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...
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...
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...
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.
butterfly harmonic pattern: X=$24.46 A=$1.38 AB=0.78 XA BC=0.88 AB 0.78 BC=$8.59 0.88 BC=$10.5 0.88 XA=$17.62 1.13 XA=$35.54 1.6 BC=$45 1.27 XA=$53 1.41 XA=$79.5 2 BC=$96.82 1.6 XA=$144 2.24 BC=$156
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.
Technicals: RSI is oversold and looks like it is reversing. The price has also reached a long term support of around $4.6. Fundamentals: Canaan stock has a high correlation with the price of Bitcoin as they produce the hardware to mine Bitcoin. The market cap is under $850 million. The bullish news is the sale of 30000 of their flagship Avalon mining kits to...
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.
On a larger timeframe this is a 2 pullback. On shorter timeframes it's at the Golden Fib looking to put in an IHS. High risk high reward play here.
shark harmonic pattern: 3-4=0.38 X-3 4-5=1.6 3-4 tp1=1.6 4-5=$8.5 tp2=0.88 X-3$7.7 tp3=1.13 X-3=$5.42 tp4=2.24 4-5=$4.1
Canaan has been downtrending for almost two months now.. is the bleeding over? From a technical standpoint, it seems Canaan might quickly touch the $6-7 range before bouncing back to high levels.
The analysis is as follows We have made a head and shoulders and broken the neckline It appears that we are making an abc to the downside. The wave A and B have finished and were incredibly clear. Currently we are in the developing wave 3 of the wave C, and I assume that this will take us down to the 10$ mark. This 20 dollar mark is the 1.618 of the wave one of...
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...
Trending up: CAN, DENN, ZNGA, GE, NIO, SNE, PBI, BOTZ, HERO, MICT, Trending down: SAVE, JBLU, CRON, NKLA, Consolidating: REKR, DASH, ROKT, AESE, JETS, NCLH, ABNB, UA, ACB, MVIS, On this date, January 4th, 2021 is the first year the U.S. economy has had severe virus that has taken many lives. It has also crippled many businesses. However, many other...
CAN 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.
CANAAN - Bitcoin ASIC miners manufactured from China start BUYBACK 22.09.2020. Buy now Sell level $3-4 Profit 90% Wish you luck !
EBON (EBANG makes BTC Mining Hardware) This will go up but what puzzles me is that it's competitor has a lower price and it is still dropping - both EBANG and CAN should be the same price and the y both will climb but both are finding that price as i write this. I am hopeful we will have a longer chart in the future with more to see. Once the BTC price jump...