IREN / Weekly

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IREN / WeeklyIREN LIMITEDBATS:IRENElliottChartIREN — Quantum Model Projection IREN has surged by 1,400%📈 since early April, recording its all-time highs precisely at the apex of the resistance equivalence lines — a key technical convergence zone within the market structure. As highlighted in the previous update, the correction in Intermediate Wave (4) reached the projected Fib-Retracement target of $47.77🎯, unfolding as an Expanded Flat that may have completed at the apex of the convergent equivalence lines at $44.55. As outlined in the previous analysis, an extension into Intermediate Wave (5) within Primary Wave ⓷ may project toward $431🎯, corresponding to the 1.618 Fibonacci extension of the Leading Diagonal formed in Primary Wave ⓵. As noted earlier, the development of the Leading Diagonal in Primary Wave ⓵ — a potentially bullish structure originating in December 2022 — indicated an early-stage transition into a bullish accumulation phase. Based on my frameworks, such motive patterns often precede strong impulsive advances, reinforcing the broader bullish narrative as the Uptrend unfolds at the Cycle degree. #QuantumModel #TrendAnalysis #WaveAnalysis #MarketStructure #CryptoAnalysis #CryptoMarket #TechnicalAnalysis #ElliottWave #Investing #IREN #IRENStock #TechStocks #DataCenter #AIDatacenter #BitcoinMining #HPC #CryptoMining #BTC #Bitcoin #BTCUSD #RenewableEnergy