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HIVE Digital Technologies Ltd

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HIVE trade ideas

HIVE – Trade Setup - short pain for long gainz Short term risks for long term gainzzz 3h,4h and daily charts indicate heavy oversold conditions which make this a good opppr for the contrarian play, to target $3 levels for a 30% upside. However we need to reclaim key levels of support first…. 🔹 **Trade Direction:** Short (Bearish) 🔹 **Entry:** ~$2.05 🔹 **Stop Loss:** $2.25 (above recent resistance) 🔹 **Target 1:** $1.85 (previous demand zone) 🔹 **Target 2:** $1.60 (key psychological level) 📊 **Probability & Justification:** - **Momentum:** Strong bearish momentum with lower highs and lower lows. - **Indicators:** Oversold conditions on stochastic RSI but no bullish divergence yet. - **Moving Averages:** Price below 50 & 200 EMA, confirming a downtrend. - **Volume Profile:** Increasing sell pressure suggests further downside. ⚠️ **Risk Considerations:** - Oversold bounce possible; manage risk accordingly. - Potential support at $1.85 – monitor reaction before holding further. 📉 **Bias:** Bearish unless price reclaims $2.25+ with volume.
NASDAQ:HIVELong
by OG_Doge
You see head and shoulders breakdown, I see quick $$Algo vs. head and shoulders smackdown -- who's gonna win? (said in my most bobastic sounding voice) To be honest, both COULD be right. I can win short term and the breakdown could be real. Uptrend line from the May low is still intact and I always listen to my algo on the miners because the wins are usually fat compared to others, plus it has already corrected 40% and Bitcoin hasn't. While the miners are always leveraged plays on bitcoin in both directions, 40% seems extreme to me. I traded it during the March-May 50% correction and made money then, so entering after a 40% drop already happened makes this a much higher probability trade. I may cut it loose early if I can get a big win before the end of the day on Monday, though. Per my usual strategy, as long as the position is open, I'll add to my position at the close on any day it still rates as a “buy” and I will use FPC (first profitable close) to exit any lot on the day it closes at any profit. As always - this is intended as "edutainment" and my perspective on what I am or would be doing, not a recommendation for you to buy or sell. Act accordingly and invest at your own risk. DYOR and only make investments that make good financial sense for you in your current situation.
NASDAQ:HIVELong
by redwingcoach
15
HIVE Long 72RExpecting a big move up in HIVE. It has a very nice looking consolidation pattern after the break above the significant downward sloping accumulation pattern over to the left. The risk to reward ratio is 72. I think this is a trade which warrants a 5% risk which would net a 360% gain or 4.6x return. The divergence between the miners and BTC is significant now and with the bull market in bitcoin most likely continuing it should only be a matter of time until HIVE starts move up a pace similar to that of the previous bull market.
NASDAQ:HIVELong
by TipsOfPips
Bullish Pennant breakout for Hive! $39 CAD price target.Hive appears to be trading in multiple bullish patterns. Noticeably the stock is creating higher lows and higher highs forming a bullish pennant & a crude bull flag pattern. Hive has bounced off the upward sloping support of the pattern 4-5 times, displaying strong support for the bulls. Considering Hive is correlated to the price of Bitcoin & Ethereum we should see some volatile price action over the upcoming months heading into the US presidential elections.. Bullish cross on the KST Also, the halving will start being priced into bitcoin as a supply shock is on the verge of occurring near term.
TSXV:HIVE
by satoshi123
4
HIVE, ready for a new Bull MarketHIVE (HIVE Digital Technologies) Sector: Data Center / Bitcoin Mining Market Cap: $386M HIVE, being a company operating in the cryptocurrency sector sees its share price highly correlated to cycles triggered by Bitcoin. Indeed, the share price exploded at the beginning and end of 2021, just like Bitcoin, before undergoing 2 years of Bear Market. During this Bear Market, the stock was able to maintain its price and accumulate horizontally, oscillating in a highly visible range. The fact that the share price has not fallen continuously shows the interest of long-term investors in this company. We note that we are very close to the lower limit of this range and that we have recently bounced off it, which is a good sign and offers us an excellent risk/reward ratio. If the macro context for stocks and cryptos is good, we could even break out of this range on the upside to seek even higher resistance levels over the next year.
