CIFR — 📊Technical Update (Daily)CIFR may have structurally completed its advance since early April, with Intermediate Wave (1) potentially peaking at $20.20, while the broader upside target remains intact.
The bullish outlook continues to hold, driven by the underlying Primary impulsive Wave ⓷.
** Upon a likely reversal, a corrective phase is expected to unfold — forming Intermediate Wave (2)📉 within the broader Primary Wave ⓷ uptrend, targeting key retracement levels (not currently depicted on the chart). **
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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.