CIFR Locally, price continues into price discovery with big jumps suggesting wave 3 is still going Wave (5) of 3 appears to be underway which could end at any moment. I am still expecting a retracement to test the previous all time high and punish late investors who are chasing prices up, trapping them into capitulation later.Wave 4 has a downside target of the 0.236 Fibonacci retracement, High Volume Node support + the trend-line retest, $14. This may also meet the ascending daily 200EMA.
Daily RSI has a series of bearish divergence from overbought which a strong signal for a reversal.
Continued upside could run the daily pivots to $38.
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