CAN trade ideas
Waiting for ascent through triangleLooking very poised for a bull run shortly. Has been hovering below the Bitcoin stocks action the past few weeks. Look for this to get some attention with it being so cheap. The one market that isn't saturated for bitcoin just yet is the chip market. There will always be demand for new chips and boards. Look for attention soon. Looking for a price target north of $5.50
$CAN is gonna fall todayPupm&Dump trading strategy idea.
$CAN is rising without clear preconditions today.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $4,00;
stop-loss — $4,12;
take-profit — $3,76;
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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Bullish Pattern Rocketship soon.Looking to expand a bit more into Bitcoin exposure and this is a great entry to grab a ton of shares. Will keep this updated. Not as exciting as most though.
CAN downtrend breakout CAN breaking downtrend and the demand zone is well held. Go long here for a possible reversal at fib 0.618 for first price target, stop loss at volume POC.
Mr. West Daily notes Report from stock market listTrending up: MVIS, JETS, CCL, NCLH, GE, CRONOS, NIO, DENN, JBLU
Consolidating: MICT, UA, ZNGA,
Trending down: NKLA,
AESE is consolidating and trending up. It is gaining support. However, it is also showing signs of consolidating from it's down trend momentum. Thus, it has gain support right above .90 cents a share. (See link below for chart.)
CAN had a raise in share price since Nov 2020. It started gaining momentum the week before Thanks Giving. The price of its shares seemed to be overbought. It was on a uptrend. However, it is on the steep decline within a short distance. (See link below for chart.)
CAN | SHORTNASDAQ:CAN
Possible Scenario: SHORT
Evidence: Overbought RSI
It's my opinion and could be wrong 100%
CAN pops up after a long sleepCAN pops up after a long sleep
I saw the indicators telling me not to buy and so I ignored them because have no training.
I like shapes and saw a long tail which usually get a shake eventually
this is the day I get to say I told you so
off to lock in gains.
Keep it on your watch list Getting out of down channel makes it easy for Canaan to soar like a raging bull..!
CAN has been consolidating for over a monthCAN has been consolidating for over a month
price discovery is over
Bitcoin is rising
CAN will rise with bitcoin
i am guessing I am not an expert
CANAAN +90%CANAAN - Bitcoin ASIC miners manufactured from China start BUYBACK 22.09.2020.
Buy now
Sell level $3-4
Profit 90%
Wish you luck !
A Company With Net Loss in Successive Years - Is it a Zombie? A Company With Net Loss in Successive Years - Is it a Zombie firm?
CAN makes ASIC minersCAN makes ASIC miners
nuff said
It has been range bong at 1.80 to 2 for a while - it jumped up and fell down.
I think this is just a peek at things to come.
Is this the bottom? i don't know.
I will set low limit orders if i can.
Average Price for Buyback Within 12 Months Could Be 1 USD. When they sold 13 Mio shares in July, they pumped the price from 1.80 up to 3.05.
When they will start buying back (5 mio shares) from 22th Sept 2020 within 12 months what will they do, pump or dump?
Double Bottom formation is needed at 1.75-1.80 for confirmationDouble Bottom formation is needed at 1.75-1.80 for price confirmation and for feeling investors more safe
First Breakout Completed, 2nd Breakout at 2.43 coming soonFirst breakout was completed at 1.94 (Major breakout, since IPO)
Second Break out is coming soon (next week) at around 2.43
Double bottom was formed around 1.80-1.90
Weekly doji morning star was formed
5th touch at falling wedge pattern is coming which will lead to breakout at around 2.43
CANAAN bouncing along the bottomCANAAN bouncing along the bottom
just wait til it drifts lower again - this will jump when people notice what it is and its ties to crypto.