NASDAQ:HIVELong
by vf_investment
1
Rebalancing with HIVE: A Closer Look at a Solid Miner Taking a strategic look at my crypto portfolio today, and HIVE keeps catching my eye. This established miner offers some compelling reasons for a long-term position. Let's dive in: Proven Track Record: HIVE has been around longer than many competitors, navigating the ups and downs of the crypto market. This experience translates to reliable operations and consistent uptime, key factors for steady returns. Efficiency Leader: They consistently rank among the most efficient miners, squeezing the most out of their resources. This efficiency translates to better cost management and potentially higher profitability. Growth Focused, Not Frantic: While some miners chase aggressive expansion, HIVE prioritizes sustainable growth. This measured approach might limit explosive upside, but it also reduces risk and enhances their long-term stability. Undervalued Potential: Currently trading below some peers, HIVE could offer an attractive entry point for investors seeking value. Technical Considerations: The charts signal potential for solid growth, further strengthening the investment case. Beyond Bitcoin: HIVE ventures into AI and high-performance computing, potentially diversifying its revenue streams and future-proofing its operations. HIVE Mined 234 BTC in January, HODL Up 14%. Upgraded Fleet for Efficiency, Bracing for Halving. Key Points: Production: 234 BTC mined, HODL increased 14% to 1,939 BTC. Efficiency: Upgraded fleet with latest S21 miners, aiming for lower mining costs. Halving Ready: HODL strategy and efficiency upgrades position HIVE for Bitcoin halving in April. Looks like business as usual from HIVE. 😎
NASDAQ:HIVELong
by RedTeamv1
8
HIVE long,medium,short-term plans. Technical and fundamental Hello, friends! This is Shark, and today we'll be discussing the technical and fundamental analysis of HIVE stocks (a mining company). We'll explore long-term, medium-term, and short-term plans. Technical Analysis: Long-term Trading Plan (pink color) Timeframe: 1 month Global support level: $1.50 Global resistance level: $26.25 Channel step: 1650% Notice the global ascending trend line drawn through the minimum price values. Currently, the asset's price has exceeded it, indicating a potential drop. The long-term scenario will be activated once the asset's price breaks below the support of this ascending trend line. Medium-term Trading Plan (blue color) Timeframe: 1 week Resistance level: $7.18 Support level: $2.20 Channel step: 226% Pay attention to the ascending trend line drawn through the lows. It's drawn on the weekly timeframe, and currently, the price is at its support, presenting the best time to buy this stock. The potential for medium-term trading is 226%. Also noteworthy are the decreasing highs, through which a descending trend line is drawn, forming a graphical structure of a "flag" or "contracting triangle," indicating an accumulation phase. Aggressive purchases should be considered above the $2.77 level. Short-term Trading Plan (yellow color) Timeframe: 1 day On the chart, a descending trend line of yellow color is drawn. As long as the price stays below it, the trend is downward, and all levels marked on the daily timeframe are resistances. The potential for short-term trading to all levels is indicated. It's also worth noting the significant support level formed by the gap, presenting the best opportunity to buy the asset, as there's a market rule that aggressive asset growth should occur after covering all gaps. The short-term buying plan will be activated upon breaking the descending trend line. Fundamental Analysis: Mining Industry: HIVE Blockchain Technologies is a company specializing in cryptocurrency mining, such as Bitcoin and Ethereum. Therefore, the fundamental state of the cryptocurrency market as a whole will heavily influence HIVE stocks. Cryptocurrency Price Dynamics: Changes in cryptocurrency prices, especially Bitcoin and Ethereum, will significantly impact the profitability of mining companies, including HIVE. High cryptocurrency prices usually lead to increased miner profitability, which can result in HIVE stock price growth. Technological Innovations: HIVE's success will also depend on its technological innovations and ability to enhance mining efficiency. Investors will be monitoring the company's new developments and improvements in equipment and software. Cryptocurrency Regulation: Changes in cryptocurrency legislation and regulation can have a significant impact on HIVE's business. Positive decisions or support from authorities can promote the company's growth, while negative measures may adversely affect its prospects. Historical Events: The company's past successes and failures can also influence its future value. Investors will analyze HIVE's history, including its financial results, strategies, and response to market changes, to make forecasts regarding its future success. Considering these factors, investors should carefully assess the risks and opportunities associated with investing in HIVE stocks and make decisions based on a comprehensive analysis of the company's fundamental and technical aspects, as well as the cryptocurrency market as a whole. If you enjoyed the review and would like more similar ideas, please like! Share your opinion on this asset in the comments below. Don't forget to subscribe to the channel to not miss new videos and updates. Thanks for watching, see you soon!
