CIFR#87
Thesis
Ascending channel intact, clean structure. $25.5 ATH is next level, $30+ opens up once that breaks with no meaningful resistance.
By @Allstarsv16 · View post ↗
Original post text
$CIFR ascending channel intact. Structure clean. $25.5 ATH is the next level. Once that breaks, $30+ opens up with no meaningful resistance above. NFA. $HUT $RIOT $WULF https://t.co/sMi5KbFlhp
🐂 Bull Case
- Ascending channel intact with $23.6 approaching ATH $25.2 - breakout targets $30+
- Clean technical structure with SMA50 (18.1) providing support below price
- Bitcoin/crypto mining tailwind with sector momentum supporting risk-on appetite
🐻 Bear Case
- RSI at 61 approaching overbought - breakout failure could trigger sharp reversal
- Crypto mining stocks highly correlated to BTC price - macro risk outside thesis control
- Volume may not sustain if BTC pulls back from current levels
🚫 Invalidation
Close below $18 (SMA50) breaking ascending channel
Break Conditions
- Price breaks below ascending channel support (~$18)
- BTC drops below key support levels
Price Tracking
| Label | Ticker | Price | Recorded |
|---|---|---|---|
| t+3d | CIFR | $23.56 | 2026-05-29 18:36:59 |
| t+3d | CIFR | $21.45 | 2026-06-05 18:36:02 |
Metadata
T0 Price: $23.60
Created: 2026-05-29 18:34:35
Scored: 2026-05-29T18:36:08.118200+00:00
Updated: 2026-06-05T18:36:02.305314+00:00