IREN | DailyIREN LimitedBATS:IRENElliottChartIREN | 2nd Bullish Alternative 📈 | Corrective Phase Underway As outlined in prior daily-chart analyses, the second bullish scenario interprets the corrective phase since Nov. 5 as an Intermediate-degree Triangle, forming Wave (4) and projecting a 60% near-term rally during its Minor D subdivision. Today’s price action—9% intraday advance, opening and closing above the Sup Q-Structure λ₄ confluence zone—further reinforces the accelerating upside trajectory, which appears to be unfolding right on schedule, 27% rally during this week. The convergent Res Q-Structure λ₃ projects a Q-Target ➤ $57🎯 in the coming days. At this stage, the model has not yet fully evolved to project the termination point of Minor Subdivision E (pullback). However, the divergent zone of Q-Structure λ₄ is expected to begin functioning as the operative framework during that phase. As previously noted, under this Quant structural model, the broader trend structure remains intact. Price action continues to align constructively with the higher-degree uptrend illustrated on the weekly chart, establishing a solid base for the anticipated extension of Intermediate Wave (5). 🔖 Outlook is derived from insights within the Quantum Models framework. #CryptoStocks #CryptoMining #QuantumModels