 to $50, suggesting upside of 72% from current levels. Accordingly, Dayal’s rating stays a Buy. The reason for the new bullish target is easy to explain. The microgrid software specialist has been growing its Bitcoin mining capacity and with the rising Bitcoin price, CleanSpark will be raking in additional revenue. However, the problem with trying to estimate projected revenues for any company involved in Bitcoin related endeavors is extremely difficult due to the constantly moving goalposts, especially when looking several years ahead. The Bitcoin contribution to CleanSpark’s balance sheet is set to increase. The March quarter will see a full quarter of Bitcoin input, with production bringing in between 1.5 to 2 bitcoins per day as the hash rate has increased from 200 PH/s in December to over 315 PH/s in February. By early 2H21, the company expects to have an extra 800 to 880 PH/s of processing capacity which should grow the total Bitcoin mining capacity to between 1.0 and 1.3 EH/s. finance.yahoo.com
NASDAQ:CLSK
by AlenCiken
Implementing Heiken Ashi CandlesKEY POINTS: Heikin-Ashi is a candlestick pattern technique that aims to reduce some of the market noise, creating a chart that highlights trend direction better than typical candlestick charts. The downside to Heikin-Ashi is that some price data is lost with averaging, which could affect risk. Long down candles with little upper shadow represent strong selling pressure. Long up candles with small or no lower shadows signal strong buying pressure. ----------------------------------------------------------------- When paired with risk management tools, trading indicators can give you a clear insight into price movements. Heiken Ashi candlesticks resemble a typical Japanese candlestick, but several details differ from the traditional candlestick chart. Every Heiken Ashi candlestick has an upper candlewick, a shadow (lower candlewick) and a body – much like the Japanese candlesticks. However, a bar in the Heiken Ashi starts from the middle of the one before it and not where the previous one closed-a significant distinction. Each candle has a high, low, open and close, and thus the Heiken Ashi formula has four segments.The opening level is the midpoint of the previous bar; the Close of each bar is the average of high, low, open and close. If you’re aiming to catch persistent trends, then Heiken Ashi will be valuable. NOTE: However, day traders who need to exploit quick price moves may find Heikin-Ashi charts are not responsive enough to be useful. Also, due to no price gaps within Heikin-Ashi candlestick charts, risk management is harder to monitor. Using additional methods to watch risk is advised. The formula for calculating Heikin-Ashi candlesticks is as follows: Open= (Open of previous bar+ Close of previous bar)/2 Close = (Open + Close + High + Low)/4 High = the Maximum Price Reached Low = Minimum Price Reached *Hope this helped refresh your knowledge of Heikin-Ashi candlesticks or showed you a new trading strategy to use.
NASDAQ:CLSKEducation
by kingmidasLXIX
1
CLSK Topping?CLSK was a great momentum stock and then it really got going after they announced that they were buying bitcoin mining equipment. This was a red flag as bitcoin mining was never part of their primary business (they make microgrid software). So what the hell is a software company doing buying bitcoin mining equipment?? Hard to say exactly because the company seems to have their hands in a little bit of everything - but the chart is giving a clear warning sign. Additionally, the news feed is filled with lawsuits. Might be a decent short candidate if it breaks down.
NASDAQ:CLSK
by mroberts1204
5