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Hut 8 Corp.

HUT Uptrend intact

83
HUT A large bearish engulfing candle at major resistance saw the price drop back into the range. It is now attempting break-out once more.

Price remains in a firm uptrend at major resistance with not much to add.

🎯 Terminal target for the business cycle could see prices as high as $135 based on Fibonacci extensions

📈 Weekly RSI hit overbought and reset back to the EQ.

👉 Analysis is invalidated if we close back below the weekly 200EMA

Safe trading
Maddox_Metrics
PhD Cand: Investing & Sentiment , MSc Financial Econ
Trader 8 years, Investor 15 years
The Sentiment Investor - Market Psychology: thesentimentinvestor.substack.com
Trade Planning, Strategies & Signals: Earn & Learn: tradesignals.substack.com
Also on:
AIBTCElliott WavehashHUTminerminingnitcoinpowerSupport and ResistanceTrend Lines

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Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
AIBTCElliott WavehashHUTminerminingnitcoinpowerSupport and ResistanceTrend Lines
Maddox_Metrics
PhD Cand: Investing & Sentiment , MSc Financial Econ
Trader 8 years, Investor 15 years
The Sentiment Investor - Market Psychology: thesentimentinvestor.substack.com
Trade Planning, Strategies & Signals: Earn & Learn: tradesignals.substack.com
Also on:

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.