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Sphere 3D Corp.

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ANY trade ideas

Substantial chart damage, if $2.24 fails, look to $0.34Unfortunately, if 2.24 fails to hold, and at the speed, this is dropping it does not appear that it will hold, this one could go back to the pennies. Strong support has failed at every level, including $3.50 and $3.34 which should have held in my opinion but did not. Yes, it's oversold, but its continued sell-off may indicate something more substantial here. Just because it may be oversold here does not mean this will bounce back, on the contrary in fact, it has thus far continued selling-off. In my opinion, something is just not right here and it could be that the business fundamentals are not lining up hence the steep sell off. One could make the excuse that this sell-off is predicated solely on bitcoin, but that doesn't jibe with the greater than 75% loss in value from its high? In my opinion, I think it best to bail out if you already haven't and sit on the sidelines to see what's happening here to preserve your capital. I'm wondering if there is an issue with the merger which would explain why the equity is under such HEAVY distribution. Your thoughts?
NASDAQ:ANYLong
by tb1964
ANY bounce from the strong support ??ANY Sphere 3D wants to rival MARA and RIOT in 2022. Peter Tassiopoulos, CEO of Sphere 3D: "We have successfully pivoted to the cryptocurrency mining industry with the purchase of our first 60,000 miners, capable of producing 6 exahash of capacity. we have secured an agreement with Gryphon Digital Mining to have Core Scientific host and manage about 230 megawatts of bitcoin mining capacity, which covers over 71,000 bitcoin mining machines." This strong support area seems like a great buying opportunity! My short term price target is the 6.2usd resistance.
NASDAQ:ANYLong
by TopgOptions
4
ANY - Looking for a CorrectionWith the combination of Omicron's affect on the market, the sudden urge for tapering by the Fed and the 10K+ drop in BTC, ANY is one of the most hammered stocks. ANY has dipped below the 30 RSI and crossing the 0.236 Fib line. However, when you include sentiment and the fact that ANY is still a bitcoin mining play, the technicals are indicating a strong buy. It's worth a position to test for any correction on the upside. As with any entry, have a stop loss and play the chart.
NASDAQ:ANYLong
by TheDrivenTrader
ANY Sphere 3D Hashrate computing power !!Sphere 3D Corp. (ANY) deal for rights to bitcoin mining agreements of 60,000 new bitcoin mining machines for a total of 5.7 Exahash of computing power. Marathon is on-track to deploying 103,120 miners which will provide a combined output of 10.37 ExaHash, resulting in an estimated 50-60 BTC per day. MARA Market Cap 5.036Bil vs ANY Market Cap 254Mil MARA 10.37 ExaHash vs ANY 5.7 Exahash Based on the fundamentals above, see 10X upside potential for ANY from here! My price target is 7usd by the end of the year and 12usd by the end of february.
NASDAQ:ANYLong
by TopgOptions
ANY IS FORMING A DESCENDING TRIANGLE WITH THE BASE AT $5.60The sold off Sphere 3D stock after the report came out on 15th November, coincident with Bitcoin pullback. Having looked at the weekly chart, we can see ANY is forming a descending triangle with the base at 5.60 as its long term support. If this support hold through until December, we can expect a breakout toward TP 8.60 and it may test the last peak at 12.28 If this 5.60s cannot hold, the next support is 4.35s (200 day moving average). Next resistance is 6.60 (50 day moving average) Although the outcome of the last ER did not meet the investors expectation, ANY remains a solid player among crypto mining stocks. Last month, ANY announced it entered into an agreement with Gryphon Digital Mining for approximately 230 MW of carbon neutral bitcoin mining hosting capacity to be managed by Core Scientific as hosting partner. The hosting agreement is the largest order in Core Scientific's history and represents another step forward for Sphere 3D and Gryphon Digital Mining in becoming the world's largest carbon neutral bitcoin miner. The merger date is expected to happen at the end of December so we can expect the breakout happen at that time. My idea can be 100% wrong. Please do your own DDs before entering this trade.
NASDAQ:ANYLong
by HannahN1512
5
(ANY) Golden Cross Pattern On WeeklyAny has been in a long period of consolidation after its run-up to 12 in early September. Now the 50-day moving average is about to cross the 200-day moving average on the weekly time frame and this chart pattern is known as a golden cross. With merger news right around the corner and this 2 months long consolidation period, I think we are primed for movement especially since the golden cross pattern is about to come into play. This last Friday (October 29) we saw a retest of low 6 before having a strong rebound to mid 6. Could be the start of a nice uptrend going into the week of Nov. 1st.
NASDAQ:ANYLong
by Chrisman2020
$ANY Momentum into earnings$ANY was an idea I generated months ago when it was near it's lows and is the #2 profitable ticker for me YTD behind only $AEHR. I was waiting for this to make a move higher, and then pullback to the level of support for confirmation before a breakout to the highs. It has now done this. It needs to be noted this has earnings on November 17th. Currently we are consolidating on a key level to include the 50day moving average and the anchored VWAP from August 6th when the gap started this momentum run and trend. This base we have been making for two months now on 5.50-5.70s is the biggest key level of all. Last week, we saw the stock crack the 50day and aVWAP on Friday but so far it has snapped back to reclaimed it. I will be looking early next week if it starts to fade lower vs that level or if it flattens back out. I will be looking for the range to continue to tighten up and volume to dry up. I'd really like to see this put in at least one day of under 10m volume right about where its at now and inside the range of $6-$6.5. However, either way, a move out of this base to the upside on elevated RVOL is a buy for me. This is a crypto play as well so Bitcoin and Etherium doing well makes this a stronger play. I think this can make a quick move towards $10-$12, consolidate, and push towards $20 before the end of the year. I will not hold chop into earnings. Only if this is strong and I have locked profits will I hold some through and even then I may take it off and look to reposition after. Just a coin flip. Obviously price action trumps everything so I will size appropriately, look for key levels to trim my position size and lock profits, then add back when it confirms higher on volume. If not, my stops will be trailing and I will not let a green trade here turn red. I will reenter if it warrants so.
NASDAQ:ANYLong
by LeveragedAF