Hut 8 Corp.Long
long entry HUT
observing the left chart we have the daily timeframe and we have 9/10 consecutive days of bullish momentum or 3/4 weeks of bullish momentum as shown on the right.
If momentum continues price target of 22.75, 21.55,18.30 are some key resistances prices id keep an eye for any signs of reversal. the Price action leading more upward momentum is backed with significant volume as shown on the left side chart with the volume indicator used. The macd line is about to cross over the signal line with volume in bold showing good volume possible pushing past the histogram(switching the daily to the right side the macd line and signal line are well above the histogram backing the momentum from buyers.
If momentum continues price target of 22.75, 21.55,18.30 are some key resistances prices id keep an eye for any signs of reversal. the Price action leading more upward momentum is backed with significant volume as shown on the left side chart with the volume indicator used. The macd line is about to cross over the signal line with volume in bold showing good volume possible pushing past the histogram(switching the daily to the right side the macd line and signal line are well above the histogram backing the momentum from buyers.
infamousnicone
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.