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 Longby KennyMSmith0
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. Longby ghengiskahnspermshot225
CANRevenue of $61.5M (+538.0% Y/Y) **** As the Company mass produces its new generation of Bitcoin mining machines, it also expects its yields and deliveries to increase substantially as compared with the first quarter of 2021. The Company recognizes that the trends in Bitcoin prices are currently hard to predict and cannot provide financial guidance due to Bitcoin's price volatility in late May of this year. seekingalpha.com canaan.ioby ChimpCapital0070
CANAAN 6/1/2021NASDAQ:CAN Above Average Volume last few days. Holding the 200 SMA. 5 &10 SMA crossing. HVN above. RSI @ 43. TP1 - $11.85 TP2 - $13.14 TP3 - $15.02 SL - $8.33Longby cespitia1
BUY NOW!! I believe bottom resistance has finally been touched..The resistance from last year is now acting as support for the downtrend and since it has recently touched the bottom resistance I believe after a bit of sideways action this stock has the potential of atleast 5X in the near future. let me know what you think? by Mev-In1
$CAN loves the shark harmonic pattern on the top and dipshark harmonic pattern: 3-4=0.38 X-3 4-5=1.6 3-4 tp1=1.6 4-5=$8.5 tp2=0.88 X-3$7.7 tp3=1.13 X-3=$5.42 tp4=2.24 4-5=$4.1Shortby HarmonicPitchforks443
CAN it keep going?Canaan has been downtrending for almost two months now.. is the bleeding over? From a technical standpoint, it seems Canaan might quickly touch the $6-7 range before bouncing back to high levels.Shortby TradingWithEmotion0
How deep Could CAN go?Breaking the bullish trendline + crossing Below the opening Price, it could be 6-6.5 soon. Do you think it is not possible??? I made the first call to buy CAN 7 months ago when it was 2.63, and talked about a new all time high..! then review my CAN analysis: Nov 11, 2020: Keep it on your watch list Nov 16, 2020 Dec 17, 2020 Feb 4: Apr 7 Those who have early access to my trading ideas have the chance to perform better. Don't you believe it? If you are interested to have early access to my trading ideas, check the signature box below the post for more information.Shortby Moshkelgosha336
$CAN Target PTs 23.50-35 and higherWave Analysis; pivoting off Support and up-trending towards Resistance Canaan Announces Order for Bitcoin Mining Machines of up to US$93.63 Million via Long-term Partnership with Genesis Digital Assets BEIJING, April 28, 2021 (GLOBE NEWSWIRE) -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that it has entered into a long-term strategic partnership with Genesis Digital Assets Limited (“Genesis Digital Assets”) and secured a purchase order (the “Order”) from Genesis Digital Assets valued at up to US$93.63 million. As part of the Order, Canaan will deliver its A1246 AvalonMiner mining machines to Genesis Digital Assets throughout 2021, adding 117MW in next-generation Bitcoin computing capacity to Genesis Digital Assets’ current capacity of 140MW. Genesis Digital Assets is a leading Bitcoin mining enterprise with extensive experience in building and operating industrial-scale Bitcoin mining farms. Since 2013, Genesis Digital Assets and its legal predecessors has brought more than 250,000 miners online and mined over US$1 billion in Bitcoin. As of April 2021, Genesis Digital Assets’ operations accounted for more than 1.2% of the world’s total Bitcoin mining hashrate. Mr. Nangeng Zhang, Chairman and Chief Executive Officer of Canaan, commented, “As an industry leader, Genesis Digital Assets requires Bitcoin mining solutions with robust computing power and significant cost efficiencies. Our A1246 Avalon Miner has a stable hashrate of 90TH/s and power efficiency of 38J/TH, making it one of the most powerful ASIC miners on the market today.” Mr. Zhang continued, “We are seeing higher interest from institutional players and the emergence of new mining hotspots around the world in 2021. As such, to provide more value to our overseas customer base, we have established our first-ever after-sales service center outside of China. Our long-term partnership with Genesis Digital Assets is aligned with our global ambitions, and we plan to repeat this success formula with more international customers going forward.” About Genesis Digital Assets Limited Genesis Digital Assets Limited is one of the world’s largest and most experienced Bitcoin mining companies. Since 2013, Genesis Digital Assets and its legal predecessors has built over 20 industrial-scale Bitcoin mining farms, brought over 250,000 miners online, and mined over US$1 billion in Bitcoin. As of April 2021, Genesis Digital Assets’ data center capacity was more than 140MW, translating into a total hashrate in excess of 2.0 EH/s, which is more than 1.2% of the total Bitcoin mining hashrate in the world. Genesis Digital Assets’ mission is to build the world’s largest and most profitable Bitcoin mining operation by 2025. About Canaan Inc. Established in 2013, Canaan Inc. provides high-performance computing solutions to efficiently solve complex problems. In 2016, Canaan successfully initiated the production of its first 16nm chip and passed the test to receive China's national high-tech enterprise certification. In 2018, Canaan achieved major technological breakthroughs to launch the K210, the world's first-ever RISC-V-based edge artificial intelligence (AI) chip, which is now widely used for access control in situations such as smart door locks and more. Canaan Inc. is currently focused on the research and development of advanced technology, including such areas as AI chips, AI algorithms, AI architectures, system on a chip (SoC) integration and chip integration. Using the AI chip as its base, Canaan Inc. has established an intellectual value chain. Canaan Inc. also provides a suite of AI service solutions and is able to tailor these solutions to the needs of its partners. For more information, please visit: investor.canaan-creative.com. Safe Harbor Statement This announcement contains forward−looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward−looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, the business outlook and quotations from management in this