HIVE Digital Technologies Ltd V.HIVE

Alternate Symbol(s): HIVE

HIVE Digital Technologies Ltd. is a Canada-based cryptocurrency mining company that focus on sustainable green energy. The Company is engaged in building a bridge between the digital currency and blockchain sector and traditional capital markets. It owns and operates predominantly green energy powered data center facilities in Canada, Sweden, and Iceland. It also owns hard assets such as data centers and advanced multi-use servers. It operates a fleet of approximately 38,000 commercial-grade NVIDIA graphic processing units (GPUs). Its GPU fleet includes 4,000+ NVIDIA A40s w/ 48 GB RAM, 400+ NVIDIA RTX A6000s w/ 48 GB RAM, 12,000+ NVIDIA RTX A5000s w/ 24 GB RAM and 20,000+ NVIDIA RTX A4000s w/ 16 GB RAM. The Company, through its subsidiary HIVE Performance Computing Ltd., is building HIVE Cloud, an enterprise-grade GPU Cloud service for demanding applications including AI training and inference. It operates over 100 MW of data centers in Canada and 46 MW in Iceland and Sweden.

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HIVE Digital Technologies Ltd > Ascending Channel for Hive?

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Comment by BasebaIIfuryon Feb 11, 2021 7:54pm

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Post# 32548215

RE:RE:RE:Ascending Channel for Hive?

scotianbot is the biggest pumper of all..
all he ever says is "here look at this same chart"

yes HiVe went from 8 cents to 3 dollars.. we get it..

the problem is that it doesn't go past 3 dollars really.
he's a broken record. A one trick pony.

HIVE is pump and dump. Smart money has already dumped it

scotianbot wrote:

Your comment is pointless.

Yes, I understand Hive's correlation to Bitcoin, however, it does get distorted by the shorts often.

Hive mines Ethereum, so technically it's not 100% dependant on Bitcoin, if Bitcoin went to 10k tmrw and Ethereum went to 100k, that completely negates your analogy. Unlikely to happen, but anything is possible.

I didn't say if Hive breaks the trend either, can you read? I said if Hive breaks the channel, the trend recently is short sellers are trying to suppress the public crypto miners in anticipation of a sell-off, but uncle Elon said we're going to the MOON!

Here's a 1-year chart comparing Bitcoin to Hive, Hut 8, ETH & GLXY since February 2020, yes, I am well aware of the correlation!

Chart comparing Hive to Bitcoin, Ethereum, Hut-8 & GLXY since early 2020, Hive is outperforming all assets mentioned, CLICK HERE!!

AlphaJ wrote: If hive breaks the trend? You do realize hive's price direction is 100% dependent on the price direction of BTC. This is pointless analysis...

scotianbot wrote:
In the context of technical analysis, a channel occurs when the price of an asset is moving between two parallel trendlines. The upper trendline connects the swing highs in price, while the lower trendline connects the swing lows.

The channel can slant upward, downward, or sideways on the chart.

If Hive breakouts of the channel to the upside it would indicate that the price will rally further, and on the contrary, if it breaks below it could indicate further downside price movement.

Ascending Channel Chart Pattern For Hive, Click HERE!!!