IREN is now showing bullish signals across all major timeframes. The reverse head and shoulders pattern successfully played out, which is a pretty solid reversal indicator. Price just hit some resistance overhead and will probably range-trade for a bit before making another push higher. Meanwhile, dips keep getting scooped up by buyers—classic accumulation behavior during a trend. This kind of buying pressure on pullbacks typically signals strong conviction among market participants. Watch how price handles this resistance zone; a clean breakout could set up nicely for the next leg of the move.
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CrashHotline
· 4h ago
The inverse shoulder pattern has appeared. This move really has some substance.
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SocialAnxietyStaker
· 4h ago
The inverse head and shoulders really appeared, and this round of accumulation is quite fierce.
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SmartMoneyWallet
· 4h ago
The so-called inverse head and shoulders sound nice, but basically it's just whales accumulating, while retail investors are still studying candlestick charts.
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SleepyValidator
· 4h ago
The rhythm of the backhand touch to the top is back again...
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StillBuyingTheDip
· 4h ago
The inverse head and shoulders pattern is indeed strong this time. It all depends on whether it can break through this resistance level. If it does, it will definitely take off.
IREN is now showing bullish signals across all major timeframes. The reverse head and shoulders pattern successfully played out, which is a pretty solid reversal indicator. Price just hit some resistance overhead and will probably range-trade for a bit before making another push higher. Meanwhile, dips keep getting scooped up by buyers—classic accumulation behavior during a trend. This kind of buying pressure on pullbacks typically signals strong conviction among market participants. Watch how price handles this resistance zone; a clean breakout could set up nicely for the next leg of the move.