1)On the weekly we can see bullish momentum picking up for this ticker looking at the indicators layed out and we even have a macd cross over..
2)There is significant insider buying happening at 1.2 $ if you take a look at ceo.ca.
3) If you compare the left and "right" shoulder then we can see bullish divergence .
4) Value- This company mines bitcoin and as you can see it appear to be lagging quite bit from the price of btc especially if we take a look at the last couple of months, so imo this is a great value play on going long for btc with a lot less down side.
5) With the falling value of the dollar that will inflate the value of crypto
6) With the halving that happened on may 11 , it usually kick starts a bull market which can be argued with btc's recent price action. Once that happens I believe people will take notice to HUT potentially leading to a much closer correlation with bitcoin and with that more gains. who knows what will happen to this ticker if btc reaches 20k within this year. Based on the technicals and fundamentals I believe this has great potential.
2)There is significant insider buying happening at 1.2 $ if you take a look at ceo.ca.
3) If you compare the left and "right" shoulder then we can see bullish divergence .
4) Value- This company mines bitcoin and as you can see it appear to be lagging quite bit from the price of btc especially if we take a look at the last couple of months, so imo this is a great value play on going long for btc with a lot less down side.
5) With the falling value of the dollar that will inflate the value of crypto
6) With the halving that happened on may 11 , it usually kick starts a bull market which can be argued with btc's recent price action. Once that happens I believe people will take notice to HUT potentially leading to a much closer correlation with bitcoin and with that more gains. who knows what will happen to this ticker if btc reaches 20k within this year. Based on the technicals and fundamentals I believe this has great potential.
Comment:
Currently we can see that its bouncing off this trend line so the move is currently in motion. However based on the information I just layed out I believe you can be a little more aggressive with this ticker and go ahead and start building a position on anything under 1.3 and then add to any pullback that comes up. This is more of a Long term investment rather then a trade.
Comment:
