Canaan - Bitcoin Mining Hardware Solutions and AI Chip MakerLeveraging off the surge in Bitcoin popularity, Canaan is an interesting company that focuses on pure horsepower for CPUs processing Bitcoin and more importantly AI. Big recovery today after getting back to a good support area, with quite a bit of upside to old highs. At $20 a share could be a good target for retail investors particularly to push. From their website: Canaan Creative, known simply as Canaan, is a China-based computer hardware manufacturer. Established in 2013 by N.G. Zhang, Canaan specializes in Blockchain servers and ASIC microprocessor solutions for use in bitcoin mining. Initially, Canaan mainly developed FPGA products based on the SHA-256 algorithm TradingView Description: "Canaan, Inc. provides high-performance computing solutions to efficiently solve complex problems. Currently, the company is focused on the research and development of advanced technology, including such areas as AI chips, AI algorithms, AI architectures, system on a chip (SoC) integration and chip integration. Using the AI chip as its base, Canaan has established an intellectual value chain. The company also provides a suite of AI service solutions and is able to tailor these solutions to the needs of its partners." Worth keeping an eye on. Longby zAngusUpdated 9
Only valid if it doesn't break 27$-Teal colors are the support levels- Red- Colors of lowest lows Green - Highest highs I believe we established support at 27$ mark if it goes below this support level expect further decline to test each level of support! If we stay above the 27$ mark in the next few days I expect a break out further ahead -testing uncharted new highs! This stock is highly correlated with BTC pricing as well. This is not a suggestion to invest. Manage your own risk to the market! I create these to help educate myself and provide samples for learning purposes. You can support my continued education of stock analysis by: Venmo - Nicholasparkerofficial by Mr_ParkerUpdated 111
Long $CAN on breakout out of channel / wedge and steep pullbackWent Long on $CAN after breaking out of channel or wedge, on the end of quarter, after a very steep pullback, and in the context of Tech and Semis being strong. - Entry: At 20.64 underlying, 2 vertical debits @ 22.5 / 45 strikes, for 3.19 - Target: 30 to 32 underlying, will look to hold half in case of a runner. - Stop: Daily close and acceptance below 14 Longby trader_seb75110
ALL blockchain stocks are 1 WEEK behind in priceBitcoin is running to alltime highs. I have taken deep positions in RIOT, MARA, CAN, and XNET. Price action is lagging a week behind, but will soon snap to attention once the heard wakes up. Don't be late!Longby bradleylitwin334
New longer term price path for CANNIt seems like a new 'longer term' price path for CANN has been setup with the recent pullback. This could be due to the recent decline in cryptos and the change in rules around crypto mining in China, but that's simply a guess. The fib. retracement suggests the price may test a new possible resistance area around $30; at that point I would expect another pull back to widen the stance on the overall valuation. Remember, all this is pure speculation and is not financial advise.Longby chimera_brendo0
ABC targets with shark pattern and cypher reversal scenarioin the path of the slide must retest key level of the FibonacciShortby HarmonicPitchforks111
CAN Bounding off Trend Line / Fib?Could CAN be bouncing off of trend line and 0 fib line? Interesting that the trend line and the fib intersect right where CAN found support this week. Thoughts? by Sp1d3r3441
Canaan Could be a good entry opportunity if it closes the gap and bounces of it's weekly EMA support at 13$ So we have: 1. A potential retest of weekly 21 EMA 2. Closing it's Gap at 13$ 3.A potential cup, and handle forming The market is nuts right now+this is a volatile stock, if it goes below this range, i'm not touching it nor at the moment. ( Unless there will be a big bounce, and a closing candle on a daily chart above 50 EMA-18$ ) Longby polly410
CAN potential breakout dates, uptrending channel$CAN looks like its in a wide uptrending channel, and using the fib timezone tool on a key trendline support and gap I was able to locate some key potential gap days (as seen by the vertical blue lines).by wallstkings2
