CIFR reclaimed the 50D SMA and the anchored VWAP from the 05/11 pivot (17.59–18.33) last week, and it's now trading inside the previous S/R zone. The MACD just confirmed a bullish crossover on Friday, which adds confidence to the move.With this momentum, a retest of the all-time high at 25.52 doesn’t feel far-fetched.
On the downside, if the stock loses the 50D SMA and closes below 17.21, I’ll step back and reassess the setup
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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.