IREN - Weekly breakout! Textbook Flag
By:TradingView
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
We just had a weekly breakout of a massive bull flag on IREN. Along with the flag pattern, we had a double bottom ‘W’ type consolidation within the bull flag (bullish formation).
Measured move is putting this a little north of $91.
With this being on the weekly chart, I like the July 17th calls. Will look for the $73 strike, as I’d like to at least capture that move to the top of the flag, and if we reject there and try to put in a double top; I can exit with profit there. $91 is the homerun price target!
God bless and happy trading!
Measured move is putting this a little north of $91.
With this being on the weekly chart, I like the July 17th calls. Will look for the $73 strike, as I’d like to at least capture that move to the top of the flag, and if we reject there and try to put in a double top; I can exit with profit there. $91 is the homerun price target!
God bless and happy trading!
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now！
You may also like
BoE expected to keep policy restrictive as inflation outlook stays elevated - Reuters poll
FXStreet•2026/05/13 14:24
British Pound: Weakens agains Euro as political risks weigh – ING
FXStreet•2026/05/13 14:24
BTC plunges below $79,700 as US PPI jumps 6%
Cointurk•2026/05/13 14:15
Expert Says Clarity Act Will Benefit XRP the Greatest. Here’s why
TimesTabloid•2026/05/13 14:12
Trending news
MoreCrypto prices
More
Bitcoin
BTC
$79,687.63
-1.17%
Ethereum
ETH
$2,264.06
-0.68%
Tether USDt
USDT
$0.9995
+0.00%
BNB
BNB
$670.47
+2.09%
XRP
XRP
$1.43
-0.79%
USDC
USDC
$0.9997
+0.01%
Solana
SOL
$92.01
-3.24%
TRON
TRX
$0.3494
+0.35%
Dogecoin
DOGE
$0.1108
+1.94%
Hyperliquid
HYPE
$39.24
-3.30%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now