announcement, as well as Canaan Inc.’s strategic and operational plans, contain forward−looking statements. Canaan Inc. may also make written or oral forward−looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”) on Forms 20−F and 6−K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Canaan Inc.’s beliefs and expectations, are forward−looking statements. Forward−looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward−looking statement, including but not limited to the following: the Company’s goals and strategies; the Company’s future business development, financial condition and results of operations; the expected growth of the Bitcoin industry and the price of Bitcoin; the Company’s expectations regarding demand for and market acceptance of its products, especially its Bitcoin mining equipment; the Company’s expectations regarding maintaining and strengthening its relationships with production partners and customers; the Company’s investment plans and strategies, fluctuations in the Company’s quarterly operating results; competition in its industry in China; and relevant government policies and regulations relating to the Company and cryptocurrency. Further information regarding these and other risks is included in the Company’s filings with the SEC, including its registration statement on Form F−1, as amended, and its annual reports on Form 20−F. All information provided in this press release and in the attachments is as of the date of this press release, and Canaan Inc. does not undertake any obligation to update any forward−looking statement, except as required under applicable law.Longby BADQOMOCAWGOWLD113
CAN - finally 🚀 timeCAN had some exciting news with new contract of 11,760 Bitcoin Miners As long as we close 1D today above the RED trend line, and with MACD ready to cross... This could be the signal we have been waiting for. 😎 IF BTC is done dropping and sellers lose strength, CAN should soar from here. Let's see what happens, be patient and ready.Longby peterbhc6
CAN watch for breakoutWe have some small 4h Bullish Divergence on 4h RSI so breakout could happen soon, entry on backtest of that downsloping resistance. Much better entry area would be in single digits but let's see where (if) it actually occurs. Bullish f it can rally and break back above $12.3 resistance, otherwise probably headed towards $9 where we would look for another entry opportunity. 3 targets for risk management. Watch for volume signature on that possible brekout for confirmation.Longby Ravich000Updated 1
CAN: This tracks BTC and with BTC on track to hit $65K or higherthis should fly very soon.Longby Will_Wong334
CAN... you breakout this time?CAN has been punished. Is it finally over? IMO it is time to revive! CAN, once you breakout above the YELLOW trend line, I will welcome you back into my portfolio 😉 (but not before...)Longby peterbhc110
CAN: Head-and-shoulder bearish signalAs devastating as it is today, the worse is yet to come. It's possible that CAN retract for a day or two but the downtrend is inevitable and most likely won't stop for another %50 loss. This was not unforeseeable considering the gap that was about to be filled as you can see in white boxes. Shortby RealamhUpdated 0
CAN trade shortThe analysis is as follows We have made a head and shoulders and broken the neckline It appears that we are making an abc to the downside. The wave A and B have finished and were incredibly clear. Currently we are in the developing wave 3 of the wave C, and I assume that this will take us down to the 10$ mark. This 20 dollar mark is the 1.618 of the wave one of the wave C and the 0.8 fib retracement of the greater wave. 10 Is also an incredibly strong psychological number, hence why I assume it will move down to here. I am assuming that it will move down to here by the end of the week. Assuming this channel holds, we will see a minimum 11.64. A break from this channel could possibly discredt my wave count. My only concern would be that the wave 5 of the wave 3 doesn't go as low as expected, but judging by the volume behind the earnings drop, I am going to assume that there is lots of bearish momentum behind this stock. Longterm target is around the 5$ mark. Shortby Mika_k1
dip entry here ?nice dip entry here for CAN, oversold RSI and if it breaks top trendline we can see a test of 22-25 resistance. on watch, please like and follow if you like my ideas :) thanksLongby Vibranium_Capital28
CAANAN SET TO RIP! over $20 amid Coinbase IPOCaanan took a tumble earlier this week due to some FUD journalism and fears of a Bitcoin dump, however this Bitcoin Mining stock could not be more undervalued today as it surged back 15% in early amid new Bitcoin all time highs and a hotly anticipated Coinbase IPO debuting tomorrow. If you are looking for an extreme value play in the crypto space this week, cash in on the current hyperbullish wave of sentiment and take a position in CAN. With the chart forming a technical double bottom I expect extremely high percentage gains to capture it's former $20 price ad bitcoin trades up to over $80,000 in the near term. Cheers, and good luck my fellow cyrpto bulls. Peace!Longby bradleylitwin2
A long shot ray of sunshine for current CAN hodlersFor those of you stuck in a long with this nightmare, sleep a little easy hoping that the current nosedive can play out like this fairly recent H&S that began forming on March 1st. The current one is much bigger but if it resembles the baby one relatively speaking, then maybe, just maybe this thing still has a chance to rebound Thursday afternoon and board the BTC train if it has any steam left in the engine by then. I honestly don't see this week being salvaged for CAN but who knows?Longby sonofopossum2
Head and shoulder in CAN chart..!I published a private short idea on April 7th when CAN was traded at 18.15. Time is the best Judge, and shows how accurate my analysis is..! for evidence check the linkby MoshkelgoshaUpdated 448
CAN Analysis $CAN | #Analysis | #StockMarket Price Target 30.43 🎯 Bull Flag ✅ Volume Exhaustion in Downtrend ✅ Higher Low being Made above 50EMA ✅ RSI Curling Up ✅ Entry on Break of 21.60 with Confirmation ✅ Invalidated below 15.60 ❌by itsCblast227