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HIVE DIGITAL TECHNOLOGIES LTDHIVE DIGITAL TECHNOLOGIES LTDHIVE DIGITAL TECHNOLOGIES LTD

HIVE DIGITAL TECHNOLOGIES LTD

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HIVE trade ideas

Looking at HIVE on the TSX-VSpending some time in the world of financialisation of blockchain and cryptocurrencies. HIVE looks like an interesting player that has recently garnered some attention. Vancouver based and they specialize in ETH mining which will prove interesting because ETH is scheduled to be proof of stake...not so sure, have a bid in for a small amount of shares as I have limited capital at the moment. Putting in a small order near 2.32 with an assignment to do some more study of this company. Not in a hurry to buy as I am not fully convinced that with Proof-of-Stake, their venture will find profit in the long term.
TSXV:HIVE
by JJMa
1
Micro Bullish Flag or H&S? It appears as though a bullish flag is forming for Hive. KST is about to cross bearishly indicating there is potential for further downside action. I have placed three blue finger icons that represent previous examples of micro head and shoulder patterns, the dark blue human icon is the head of potentially a Macro H&S and the two fingers would be the shoulders. In dark green there's merit for a Macro Ascending Triangle, price target of approximately 1 dollar CAD if the pattern plays out bullishly.
TSXV:HIVE
by ScotianBot
Ascending Triangle breakout for Hive, new ATH's on the way?Hive appears to be breaking out from a Ascending Triangle. With the Halving approaching in less than a month & China officially launching their own Digital Currency recently, there's Macro bullish sentiment that surpasses the positive crypto environment that resulted in Hive going parabolic along with Bitcoin & Ethereum. McDonald’s and Starbucks are reportedly part of China’s digital currency trial. China has rolled out a digital currency trial in Xiong’an, an area southwest of Beijing in the Hebei province, according to state-backed media reports. McDonald’s, Starbucks , and Subway are the only three American firms among 19 companies participating in the trial. The People’s Bank of China (PBOC) has been working on a digital yuan for the past few years but has made clear that it has not yet officially launched. McDonald’s and Starbucks are among a handful of companies taking part in a new pilot program for China’s upcoming digital yuan, according to state-backed media, as the world’s second-largest economy pushes forward with its plans for an electronic currency. This is the main reason why China propaganda has become dangerously provocative in America. China is rolling out a cryptocurrency, a lot of the details have not been divulged. I can tell you the cryptocurrency China’s rolling out will likely be backed by gold . China’s got 20,000 tonnes of gold or more, add the fact they are dumping U.S debt & treasuries at an alarming rate, it's plausible they'll bring back a gold standard for the new century.
TSXV:HIVELong
by ScotianBot