Aug. 16 at 2:24 PM
$CIFR weekly technical update.
Bullish inflection forming at a major technical confluence. ~
$15.5–16.5 support held right at the rising 200DMA, followed by Friday’s +7% reversal. RSI remains reset, Stoch is curling up from oversold and MACD downside momentum is fading. Now testing the multi-month descending trendline. Reclaim ~
$18–20 and the reversal gets real; above ~
$20 could open
$22.5–25. Bulls finally have a defined floor. Trade is working beautifully and as planned.