TeraWulf Inc. LongCrypto on the move breaking key levels.
Here is a stock that might benefit from that and might offer some upward potential along the crypto run. TeraWulf is a bitcoin mining company, but unlike other mining companies. This miner operates with a nuclear power plant. Pretty genius. History has proven that if bitcoin moves, this stock pretty much moves along. Seen from the daily we see a local breakout from the downward channel as the stock has been selling off pretty much, but with bitcoin breaking the 35k level, some potential firework for this stock might be looming and potentially trade back to maybe $3 range in the short term.
1WULF trade ideas
$WULF Long, falling wedge, breakout ?Falling wedge pattern on the 4hr, next 3 days may see a test of the wedge top and hopefully breakout.
Last few falling wedge patterns i published did not pan out, ;)
Falling wedges are loosing appeal for me -!
The miner stocks NASDAQ:RIOT NASDAQ:MARA NASDAQ:WULF are not behaving parallel with BTC, so this is all speculation.
Thanks again
wulfNASDAQ:WULF
As for Wulf, it is expected to correct to the level of 2.20 - 1.97$ ,
and then bounce from the bottom of the ascending channel and form a hidden bullish divergence
with lower lows in the RSI and higher bottoms in the price.
At this price level we also have the 0.618% fib level and the bottom of the ascending channel
which forms a very strong support level.
Any break bellow 1.97$ this could turn into bearish .
WULF Long on TeraWulf First one but after this yall be listenin'
close up
Chart says we will be at $3.62 mid Q2 23'
Then $5 something into Q3
after summer she rip to $11.5
Then she dumps to $7 on announcement of merger with Hut8 (USBDC failed vote), retaining the Terawulf brand
$7 to $26 After massive stock buyback program followed by announcment of the industries first BTC dividend.
then some pull backs cause its healthy or something, Followed by a head spinning run to $55 By 25' (Y/E) #55by25
Ideas simple, Buy 300,000 shares @ $0.783 for a cost of $234,900.
Time 1 Y +3Q's
Value of holdings at redemption, $16.5M
ROI $16,265,100 or like 70xish
*This accounting exludes revenue from BTC dividends
*This is also a absurd prediction with no basis in fact or reality.
*I am not even good at this, just playing around
*SATIRE, NOT INVESTING ADVICE OR ANY OTHER TYPE OF ADVICE