Trading Idea - #HUT8
HUT 8 Mining is definitely a BUY! As a trader, I am searching for the "best" entry.
Find a BUY entry around the POC-area: 4.50 to 5.00 CAD!
TARGET: 10.00 CAD
A short-term SHORT is possible with the rejection at the bottom of the descending triangle: 7.20 to 7.50 CAD
- The share price of HUT8 has risen logically with the Bitcoin-hype to an ATH of 16 CAD (+ 800%)! You could think of quick and easy money.
- Nevertheless, it can currently be seen how the latest investments have weakened the share. HUT8 purchased NVIDIA CMPs worth of 30 million USD to increase the company's aggregate operating rate by about 1,600 Gigahash.
- Bitcoin continues its rally as HUT8 invests in infrastructure. As soon as this process is stabilized or even completed, the HUT8 share will go on attack again.
Find a BUY entry around the POC-area: 4.50 to 5.00 CAD!
TARGET: 10.00 CAD
A short-term SHORT is possible with the rejection at the bottom of the descending triangle: 7.20 to 7.50 CAD
- The share price of HUT8 has risen logically with the Bitcoin-hype to an ATH of 16 CAD (+ 800%)! You could think of quick and easy money.
- Nevertheless, it can currently be seen how the latest investments have weakened the share. HUT8 purchased NVIDIA CMPs worth of 30 million USD to increase the company's aggregate operating rate by about 1,600 Gigahash.
- Bitcoin continues its rally as HUT8 invests in infrastructure. As soon as this process is stabilized or even completed, the HUT8 share will go on attack again.
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