Hello, everyone!
We're excited about
WULF's prospects among other crypto miners, standing out with its eco-friendly operations, profitability post-halving, and strategy to reduce debt without diluting shareholder value through ATM usage. The company's CEO has reassured investors of this commitment. Moreover, a significant short interest in WULF could potentially propel its value dramatically.
Currently, the price is at a crucial juncture, testing the hourly support. Should it break below, it might move to test the daily support level. Conversely, rebounding from the hourly support could set the stage for a climb towards the monthly resistance.
Our initial milestone is overcoming the monthly resistance at around $3.70. Surpassing this, we aim for $8 followed by $17 as our subsequent targets.
This outlook would be reconsidered if the hourly or daily indicators fall beneath the weekly, suggesting a need to reassess our stance.
Stay tuned for updates, and best of luck to us all!
We're excited about
WULF's prospects among other crypto miners, standing out with its eco-friendly operations, profitability post-halving, and strategy to reduce debt without diluting shareholder value through ATM usage. The company's CEO has reassured investors of this commitment. Moreover, a significant short interest in WULF could potentially propel its value dramatically.Currently, the price is at a crucial juncture, testing the hourly support. Should it break below, it might move to test the daily support level. Conversely, rebounding from the hourly support could set the stage for a climb towards the monthly resistance.
Our initial milestone is overcoming the monthly resistance at around $3.70. Surpassing this, we aim for $8 followed by $17 as our subsequent targets.
This outlook would be reconsidered if the hourly or daily indicators fall beneath the weekly, suggesting a need to reassess our stance.
Stay tuned for updates, and best of luck to us all!
Note
Quick WULF update: As of March 2024, they achieved a self-mined total of 379 bitcoins with an average daily production rate of 12.2 bitcoins. Their installed hash rate increased to 8 EH/s due to upgrading older miners with S19k Pro miners, highlighting a strategic shift towards more efficient mining operations. They anticipate further enhancements with the expected delivery of additional miners, aiming for a total operational capacity of approximately 10 EH/s by mid-2024. TeraWulf’s approach is heavily oriented towards sustainability and efficiency improvements, with efforts in demand response programs and potential expansions into high-performance computing projects.Technicals:
Cryptocurrency-related stocks didn't perform too well today. We're eyeing $2.44 as the key level for a bullish trend; surpassing this could continue the uptrend. However, should the price not break through $2.44 and instead drop, we anticipate finding support at $2.18.
Trade active
First PT hit! 
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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.