Expecting a W2 test of $8.37 here B4 W3 can make any push to my higher targets.
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.
CAN 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 :)
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 is a great choice when its come to crypto mining stock.
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
It 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.
$CAN Daily looks ready to break out of this reversal pattern (IHS), the weekly chart shows MACD crossover, and we are seeing nice accumulation during our last sessions.. Here are a couple targets I set for this swing play.
- daily chart currently show inverse head and shoulder pattern. - DMI indicating strong uptrend. - Stoch indicating few more days of upward movement until it enter overbought region. - high probability to break out next week. - break out is confirmed if the volume is significantly higher from previous trading day. "Market is always right"
- in Daily chart, since it rebound at Fibonacci .618 from the lowest price, there is high probability it currently forming the third wave of Elliot Wave. - DMI is indicating strong uptrend and Stoch indicating there is few days of uptrend before market decide to continue uptrend or to do correction. - RED resistance lines are for reference to exit and reentry. -...
if there is a bullish hammer down below, it will go up.
Hello Traders, If CAN failed to breakout, we weill enter in a short position. * You may take your profit all the way down. * SL will be 7.40$. Happy trade. *** This is not a financial advice, I'm still a beginner trying to share my road here. Happy trade.
Hello 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.
Such a beautiful chart, just hitting the gap fill now and hit it's lowest volatility ever, this thing should take off soon.
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 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...