Loading up on these Bitcoin Miners, think they will outperform most and they looked bottomed, should give you a good 10x-20x and get over ATH's by the time this is over.
mining stocks do be dead asf, massive short signal?
chart-art shows POSSIBLE uptrend , green trend-line means bullish . Over the ma line can_be 🐂, & under will be bearish Short to midterm . ~~N0 arrows. ~~ N0T trading Advise either +dyor
chart-art shows POSSIBLE uptrend , green trend-line means bullish . Over the ma line can_be 🐂, & under will be bearish Short to midterm . ~~N0 arrows. ~~ N0T trading Advise either +dyor
butterfly harmonic pattern: X=$24.46 A=$1.38 AB=0.78 XA BC=0.88 AB 0.78 BC=$8.59 0.88 BC=$10.5 0.88 XA=$17.62 1.13 XA=$35.54 1.6 BC=$45 1.27 XA=$53 1.41 XA=$79.5 2 BC=$96.82 1.6 XA=$144 2.24 BC=$156
chart-art shows POSSIBLE uptrend , green trend-line means bullish . Over the ma line can_be 🐂, & under will be bearish Short to midterm . ~~N0 arrows. ~~ N0T trading Advise either +dyor
chart-art shows POSSIBLE uptrend , green trend-line means bullish . Over the ma line can_be 🐂, & under will be bearish Short to midterm . ~~N0 arrows. ~~ N0T trading Advise either +dyor
CAN is printing a Broadening Bottom Megaphone pattern on the CAN daily chart; the RSI looks to be increasing on the price lows indicating increased momentum. Zooming out it also looks like an accumulation pattern has been forming over the past several months. The megaphone may work as the "Spring / Test" stages for Phase C if it plays out and bring the price back...
Holding that critical level there at 4.55, looking left, a backtest of this level here leads to substantial upside to the likes of 400%. Real nice consolidation taking place with bullish divergence on the Daily. I think all its going to take is a strong move from Bitcoin to really get some of these sympathy/mining stocks running.
Net revenue in Q4 increased by more than 5,700%; Gross profit of $233 million VS last year's profit of $1.4 million; Full year net revenue of $783 million VS $70 million for 2020; Net income $314 million VS $34 million loss the year prior; CAN Canaan 8.87 P/E Ratio (TTM). Based on financials and technical analysis, i think $7.25 and $10.10 are possible targets.
chart-art shows POSSIBLE uptrend , green trend-line means bullish . Over the ma line can_be 🐂, & under will be bearish Short to midterm . ~~N0 arrows. ~~ N0T trading Advise either +dyor pls
Broke downtrend to the upside. Look for a nice move to the upside.
chart-art shows POSSIBLE uptrend , green trend-line means bullish . Over the red fibo Level can_be 🐂, & under will be bearish Short to midterm . ~~N0 arrows. ~~ N0T trading Advise either +dyor
breaking the downtrend strongly, and passing the first major resistance, makes it easier for a bullish rally!
chart-art shows POSSIBLE uptrend , green trend-line means bullish . Over the red fibo Level can_be 🐂, & under will be bearish Short to midterm . ~~N0 arrows. ~~ N0T trading Advise either +dyor pls.
Technicals: RSI is oversold and looks like it is reversing. The price has also reached a long term support of around $4.6. Fundamentals: Canaan stock has a high correlation with the price of Bitcoin as they produce the hardware to mine Bitcoin. The market cap is under $850 million. The bullish news is the sale of 30000 of their flagship Avalon mining kits to...
$CAN that last price drop indicate that correction not yet done. there could be relief bounce soon but be carful when trading against the trend .