Wave 3 appears to be underway on 
CIFR with wave (1) peaking with a pop into the all time high volume node as expected for wave 1 termination, trapping new traders and investors with the excitement!
Sentiment is very greedy on social and mainstream media suggesting a top is here!
Wave 2 retracement is expected to find support at the High Volume Node and 0.236 Fibonacci retracement $6.48 where it should find confluence with the weekly 200EMA and R1 pivot.
Weekly RSI is overbought with no divergence.
Wave 3 has an expected target of at least $50
Safe trading
CIFR with wave (1) peaking with a pop into the all time high volume node as expected for wave 1 termination, trapping new traders and investors with the excitement!Sentiment is very greedy on social and mainstream media suggesting a top is here!
Wave 2 retracement is expected to find support at the High Volume Node and 0.236 Fibonacci retracement $6.48 where it should find confluence with the weekly 200EMA and R1 pivot.
Weekly RSI is overbought with no divergence.
Wave 3 has an expected target of at least $50
Safe trading
PhD Candidate: Investing, Sentiment & Social Mood
MSc Financial Econ
Technical Analyst 7 years
Trader / Investor 14 years
DeTrended Metrics Report (Free): detrended.substack.com
Members Only Trading Signals: tradesignals.substack.com
MSc Financial Econ
Technical Analyst 7 years
Trader / Investor 14 years
DeTrended Metrics Report (Free): detrended.substack.com
Members Only Trading 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.
PhD Candidate: Investing, Sentiment & Social Mood
MSc Financial Econ
Technical Analyst 7 years
Trader / Investor 14 years
DeTrended Metrics Report (Free): detrended.substack.com
Members Only Trading Signals: tradesignals.substack.com
MSc Financial Econ
Technical Analyst 7 years
Trader / Investor 14 years
DeTrended Metrics Report (Free): detrended.substack.com
Members Only Trading 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.