$CIFR Closed at $16.85 which is slightly below the King Node at $17 a share, we now have liquidity at $16 to $15 a share which likely is the next target 🎯
Providing $CIFR.US remains below its $17 ceiling, then $15 could be the next stop for this stock before any attempt of a bounce higher..
Looking at the Elliot wave formation, if we break down the 1H chart, the correction requires a 3 wave correction (ABC), $CIFR.US is likely in wave C and a lower low below $15.33 is needed..
No one should be surprised to see $15 this week for CIFR
Providing $CIFR.US remains below its $17 ceiling, then $15 could be the next stop for this stock before any attempt of a bounce higher..
Looking at the Elliot wave formation, if we break down the 1H chart, the correction requires a 3 wave correction (ABC), $CIFR.US is likely in wave C and a lower low below $15.33 is needed..
No one should be surprised to see $15 this week for CIFR
