Is Hut 8 Trading In A Descending Triangle?

It would be interesting considering Bitcoin broke down from a massive descending triangle recently. Maybe this is one giant bull flag, but I don't see why Hut 8 would rip to the upside & break resistance if the underlying asset is declining in price.

Hut 8 has held up relatively well compared to other publicly traded Bitcoin & cryptocurrency miners. Even compared to Bitcoin itself. Bitcoin is down roughly twice as much as Hut 8 on a monthly & 3 month percentage gain basis. Weird.

I think the up listing the TSX is going to actually have a very bad effect on the sp & I wouldn't be surprised to see this get into the low 90c range. The tsx isn't your friend, lol.

Time will tell per usual..