IREN LimitedLong
IREN a fresh review
IREN has been moving upwards swiftly due to BTC 100k
Now we take a fresh look at IREN
it formed a double top which is a bearish sign and hence I took profit out of IREN at the double top high that is around 15$ area
So far its respecting the 50 day MA very nicely but there is a also an amazing cup formation which is leading me to think about it long term and therefore I would only now recommend entries after the 16$ barrier is breached.
As of now the latest strong support is 13.60 area . and if it goes further down then get ready for a support at 9$
Technically I wouldn't recommend buying anything which is in a bear tren therefore I would only recommend buying at a breakout of 16$
Entry when a daily candle close above 16$
Stop loss would be 13$
Now we take a fresh look at IREN
it formed a double top which is a bearish sign and hence I took profit out of IREN at the double top high that is around 15$ area
So far its respecting the 50 day MA very nicely but there is a also an amazing cup formation which is leading me to think about it long term and therefore I would only now recommend entries after the 16$ barrier is breached.
As of now the latest strong support is 13.60 area . and if it goes further down then get ready for a support at 9$
Technically I wouldn't recommend buying anything which is in a bear tren therefore I would only recommend buying at a breakout of 16$
Entry when a daily candle close above 16$
Stop loss would be 13$
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Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.