HIVE Long 72RExpecting a big move up in HIVE.
It has a very nice looking consolidation pattern after the break above the significant downward sloping accumulation pattern over to the left.
The risk to reward ratio is 72.
I think this is a trade which warrants a 5% risk which would net a 360% gain or 4.6x return.
The divergence between the miners and BTC is significant now and with the bull market in bitcoin most likely continuing it should only be a matter of time until HIVE starts move up a pace similar to that of the previous bull market.
HIVE trade ideas
Bullish Reversal?Based on the technical data I have graphed. Seems to be a bullish reversal in the short term, hoping that the support holds for more upside. Stay alert and watch the support levels for break away or break down. Good luck investors/traders.
Purely my opinion based on technical data and not financial advice!
HIVE Digital Technologies Options Ahead of EarningsAnalyzing the options chain and the chart patterns of HIVE Digital Technologies prior to the earnings report this week,
I would consider purchasing the 5usd strike price Calls with
an expiration date of 2024-12-20,
for a premium of approximately $0.50.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Bullish Pennant breakout for Hive! $39 CAD price target.Hive appears to be trading in multiple bullish patterns.
Noticeably the stock is creating higher lows and higher highs forming a bullish pennant & a crude bull flag pattern.
Hive has bounced off the upward sloping support of the pattern 4-5 times, displaying strong support for the bulls.
Considering Hive is correlated to the price of Bitcoin & Ethereum we should see some volatile price action over the upcoming months heading into the US presidential elections..
Bullish cross on the KST
Also, the halving will start being priced into bitcoin as a supply shock is on the verge of occurring near term.
HIVE, ready for a new Bull MarketHIVE (HIVE Digital Technologies)
Sector: Data Center / Bitcoin Mining
Market Cap: $386M
HIVE, being a company operating in the cryptocurrency sector sees its share price highly correlated to cycles triggered by Bitcoin. Indeed, the share price exploded at the beginning and end of 2021, just like Bitcoin, before undergoing 2 years of Bear Market.
During this Bear Market, the stock was able to maintain its price and accumulate horizontally, oscillating in a highly visible range. The fact that the share price has not fallen continuously shows the interest of long-term investors in this company.
We note that we are very close to the lower limit of this range and that we have recently bounced off it, which is a good sign and offers us an excellent risk/reward ratio. If the macro context for stocks and cryptos is good, we could even break out of this range on the upside to seek even higher resistance levels over the next year.
Rebalancing with HIVE: A Closer Look at a Solid Miner Taking a strategic look at my crypto portfolio today, and HIVE keeps catching my eye. This established miner offers some compelling reasons for a long-term position. Let's dive in:
Proven Track Record: HIVE has been around longer than many competitors, navigating the ups and downs of the crypto market. This experience translates to reliable operations and consistent uptime, key factors for steady returns.
Efficiency Leader: They consistently rank among the most efficient miners, squeezing the most out of their resources. This efficiency translates to better cost management and potentially higher profitability.
Growth Focused, Not Frantic: While some miners chase aggressive expansion, HIVE prioritizes sustainable growth. This measured approach might limit explosive upside, but it also reduces risk and enhances their long-term stability.
Undervalued Potential: Currently trading below some peers, HIVE could offer an attractive entry point for investors seeking value.
Technical Considerations: The charts signal potential for solid growth, further strengthening the investment case.
Beyond Bitcoin: HIVE ventures into AI and high-performance computing, potentially diversifying its revenue streams and future-proofing its operations.
HIVE Mined 234 BTC in January, HODL Up 14%. Upgraded Fleet for Efficiency, Bracing for Halving.
Key Points:
Production: 234 BTC mined, HODL increased 14% to 1,939 BTC.
Efficiency: Upgraded fleet with latest S21 miners, aiming for lower mining costs.
Halving Ready: HODL strategy and efficiency upgrades position HIVE for Bitcoin halving in April.
Looks like business as usual from HIVE. 😎
HIVE long,medium,short-term plans. Technical and fundamental Hello, friends! This is Shark, and today we'll be discussing the technical and fundamental analysis of HIVE stocks (a mining company). We'll explore long-term, medium-term, and short-term plans.
