CLSK set up for a SHORT in a parallel channel
CLSK on a 120 minute chart is in a gradually falling parallel channel. At this time price has
topped at the channel's resistance trendline. The RSI has bearish divergence while the
predictive algorithm shows a forecast of a trend down this upcoming week. I will short trade
CLSK here with a stop loss at 20.6 above the channel and target of 14.75 near to the bottom
of the channel. The stop loss of 1.2 compares well with a target about 4.5 downside yielding
approximately 3.5 as a risk ratio.
topped at the channel's resistance trendline. The RSI has bearish divergence while the
predictive algorithm shows a forecast of a trend down this upcoming week. I will short trade
CLSK here with a stop loss at 20.6 above the channel and target of 14.75 near to the bottom
of the channel. The stop loss of 1.2 compares well with a target about 4.5 downside yielding
approximately 3.5 as a risk ratio.
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www.tradingview.com/...-blackrock-fidelity/
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Bitcoin / BTCUSD update
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BTCUSD / Bitcoin short idea linked here
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CLSK continues to fall in a wide and slowly descending channel. Full position. Watching BTCUSD for a move down as a sector leader.
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Nice action today to celebrate BTC retaking $70K.