$CAN$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 .
Trade ideas
CAN - Momentum Stock on UptrendCAN is forming higher high and higher low. Uptrend. For validation, EMA line started to form golden cross.
But do take note, currently hitting resistance line at 10.60. Monitor for breakout pattern.
Risk/Reward Ratio seems promising.
Disclaimer: It's my personal opinion. It is not meant to be a recommendation to buy or sell securities :)
CAN wants to continue its rally😛we were clearly being held back by the top trendline resistance for the past few months.
today we are finally breaking through that trendline resistance, now if it breaks the blue zone above it may go for a parabolic breakout to 20+
over 10.5/11.5 we can target 14.63/18.03/20.08
CAN - Canaan Inc.Potentially due to the recent fall in cryptocurrencies, CAN is putting in what looks to be an Inverse H&S pattern that could target a price near $18 per share. With so many great technologies being developed, not only for crypto mining, but other Artificial Intelligence technologies, could send price to new ATH's.
RSI says great buy
$CANIt seems as if we have completed the retracement after the impulsive wave.. As long as Bitcoin continues to show strength we can expect a nice move towards the upside.
$CAN Inverted Head & Shoulders$CAN Daily looks ready to break out of this reversal pattern (IHS), the weekly chart shows MACD crossover, and we are seeing nice accumulation during our last sessions.. Here are a couple targets I set for this swing play.
US - Canaan - Aug 2021 (2)- daily chart currently show inverse head and shoulder pattern.
- DMI indicating strong uptrend.
- Stoch indicating few more days of upward movement until it enter overbought region.
- high probability to break out next week.
- break out is confirmed if the volume is significantly higher from previous trading day.
"Market is always right"
August 2021 - CAN - in Daily chart, since it rebound at Fibonacci .618 from the lowest price, there is high probability it currently forming the third wave of Elliot Wave.
- DMI is indicating strong uptrend and Stoch indicating there is few days of uptrend before market decide to continue uptrend or to do correction.
- RED resistance lines are for reference to exit and reentry.
- in Weekly chart, although DMI is showing uptrend, it is still weak signal and Stoch also not yet confirm to continue uptrend or to break downwards.
- in Monthly chart, DMI indicates strong uptrend and Stoch indicates the beginning of uptrend.
- although it may going upwards, since it is a Monthly chart, with factoring in the analysis from Daily and Weekly charts, and considering the low price, expect strong turbulence during the upward journey.
"Market is always right"
CAN LONGInverse Head and Shoulders, measured move = $15
I'm long Oct 15th $15 call and common stock.
CAN - Possible shortHello Traders,
If CAN failed to breakout, we weill enter in a short position.
* You may take your profit all the way down.
* SL will be 7.40$.
Happy trade.
*** This is not a financial advice, I'm still a beginner trying to share my road here.
Happy trade.
CAN - Possible TradeHello traders,
We will enter in CAN now with the green line as a target ( we may take profit before the line ).
Our SL will be breaking the red line.
Happy Trade.
Canaan Inc to new ATH'sSuch a beautiful chart, just hitting the gap fill now and hit it's lowest volatility ever, this thing should take off soon.
$Can #Can you see the gap???I have been eyeing this gap for awhile, wondering if it was ever going to get filled, now its starting to look like it will. I don't know much about this company, but I am under the impression it has some relation to cryptocurrency which I am pretty bullish on, so in the $6.06 range I will be a buyer here. Not financial advice
Canaan Inc 🧙Canaan Inc is a developer of supercomputing chips and the manufacturer of digital blockchain computing equipment as well as the supplier of the overall scheme for computer software and hardware of digital blockchain. The equipment manufactured by Canaan is sold to many countries including China, the United States, Hong Kong, and other foreign countries. It derives a vast majority of the revenue from China. Its product includes Kanzhi Al and Avalon Mining Machine.
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Canfor instant monitoring
In the event that levels of 11.45 are breached, the door will open for the target
It is not a call to buy or sell, just analysis
Canaan stock buys 200% gain possiblelooking at the stocks its made a higher low pushing to the upside so we tried to fill that wick rejection on the monthly timeframe
Can -Canaan Inc with such a beautiful setup, going to be massiveOn a larger timeframe this is a 2 pullback. On shorter timeframes it's at the Golden Fib looking to put in an IHS. High risk high reward play here.
