$IREN is one of the most controversial tickers on FinTwit right now everyone's arguing over that bounce and here is my unbias take Here's what the charts are actually saying, hype aside. I forgot to mention something: the daily chart is about to print a death cross on the SMAs, and we're also seeing rejections from the midrange of the channel. That's more bearish signals stacking on top of the fake weekly hammer (attempt #3) I called out earlier adding more probability toward further downside. Posting both the daily and weekly charts below so you can see it for yourself. I also did a new video breaking it all down
GhostyShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.