Technical Analysis:
Long-term Trading Plan (pink color)
Timeframe: 1 month
Global support level: $1.50
Global resistance level: $26.25
Channel step: 1650%
Notice the global ascending trend line drawn through the minimum price values. Currently, the asset's price has exceeded it, indicating a potential drop. The long-term scenario will be activated once the asset's price breaks below the support of this ascending trend line.
Medium-term Trading Plan (blue color)
Timeframe: 1 week
Resistance level: $7.18
Support level: $2.20
Channel step: 226%
Pay attention to the ascending trend line drawn through the lows. It's drawn on the weekly timeframe, and currently, the price is at its support, presenting the best time to buy this stock. The potential for medium-term trading is 226%. Also noteworthy are the decreasing highs, through which a descending trend line is drawn, forming a graphical structure of a "flag" or "contracting triangle," indicating an accumulation phase. Aggressive purchases should be considered above the $2.77 level.
Short-term Trading Plan (yellow color)
Timeframe: 1 day
On the chart, a descending trend line of yellow color is drawn. As long as the price stays below it, the trend is downward, and all levels marked on the daily timeframe are resistances. The potential for short-term trading to all levels is indicated. It's also worth noting the significant support level formed by the gap, presenting the best opportunity to buy the asset, as there's a market rule that aggressive asset growth should occur after covering all gaps. The short-term buying plan will be activated upon breaking the descending trend line.
Fundamental Analysis:
Mining Industry:
HIVE Blockchain Technologies is a company specializing in cryptocurrency mining, such as Bitcoin and Ethereum. Therefore, the fundamental state of the cryptocurrency market as a whole will heavily influence HIVE stocks.
Cryptocurrency Price Dynamics:
Changes in cryptocurrency prices, especially Bitcoin and Ethereum, will significantly impact the profitability of mining companies, including HIVE. High cryptocurrency prices usually lead to increased miner profitability, which can result in HIVE stock price growth.
Technological Innovations:
HIVE's success will also depend on its technological innovations and ability to enhance mining efficiency. Investors will be monitoring the company's new developments and improvements in equipment and software.
Cryptocurrency Regulation:
Changes in cryptocurrency legislation and regulation can have a significant impact on HIVE's business. Positive decisions or support from authorities can promote the company's growth, while negative measures may adversely affect its prospects.
Historical Events:
The company's past successes and failures can also influence its future value. Investors will analyze HIVE's history, including its financial results, strategies, and response to market changes, to make forecasts regarding its future success.
Considering these factors, investors should carefully assess the risks and opportunities associated with investing in HIVE stocks and make decisions based on a comprehensive analysis of the company's fundamental and technical aspects, as well as the cryptocurrency market as a whole.
If you enjoyed the review and would like more similar ideas, please like! Share your opinion on this asset in the comments below. Don't forget to subscribe to the channel to not miss new videos and updates. Thanks for watching, see you soon!
HIVE - Incredible strength. might liftoff soon
3D chart shows the incredible volume last few weeks.
Claimed all the daily EMAs. Weekly 200EMA overhead around 5.5 might slow it down, but any strength above could spike this to 10, 15 and 18.
Fib-Extension view shows further evidence, price likely to test 11.5 in this leg.
Disclosure: No position yet
HIVE Next Steps 2023 Q3 & BeyondAm expecting HIVE to continue consolidating within a reversal Head & Shoulders pattern.
Applying the trendlines to the fib line retracement and extension mappings, building out the various channels and then overlaying the relevant pattern(s), it appears the bottom of the right shoulder is approx. $2.80 and the future target is approx. $28.
DYOR NFA ... if $2.80 breaks, may result in a double-bottom around the $0.30 range.
Enjoy every sandwich :)
Hive (NASDAQ: HIVE) Digital Expands Crypto FootprintHive Digital Expands Crypto Footprint With Sweden Data Center Acquisition
Hive Digital Technologies, a prominent player in cryptocurrency mining, is set to fortify its global influence with the acquisition of a data center and real property in Boden, Sweden. Notably, the move underscores Hive’s commitment to sustainable growth and positions it as a major player in the digital technology sector.
