Hut 8 Corp.Short
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.
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.
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