The modest and unexpected 2.5% decline in 
CLSK today suggests a potential shift in the wave iv (circled) corrective structure—from the previously identified [ (a) – triangle (b) – (c) ] to a more complex [ (w) – triangle (x) – (y) ] combination.
This adjustment still fits within the context of the ending diagonal pattern in Minor wave C and reflects a deeper, yet corrective, move down. The overall outlook and wave structure remain unchanged.
Wave Analysis >> As illustrated in the 3h-frame above, Minor wave C—completing the corrective upward move of wave (B)—appears to be unfolding as an ending diagonal, now likely in its final stages. Within this structure, the Minute wave iv (circled) has formed a [ (a) - triangle (b) - (c) ] correction. A final push higher in Minute wave v (circled) is now expected, which would complete the ending diagonal pattern of wave C, and in turn, conclude the countertrend advance of wave (B).
Trend Analysis >> Upon completion of the potential ending diagonal in Minor wave C, the broader trend is anticipated to reverse to the downside, initiating the final decline in Intermediate wave (C). This bearish phase may extend through the remainder of the year.
#CryptoStocks #CLSK #BTCMining #Bitcoin #BTC
CLSK 
BTC BTCUSD BITCOIN
CLSK today suggests a potential shift in the wave iv (circled) corrective structure—from the previously identified [ (a) – triangle (b) – (c) ] to a more complex [ (w) – triangle (x) – (y) ] combination.This adjustment still fits within the context of the ending diagonal pattern in Minor wave C and reflects a deeper, yet corrective, move down. The overall outlook and wave structure remain unchanged.
Wave Analysis >> As illustrated in the 3h-frame above, Minor wave C—completing the corrective upward move of wave (B)—appears to be unfolding as an ending diagonal, now likely in its final stages. Within this structure, the Minute wave iv (circled) has formed a [ (a) - triangle (b) - (c) ] correction. A final push higher in Minute wave v (circled) is now expected, which would complete the ending diagonal pattern of wave C, and in turn, conclude the countertrend advance of wave (B).
Trend Analysis >> Upon completion of the potential ending diagonal in Minor wave C, the broader trend is anticipated to reverse to the downside, initiating the final decline in Intermediate wave (C). This bearish phase may extend through the remainder of the year.
#CryptoStocks #CLSK #BTCMining #Bitcoin #BTC
CLSK BTC BTCUSD BITCOIN
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.