NASDAQ:HIVELong
by SHARK1318
HIVE Next Steps 2023 Q3 & BeyondAm expecting HIVE to continue consolidating within a reversal Head & Shoulders pattern. Applying the trendlines to the fib line retracement and extension mappings, building out the various channels and then overlaying the relevant pattern(s), it appears the bottom of the right shoulder is approx. $2.80 and the future target is approx. $28. DYOR NFA ... if $2.80 breaks, may result in a double-bottom around the $0.30 range. Enjoy every sandwich :)
NASDAQ:HIVELong
by kerdirks
4
Hive (NASDAQ: HIVE) Digital Expands Crypto FootprintHive Digital Expands Crypto Footprint With Sweden Data Center Acquisition Hive Digital Technologies, a prominent player in cryptocurrency mining, is set to fortify its global influence with the acquisition of a data center and real property in Boden, Sweden. Notably, the move underscores Hive’s commitment to sustainable growth and positions it as a major player in the digital technology sector. Meanwhile, this strategic investment aligns with the company’s mission to enhance long-term value for investors, leveraging substantial assets to strengthen its balance sheet. The acquisition is expected to contribute to the company’s overall growth strategy and reinforce its commitment to environmental responsibility and energy efficiency. Hive Digital Broadens Horizon with Sweden Data Center Acquisition Crypto mining company Hive Digital Technologies has announced a significant expansion initiative with the acquisition of a data center and associated real property in Boden, Sweden. The move aligns with Hive’s commitment to sustainable growth, emphasizing its role as a leading digital asset miner and “green” focused data center builder and operator. Meanwhile, Hive’s latest move involves a property transfer agreement with Turis AB, solidifying its presence in Boden, Sweden. Notably, this strategic investment complements Hive’s existing data center in close proximity and stems from the European Union’s Horizon 2020 project. In addition, the company plans to leverage this new facility to house its next-generation ASIC servers, aiming to augment its Bitcoin production and further develop its global portfolio. Johanna Thornblad, Hive Sweden Country President, expressed enthusiasm about the acquisition, citing its strategic location and potential contribution to the company’s growth strategy. In addition, she emphasized the new data center’s alignment with Hive’s commitment to environmental responsibility and energy efficiency, highlighting its status as a “green” energy-powered facility. According to the Property Transfer Agreement, Hive will acquire the property and on-site assets through a combination of cash and common shares. The company plans to pay up to $750,000 in cash and up to $1,500,000 in common shares, reflecting its dedication to building long-term value for investors. Notably, completion of the acquisition is subject to regulatory approvals, including the TSX Venture Exchange’s nod. All securities issued as part of the agreement will undergo a statutory hold period of four months and one day from the date of issuance. Embracing Evolving Technologies Hive Digital Technologies, earlier in 2023, signaled a shift in focus by dropping “blockchain” from its official name. Meanwhile, the company now emphasizes opportunities in artificial intelligence (AI), cloud computing, and graphics processing units (GPUs). While maintaining its involvement in Bitcoin and crypto mining, Hive aims to offer efficient alternatives to cloud service providers, leveraging its substantial GPU infrastructure. Meanwhile, the recent expansion announcement comes on the heels of Hive’s participation in launching the Digital Power Network (DPN), emphasizing the significance of proof-of-work (PoW) mining in the cryptocurrency ecosystem. Price Momentum HIVE is trading in the middle of its 52-week range and below its 200-day simple moving average. What does this mean? Investors are still evaluating the share price, but the stock still appears to have some downward momentum. This is a Neutral sign for the stock's future value.
NASDAQ:HIVELong
by DEXWireNews