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IRIS

Chart and fundamental analysis of Iris Energy Limited (IRIS)The operating result for the last quarter was published recently, on November 30, 2022. 1. Graphic Analysis As the company's core activity is Bitcoin mining, it is important to analyze the correlation with the price of Bitcoin. As you can see in the graph below, most of the time the correlation is positive. It seems to me that the price is at the end of wave 5, about to reverse the downtrend, which has lasted since the beginning. The DMI SMI Oscillator exhibits a bullish descending wedge. This same interpretation can be obtained on the RSI: 2. Fundamental analysis Net income has held steady for quite some time at $72 million. As of Q1 since year 2022, it has declined to minus -$2 million and has since been stable. The same reasoning can be applied to Earnings per Share versus Estimated Earnings per Share . The balance sheet remains healthy, with assets greater than liabilities. Even if there is a need to settle the net debt after the sale of assets, it would be comfortably honored. With regard to cash flow, money from third parties continues to decrease, which is positive. Money spent on investments follows a negative flow. A negative value of Cash From Investing Activities can show poor performance, but it can also be a sign of increased investment activities. While cash from operating activities remains stable at $4 million. The point to note negatively is the free cash flow, which has drastically reduced to -$210 million.
NASDAQ:IRENLong
by andre_007
IRIS/BTC TRADE SETUP! READY TO PUMP 80-90%Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this IRIS/BTC TRADE setup. IRIS looks good here. IRIS breaks out from the falling wedge-like structure in the daily time frame. Previously, when it breaks the falling wedge it pumps 88% so I'm expecting the same. Entry range:- 140-148 sats Target1:- 172 sats Target2:- 192 sats Target3:- 222 sats Target4:- 268 sats SL:- 130 sats If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
ILong
by CoreCrypto1
3
🆓IRISnet (IRIS) May-19 #IRIS $IRISWe can start accumulating IRIS in the 0.1-0.11$ zone for a new rally up to 0.14$, 0.18$ and 0.24$ in June But if IRIS keeps losing the 0.1$ zone, it will have a big decline to 0.06$ zone 📈BUY -Buy: 0.107-0.113$ -Buy: 0.097-0.103$. SL if B 📉SELL -Sell: 0.137-0.143$. SL if A -Sell: 0.176-0.184$. SL if A -Sell: 0.235-0.245$. SL if A ♻️BACK-UP -Sell: 0.097-0.103$ if B. SL if A -Buy: 0.06-0.065$. SL if B ❓Details 🕯Timeframe : 1 Day 📈Red Arrow : Main Direction as BUY & SELL section 📉Blue Arrow : Back-Up Direction as BACK-UP section 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section 🅰️A : The Close price of candlestick is Above the zone 🅱️B : The Close price of candlestick is Below the zone
ILong
by CryptoStation
Watch Iris Closely, It just brokeout again of its Bull Flag!I was waiting to jump on IRIS after todays gains thinking there would probably be some consolidation period. However instead of breaking towards the downside as I was expecting it broke upwards. If it can keep one of these two trends up (the right one being the more modest one and the middle one being the quickest) it could/will touch .27 rather quickly. this .27 cents is an extremly importatnt resistance to conquor because it has only done this one other time. however, if you look at the daily this is sitting at the right shoulder of a head and shoulders pattern, and I believe it can easily takeoff to .45 cents and beyond if breaking past this resistance. Good luck! ☮🤍
ILong
by BTCastroDOT
1