**Daily Chart Breakdown** *Friday 4/24 – After Market Close*Cipher Digital Inc.NASDAQ:CIFREthicalxTrader**CIFR — Cipher Mining Inc.** **Daily Chart Breakdown** *Friday 4/24 – After Market Close* --- ### 🔍 Key Observations • CIFR is currently trading around **18.20**, continuing to **push higher after reclaiming the mid-range support zone**. • The bigger picture shows a **clean reversal structure (inverse H&S)** that already played out and led to a strong upside move. • After that expansion, price has been **consolidating under resistance while holding higher lows**, which is constructive. • Recently, price **broke out of a descending trendline**, signaling momentum is starting to shift back to the upside. • Now pressing into a **key resistance band around 18.78–21.51**. --- ### 📊 Key Levels to Watch **Immediate Resistance** • **18.78** → current resistance • **21.51** → major breakout level • **25.11 – 25.52** → higher timeframe resistance / prior highs **Immediate Support** • **15.39 – 14.73** → key support zone • **11.93** → strong secondary support • **9.65** → major demand zone below --- ### 📈 Technical Breakdown This is a **bullish continuation structure after a reversal**. Structure: • Inverse H&S → breakout → strong move • Pullback / consolidation • Higher lows forming • Trendline breakout That sequence typically leads to: ➡️ **Continuation attempt into resistance** Right now: • Bulls are in control short-term • But price is **at resistance again**, so reaction matters --- ### 📊 Volume & Trend Notes • Strong volume during the initial breakout confirms **real buying interest** • Consolidation phase showed declining volume → healthy digestion • Recent push higher shows volume starting to pick back up Trend: • **Short-term: bullish** • **Higher timeframe: transitioning into bullish trend** --- ### ✅ Trading Plan #### Bullish Scenario Trigger: **break and hold above 18.78** Targets: • PT1: **21.51** • PT2: **25.11** • PT3: **25.52+** Stop Loss: • **below 15.39** --- #### Bearish Scenario Trigger: **rejection at 18.78 and loss of 15.39** Targets: • PT1: **14.73** • PT2: **11.93** • PT3: **9.65** Stop Loss: • **above 21.51** --- ### 📌 Summary CIFR is showing **strong continuation behavior after a reversal**, with price now pushing back into resistance. Key takeaway: • Break above ~18.78 → continuation likely • Rejection → back into consolidation This is a **bullish-leaning setup**, but still needs confirmation at resistance before expecting the next leg higher.