Price indeed bounced strongly off the weekly Ichimoku cloud, touche! Has closed off the week by closing on top of the daily Ichimoku cloud/ and slightly above the weekly Ichimoku convergent line at 23.135.
Will see how far the backtest goes after the strong rebound in price for the next higher move up.
$CIFR still showing a strong bullish structure on the higher weekly timeframe with higher highs and higher lows and having a stronger looking chart vs it's peers in the data centre industry.
Its tenant backed/ co-funded buildouts and a higher disciplined approach when it comes to dilution probably helped in a faster recovery of the charts relatively to it's peers.
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