CAN, has recorded significant net buying this past few days with volume surging +70% from 2.66M to 4.32M. This is hinting of significant accumulation in anticipation of the awaited growth season. On weekly histogram, the stock registered higher lows - the shifting interval is 6 months. This depicts an initial trend reversal move with the current price range as...
If you haven`t bought CAN before the previous earnings: Then analyzing the options chain and the chart patterns of CAN Canaan prior to the earnings report this week, I would consider purchasing the 1usd strike price Calls with an expiration date of 2024-5-17, for a premium of approximately $0.08. If these options prove to be profitable prior to the earnings...
In a strategic move to fortify its position in the competitive crypto mining industry, Canaan, ( NASDAQ:CAN ) a prominent mining rig manufacturer listed on Nasdaq, has successfully raised over $50 million through preferred shares financing. The company aims to utilize the funds to enhance its research and development capabilities, expand production scale, and...
📉This graph shows the average price of the main companies in the cryptocurrency sector, and their correlation with Bitcoin. I follow the same logic for crypto ETFs, in which I analyzed this link: The correlation shown here is a little lower compared to ETF's. 🐔I think that the price will make a hen fly, and then fall more strongly🐻.
Analyzing the options chain and the chart patterns of CAN Canaan prior to the earnings report this week, I would consider purchasing the 1.50usd strike price Calls with an expiration date of 2024-1-19, for a premium of approximately $0.77. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward...
can it make the run up or will we see new lows. hard to tell doenst look to hot but to push for it would be neat
Canaan stock has been in a downtrend since 2021. Canaan is one of the top Bitcoin Mining Companies. The price is approaching our buy zone. We expect one more drop and next the accumulation phase before the explosive move up. If we see one more drop, probably RSI on the weekly timeframe will be even more oversold. In our opinion this stock is very undervalued...
Quick update for CADJPY pair. I spotted one more bullish clue: the price broke and closed above a minor falling trend line on 1H. I believe that the market will reach 105.6 / 105.8 levels soon. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
CADJPY dropped to a key level on Friday. I expect a pullback from the underlined structure at least to 106.57 level. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
On the monthly chart, the price reached the liquidity area and then closed above it, indicating a successful liquidity grab. Risk/Reward Ratio 2.86, the nearest profit level - 6.98 (+115% from current price). Scenario cancellation - if the price reaches 1.85. I have grabbed 1470 shares by 3.4091 for my investor *The analysis is purely the author's subjective...
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.
WEF Summit in DAVOS Began today, May 22, 2022. World Economic Forum members are face to face \as opposed to Virtual. Topics include Ukraine, Energy, Nato, and Climate. Government Policies will be shaped this weekend for the next 18 months. Volatility & Stability will be addressed with strategy sessions will be addressed in breakout groups to present a...
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.
Expecting a W2 test of $8.37 here B4 W3 can make any push to my higher targets.
Can is a great choice when its come to crypto mining stock.
Such a beautiful chart, just hitting the gap fill now and hit it's lowest volatility ever, this thing should take off soon.
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...
Time Frame D1 (Find your right pairing coming soon) USD - Stroger GOLD - Stoger GBP - Medium AUD - Medium CAN - Medium EUR - Weekness CHF - Weekness