CAN Long setup Long Trade Idea: Entered long after a strong bullish move followed by a retracement into a key discount demand zone. Price is showing signs of support, and indicators confirm bullish momentum. Expecting a continuation of the uptrend.
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−0.9088 USD
−249.75 M USD
269.32 M USD
About Canaan Inc.
Sector
Industry
CEO
Nan Geng Zhang
Website
Headquarters
Singapore
Founded
2013
FIGI
BBG00QQ10GB3
Canaan, Inc. is a holding company, which engages in developing and selling Bitcoin mining machines and related services. It focuses on the development of green mining. The company was founded by Jia Xuan Li, Xiang Fu Liu and Nan Geng Zhang in 2013 and is headquartered in Singapore.
1/21/25 - $can - Duh buy $21/21/25 :: VROCKSTAR :: NASDAQ:CAN
Duh buy $2
- tells you we are going to smash our revenue guide by 2x
- stock almost goes flat on the day
- this is pretty no brainer at this pt guys
- can sell the $5 call options for jan '26 for 65 or 70c to hedge yourself out.
V
Stay tuned for the big whale showIf Canaan is able to behave the same as it did 4 years ago, we will likely see ~$20 around mid of March. Stay tuned for it!
Company Overview: Canaan Inc. (CAN)Canaan Inc. is a leading provider of high-performance computing solutions and is primarily known for its focus on blockchain and artificial intelligence (AI). Below is a breakdown of the company’s profile, operations, and its role in the market.
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Company Background
Canaan Inc. (NASDAQ: C
CAN Breakout imminentI see CAN looking to break through this resistance which was support in the previous cycle. I believe if we can get above the $1.80 level it can start to break much higher. Just a thought... we shall see.
CAN Longwedge in uptrend
Long 1.6
Stop 0.9
Target 3.2
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
Clear upside to come NASDAQ:CAN is looking at a strong possible bullish reversal to the upside after it break up strongly above the consolidative range. Foresee 3.94 as a strong target
Canaan (CAN) Historical Pre-2020 Rally Setup ReformingI know, I know. Past performance is no guarantee of future results. But man, just look at that Bollinger Band constriction, the huge weekly RSI divergence, and the fact that the current setup lines up almost identical to the pre-2020 rally.
With China's liquidity taps back on and BTC looking primed
Yes We CANCanaan Inc. (CAN) has had several bullish developments recently. The company continues to focus on expanding its bitcoin mining operations and strengthening its balance sheet through strategic financing and share purchases. Some key highlights include:
Operational Growth: Canaan's bitcoin mining ca
CAN and the importance of consistency and disciplineCAN is a stock I've been trading frequently lately. See the chart above for its entire trading history.
It opened its first day of trading at 12.60 and closed yesterday at 1.21 - a 90% loss since day 1. This has clearly been a wealth destroyer and a stock most people would say to run from as fast
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Summarizing what the indicators are suggesting.
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An aggregate view of professional's ratings.
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Displays a symbol's price movements over previous years to identify recurring trends.
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