CleanSpark Weekly Chart Analysis - Time to Step Back and Look at the Bigger Picture



Multi-year breakout pattern emerging here. Weekly timeframe reveals a clean escape from that descending wedge, launching right off the volume shelf support zone.

Expecting a brief pause around $16.50 where we see solid volume accumulation. From there? Eyes on $22.17 as the next logical target, with $26.99 sitting further out on the horizon.

Chart structure looks healthy. Breakout confirmation already in play.
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degenonymousvip
· 12-07 01:08
NGL, this wedge breakout looks pretty solid, just worried that during the pullback we'll get another round of fancy plunges.
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RugpullAlertOfficervip
· 12-06 16:40
This breakout after the descending wedge... depends on whether it can hold 16.5; otherwise, we'll have to start over again.
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LucidSleepwalkervip
· 12-05 16:36
Ah, this chart pattern—after years of consolidation, it looks like this breakout is going to be strong.
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AirdropDreamBreakervip
· 12-04 18:55
A multi-year bottom breakout pattern like this... definitely looks good, but whether the $16.50 resistance level can hold is the real key.
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SerumSqueezervip
· 12-04 18:54
Damn, this pattern is really amazing. I'm starting to get a sense of that breakout.
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GasWastervip
· 12-04 18:39
ngl the wedge breakout looks clean but my real concern is what this costs to trade rn... $16.50 pause fine whatever, but bridging my position to catch that move? gotta check gwei first lol
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MidnightGenesisvip
· 12-04 18:39
On-chain data shows that this wave is indeed quite interesting... From the weekly perspective, the breakout from the descending wedge is certainly clean, but what I’m more concerned about is the actual trading volume in the $16.50 accumulation zone. We need to monitor whether there’s any hidden sell-off.
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SnapshotStrikervip
· 12-04 18:38
The wedge breakout is still ongoing, but this time it's really on a multi-year scale... If it stalls around $16.50, that would be awkward.
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