HUT - Looking for $20-$21 PTOpened a 1/3rd position at $14 today. Plan is to add at $12.10 and $11.05 if given for my other two bullets. Price target is $20-$21 with a SL at $9.75
Trade ideas
HUT EMA 15 as supportEMA 15 has been daily support and confirmed that again yesterday.
today watch $15.75 as resistance, and has been for a few days. Once cleared HUT should move quickly to $19.17, which should complete cup and handle.
HUT8 PRE-EARNINGS - The Days AheadAfter 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 Comment, Like and Follow for more ideas.
Hut 8 2 Paths ForwardI think Hut 8 must retest $13.5 previous resistance before continuation upward. If it breaks that, 8.50 is my downside target. To the upside look to 23 dollars as new target.
HUT: Intraday Bull Flag WatchHUT: Possible intraday bull flag setting up into the close. Running with crypto and the sector as of recent. Earnings is scheduled for 11/11/2021. FOMC meeting tomorrow 11/03/2021 may affect risk appetite of participants. Long is still favorable. KL is marked at 15.02 if price action breaches lower limits of flag // ATR: 1.06, Beta: 2.54
$HUT NEXT Crypto Banger!!!- pennant pattern set up
-looking to play the upside since we have had a strong close
- Can also break down as well depends on how price action plays into open
-my entries will only be taken if we have 1-2 candlestick confirmations
HUT 8 - MARA - KOIN - LEGR - OSTK All above cloud These are the 5 Crypto based Stocks that are above the Green Cloud and or facing the Green Cloud about to move up . On HUT 8 i did the key algo showing the last time it dipped below the cloud and made th is exact same move. It continues to repeat the move for a new higher before dipping below the red cloud again. If all of these stocks are doing the same move I would expect to see these all make a move to the upside. This stock has already taken a Dip to find support. I would make sure to look for a dip before blindly jumping in. its a pivital area if support isnt found it can come down to the last level of support. I would say that if price action drops deeper than this wait for it to come back and close above the 10.70 area before getting back in.
by iCantw84it
10.14.2021
HUT- Break up the cup patternHUT - Broke up the Cup pattern .
MACD - Bullish.
Wait for the follow through day .
HUT Cup and Handle target $20Assuming BTC continues to advance for the next few weeks.
HUT has exposed a target of $20 by completing a cup and handle.
Take profits along the way and move up S/L.
Good Luck
HUT put sellSelling HUT puts on down days for premium. Selling the $9 and $10 puts 11/19 depending on price level of stock and BTC. Strong support area from $9.50 - $10.15. POC of $8.75. Recent offering closed last month. Avg of 9.11 BTC per day right now, mining 7.1 ETH as well. Currently miners are making $25,000 CAD per day while ramping up to 100% by Q4 end with $110,000 CAD per day. One of the most cost efficient miners out there with cost per BTC around $3,000 CAD.
B...T...C... 60...62...K... $HUT $HUT $HUTWhat a better day to talk about $HUT. Lets hike these BTC coins out the roof so we can get into some of these crypto stocks! So we had a gap from a few weeks back when the market dipped. Well we filled the gap and now have opportunity on the upside. We are definitely bullish here alone on the side of crypto, which could only mean good things for $HUT. According to the Fibs this stock should have a break to the 1.618. Pay attention to the direction of BTC and follow the leader. Mining stocks will 50x-100x when BTC 10x's (roughly). Also my advice to you is to get familiar with crypto stocks and companies investing in them they are all about to explode!
THIS IS NOT FINANCIAL ADVICE! THIS INFORMATION IS FOR EDUCATIONAL AND ENTERNTAINMENT PURPOSES ONLY!
HUT: Cup'n Handle (69%)Yet another Cup'n Handle in the mining/ressources stocks.
Inflation in raw material helping them out.
Ascending triangle, not confirmed. Must break 11$ resistance first.
If confirmed:
Price target = 18,67$
Stay humble, have fun, make money!
HUT chart looking ready to boom beautiful pattern here on $HUT, may add small size in shares here. stop loss under bottom trend line of course! and final (short term) price target at 12.5, great risk reward with proper risk management. good luck as always ! :)
$HUT WeeklyWeekly cup and handle on HUT , potential MACD cross on daily and nice volume. Bullish hammer candle closing last week.
Watch for a move towards $11 this week, $8.75 trailing stop
$HUTNice set up on weekly (cup and handle)
Daily looks like some more upside into coming weeks. Nice bounce off EMA cloud and bullish hammer candle entering volume gap.
@avi417 Nice find !
Beautiful Cup&Handle Breaking out w +70% measured move!This has to be one of the best charts in the market right now. Beautiful Cup and Handle Breaking out after Consolidation and a pull back to MA's with a bucking trend reversal green candle on Higher volume. Also a huge move in OBV that is also in a bull Flag as Bitcoin looks to be trying to break out on the back of Fed Chair Powell saying crypto will not be banned.
HUT , LONGWas in this earlier but forgot to post and ended up being around a 55% profit , I think we might be pulling a u turn here after last few days .
In 9.26
Stop 8.54 ( vs 21 ema)
HUT8 short term view [Updated]Just as anticipated, 9.2-9.3 was wrecked by the offering and BTC downtrend movements played a massive role on pushing this below 8.
As you can see from the volumes, defiantly there are buyers and sellers competing over the direction of HUT8 unlike other miners that were sliding down today.
We are approaching a strong support layer at 7-6.6, i hope we don't break that, and I think so.
We are approaching end of Q3 and announcements of GPU miners expected to be soon, thus i don't see the defenses deteriorating easily on HUT8.
By no mean, this shall be taken as financial advice.
HUT Is Primed To Test Its Moving Average (SHORT)HUT Mining should go lower in the next 1-2 weeks for a number of reasons:
1. Bitcoin has corrected in the last week, but HUT's pricing hasn't proportionately reflected the drop yet.
2. Volume has dried up since BTC's drop, this often happens before the price returns to a more stable support band like the 33-day moving average.
3. RSI is showing that it is overbought and moreover the RSI is in a rising wedge pattern.
4. Other crypto-mining stocks HUT is correlated to have decreased much more than HUT.
I opened a position today, a $9 put option expiring October 15th. I suspect we're only 5-7 trading days away from the 33 DMA though. My exit strategy is to sell the option when the price reaches around $8 for a 74% profit.
