$WULF - RC -
Added 2024-01-18 12:15:59 +0000 UTC$WULF has been pulling back more than the other crypto companies and is working its way down through the Fib levels now, the positive is that the movement down is so far in 3 waves down which means it has every possibility to complete an ABC count down before moving higher.
Losing the 0.618 Fib and the 50 and 200 Day MA is normally not a good sign so this needs to hold support soon or there is a risk of this moving down to the blue line again for support at $0.51c.....the bulls can not make the market buy the stock they like, it must generate enough support to attract buyers, if the market sees value in other crypto companies over this, they will move to the most secure company first.
Comments
"On Jan. 14, Cointelegraph reported that Bitcoin mining firms Riot, TeraWulf and CleanSpark were the best-positioned to handle the significant cost increases expected following the BTC halving event in April or May." Right now, it is about 97% bellow it's ATH of 42$.
Luc
2024-01-18 14:44:48 +0000 UTC
