IREN has poked above the true all time high range (Launch price dump excluded) in a high degree Elliot wave 3Long term target remains the R5 weekly pivot at $40 but may over extend with a bullish Bitcoin and Macro economic tailwind, coupled with AI growth.
Many thought this was a greedy target at $5 but now that price is $16 it doesn't look so bad. You have to know when to let the runners run, that is were the big bucks are trading!
Any retracement of a decent degree should expect to find support at the weekly pivot $9.4 before continuing upwards and may present an excellent buying opportunity! I will be posting the signal levels on Substack.
As always ,all time high range will be the next support if price continues upwards from here.
Safe trading
MSc Financial Econ
PhD Candidate: Investing & Social Mood
Technical Analyst 7 years
Trader / Investor 14 years
Free DeTrended Metrics Report: detrended.substack.com
Members Only Signals: tradesignals.substack.com
PhD Candidate: Investing & Social Mood
Technical Analyst 7 years
Trader / Investor 14 years
Free DeTrended Metrics Report: detrended.substack.com
Members Only Signals: tradesignals.substack.com
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.
MSc Financial Econ
PhD Candidate: Investing & Social Mood
Technical Analyst 7 years
Trader / Investor 14 years
Free DeTrended Metrics Report: detrended.substack.com
Members Only Signals: tradesignals.substack.com
PhD Candidate: Investing & Social Mood
Technical Analyst 7 years
Trader / Investor 14 years
Free DeTrended Metrics Report: detrended.substack.com
Members Only Signals: tradesignals.substack.com
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.