IREN has been on a rampage since the April surging 175% and nearing all time high! A great couple of trades for us so far!Price is likely to hit all time high next week with such a strong trend, where resistance and a pullback is a high probability.
The weekly pivot is $9.77, the most likely area for price to find support just above the 0.382 Fibonacci retracement (which will be dragged up to the weekly pivot once a new high is made).
Price discovery terminal target are the R3 & R5 weekly pivot points at $28 and $40.
Safe trading
MSc Financial Economist, Studying PhD in Investing and Social Mood, Technical Analyst 6+ years, Investor 13+ years
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 Economist, Studying PhD in Investing and Social Mood, Technical Analyst 6+ years, Investor 13+ years
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.