Meanwhile, this strategic investment aligns with the company’s mission to enhance long-term value for investors, leveraging substantial assets to strengthen its balance sheet. The acquisition is expected to contribute to the company’s overall growth strategy and reinforce its commitment to environmental responsibility and energy efficiency.
Hive Digital Broadens Horizon with Sweden Data Center Acquisition
Crypto mining company Hive Digital Technologies has announced a significant expansion initiative with the acquisition of a data center and associated real property in Boden, Sweden. The move aligns with Hive’s commitment to sustainable growth, emphasizing its role as a leading digital asset miner and “green” focused data center builder and operator.
Meanwhile, Hive’s latest move involves a property transfer agreement with Turis AB, solidifying its presence in Boden, Sweden. Notably, this strategic investment complements Hive’s existing data center in close proximity and stems from the European Union’s Horizon 2020 project. In addition, the company plans to leverage this new facility to house its next-generation ASIC servers, aiming to augment its Bitcoin production and further develop its global portfolio.
Johanna Thornblad, Hive Sweden Country President, expressed enthusiasm about the acquisition, citing its strategic location and potential contribution to the company’s growth strategy. In addition, she emphasized the new data center’s alignment with Hive’s commitment to environmental responsibility and energy efficiency, highlighting its status as a “green” energy-powered facility.
According to the Property Transfer Agreement, Hive will acquire the property and on-site assets through a combination of cash and common shares. The company plans to pay up to $750,000 in cash and up to $1,500,000 in common shares, reflecting its dedication to building long-term value for investors.
Notably, completion of the acquisition is subject to regulatory approvals, including the TSX Venture Exchange’s nod. All securities issued as part of the agreement will undergo a statutory hold period of four months and one day from the date of issuance.
Embracing Evolving Technologies
Hive Digital Technologies, earlier in 2023, signaled a shift in focus by dropping “blockchain” from its official name. Meanwhile, the company now emphasizes opportunities in artificial intelligence (AI), cloud computing, and graphics processing units (GPUs).
While maintaining its involvement in Bitcoin and crypto mining, Hive aims to offer efficient alternatives to cloud service providers, leveraging its substantial GPU infrastructure.
Meanwhile, the recent expansion announcement comes on the heels of Hive’s participation in launching the Digital Power Network (DPN), emphasizing the significance of proof-of-work (PoW) mining in the cryptocurrency ecosystem.
Price Momentum
HIVE is trading in the middle of its 52-week range and below its 200-day simple moving average.
What does this mean?
Investors are still evaluating the share price, but the stock still appears to have some downward momentum. This is a Neutral sign for the stock's future value.
HIVE long term planning NASDAQ:HIVE :: #usstock #dyor #nfa
Note 📌 it's ETHERIUM mining ⛏️ company
Holding #crypto stocks is high risk and may cause lose 100% ur liquid 💰
Phase 1 :: BUY ACCUMULATION -> $2.2-2.6
Phase 2 :: BUY ACCUMULATION -> $0.5-0.7
i don't think 💬 it will reach 2nd phase 📍
If that happens sign 🛑 no new high 📌
Will return to ur 1st phase 📍 later I check ✅ i will update you target 🎯
But split 🪓 accumulation 40-60% liquid 💰
Sell :: $15-40-100-130 ( phase 1 )
#principaltrade :: $15-18
Phase 2 exit are $2-3 but i will update later
so try to catch 🫴 update 📌 everytime ⏰
Be in updated to post 😸 any questions ☺️ on this 📌 ask comment
Even more if u want just contact me personally 👍
BITSTAMP:ETHUSD NASDAQ:HIVE BITSTAMP:BTCUSD
Van ECK Associates Corp added 283,127 HIVE shares in Q4Coin World reported that according to the 13F documents recently disclosed by the US Securities and Exchange Commission, Van ECK Associates Corp increased its stock position in the bitcoin mining company HIVE Blockchain Technologies Ltd. by 49.3% in the fourth quarter of last year, increasing its holdings by 283,127 shares , currently owns $1,235,000 worth of HIVE Blockchain Technologies shares, accounting for approximately 1.02%. Among other hedge funds, State Street Corp now owns 348,212 shares of HIVE worth $1,309,000; BlackRock owns 82,303 shares worth $310,000; and UBS Group AG owns 17,829 shares worth $67,000. (defenseworld)