CAN follows Bitcoin and jumps on Fed newsThe Federal Reserve now sees inflation running to 2.4% this year, above its previous estimate of 1.8%. The central bank now expects real gross domestic product to grow 6.5% in 2021, compared with its 4.2% forecast from its December meeting. The Fed estimates the unemployment rate will fall to 4.5% in 2021, below the previous estimate of 5%. Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. This is for educational and entertainment purposes only. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends... *3x lucky 7s of trading* 7pt Trading compass: Price action, entry/exit Volume average/direction Trend, patterns, momentum Newsworthy current events Revenue Earnings Balance sheet 7 Common mistakes: +5% portfolio trades, risk management Beware of analysts motives Emotions & Opinions FOMO : bad timing Lack of planning & discipline Forgetting restraint Obdurate repetitive errors, no adaptation 7 Important tools: Trading View app!, Brokerage UI Accurate indicators & settings Wide screen monitor/s Trading log (pencil & graph paper) Big organized desk Reading books, playing chess Sorted watch-list Checkout my indicators: Fibonacci VIP - volume Fibonacci MA7 - price pi RSI - trend momentum TTC - trend channel AlertiT - notification www.tradingview.com by Options360664
Long | CANNASDAQ:CAN Possible Scenario: LONG Evidence: Price Action TP1 ~ 37.5, TP2 ~40, TP3 ~45 This is my idea and could be wrong 100%,Longby shksprUpdated 2
You CAN do it!Looking for dips to 25 and below possible, but can start buying under 30.Longby UnknownUnicorn97405Updated 221
CAn Long - as soon BTC starts going up!RSI around 40 is an good indicator before it goes up, It need som more timen to prepare for pullback. Longby Lilfish22440
CAN: Bullish Pennant (67%)Bullish Pennant (67%) Pros: Volume during post formation Descending volume during triangle formation Golden cross in blue PPS above 50MA and 200MA RS above 0 and ascending ATR Ascending R/R ratio above 4 250RSI above 50 200MA ascending, barely Target: PT = 56.78$ Help how ever you can to keep this alive. Thank you to those who have donated Coins! Always do your own due dilligence. This is not financial advice Stay Humble, have fun, make money! Education: www.dailyfx.com Longby LeLaf1111
Perfect time to short..!Potential price drop: 30-40% Reward/Risk:3 Timeframe: less than 1 months I always try to present the charts in a simple comprehensive format to prevent any confusion. This is just my technical view, neither a fundamental comment,nor a recommendation to trade..! Please review my track record and calculate the odds for yourself..! You’re likes and comments encourage me to continue this. Stay tuned great live stream and quality content videos coming soon..! Shortby MoshkelgoshaUpdated 101017
CAN on the rise?Great bitcoin run which will profit all the bitcoin farms / bitcoin related businessLongby ForexTradingSchool0
Tight correlation to BTCCAN, EBON, MARA, RIOT, All sharing the same price action as BTC. I plan on longing CAN due to BTC not finished with its bull run. Expect corrections along the way! Longby Mr_Parker112
This stock is on fi-yaaaaaI am long on this stock, if BTC rises this will as well but today was a big run if you are looking in you should wait or dip your foot in at this level. This stock will get up to about 40 tomorrow then correct down to 32 by Monday then you should buy it when it corrects because there will be no stopping it. This stock was 18 last week and 6 dollars in January, it is on fire and it's not stopping. Not a financial advisor, manage your own risk.Longby The_Poster_Child11117
CAN Double bottom/Cup and HandleLooking nice with the chart pattern here with CAN. seeing what looks like a double bottom or cup and handle through 4h & Daily time frame. Plus added confirmation of Bitcoin breakout. CAN compared to MARA & RIOT, looks like there still room for price increase. leaning towards the long side on this one still. Longby denebr553
CAN shortnice short for CAN Tried to test resistance around 25$ and got rejected.. Im planning to buy it back around 19.20$ Not financial advice!Shortby breno1590