$HUT is on a correction atm, and bounced one time exactly on the .618 retrace from the last big low to high. If we see a second confirmation low, and then break out of the supply line, we might have a very decent buying opurtunity on this crypto mining stock! Stay tuned
Corrections were warranted across the crypto stocks, but in my opinion we are still just getting started.
Hut 8 Mining Corp. ( NASDAQ:HUT ) Sector: Technology Services (Dating Processing Services) Current Price: $13.22 Breakout price trigger: $14.40 Buy Zone (Top/Bottom Range): $13.40-$11.80 Price Target: $18.60-$19.10 Estimated Duration to Target: 62-67d Contract of Interest: $HUT 1/21/22 15c, $HUT 3/18/22 20c Trade price as of publish date: $2.90/contract, $3.40/contract
After Tuesday's Gap Up, we are in price discovery mode as we reach new highs. The red areas are worst case scenarios. The yellow area is a zone (area) of support that COULDbe avoided if this stock continues the upward trend. The green areas are most likely to happen due to the trend and earning coming up on Thurs, Nov 11.21. H O D L T H E H U T ! Please...
Hut forecast using Fibonacci Circles and Pitchfork seems like $32.00 is possible once bitcoin moves towards a new high so enjoy.
Not only with hut 8 doing great on the mining business, the rising crypto prices of bitcoin increases leverage to the point that you will get more profit investing in hut 8 than buying bitcoin. So even the boomers can join in.
HUT volume beginning to pick up after its Nasdaq debut. But will it be enough. Even before jumping to the higher exchange, the crypto stock saw clear levels of support/resistance between the 618 and 786 fib levels. With Musk starting to chip about Dogecoin again, it will be interesting to see if we get a crypto reboot this summer. " Cryptocurrency mining stocks...
It started off like a bad trip. Someone brought the wrong party goodies and folks started getting ahead of themselves. After the initial thrill wore off someone thought they would gap up and go for broke. The current party is like an after hours club closing "Last call...please would you just leave so we can clean up". Each time they tried to have a little fun...
Buyers are willing to buy higher prices... == BULLISH Can prob trade the adam and eve but be wary of triangular resistance but i think it shows u a potential buy in position. Bullish bias on BTC Fundamentally a good company.
Hut 8's revenue is EXCLUSIVELY Bitcoin so when Bitcoin is pumping, it's rough watching Hut 8 declining. Anyone who's held this stock for some time, has felt that pain at least a few times. Today was especially frusterating with Bitcoin reaching all new highs and this stock dumping from the open, down 6.17%. But today's decline was technical in nature. We're...
looks like we have 3 touches and fly or we fill that gap and fly I hope we will the gap as the returns on that buy would be amazing
We are queuing to buy the following NIO 56.5 HUT 5 PLTR 26.472 IPOE 23 ACTC 24.50 CCIV 33 Queuing to sell the following DB 10.49 SNDL 1.21 ABEO 2.66 APA 17 OSTK 95 RIOT 25.85
Thought I would chart a canadian crypto stock for any canadian followers. Hut 8 Mining Corp. operates as a cryptocurrency mining company in Canada. On the weekly chart, it has broken out with volume last week. The MACD is crossing up as well, 10% short interest. I looked at the HIVE chart as well, but there was some selling friday. Once the Fed approves the...
These are my thoughts on HUT. They are meant to give you an idea, not trading advice. This seems to be forming an inverses head & shoulders pattern. If this breaks to the upside we're in for some nice gains. Since HUT is a blockchain related stock, it's sensitive to the price of BTC. That's what makes me more bullish. Please be careful, as the market never...
HUT will fly when BITCOIN does not advice but there is a gap at .50 cents to .55 cents I will put an order in there
It would be interesting considering Bitcoin broke down from a massive descending triangle recently. Maybe this is one giant bull flag, but I don't see why Hut 8 would rip to the upside & break resistance if the underlying asset is declining in price. Hut 8 has held up relatively well compared to other publicly traded Bitcoin & cryptocurrency miners. Even compared...