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Canaan Inc.Canaan Inc.Canaan Inc.

Canaan Inc.

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CAN trade ideas

CAN: Bullish Pennant (67%)Bullish Pennant (67%) Pros: Volume during post formation Descending volume during triangle formation Golden cross in blue PPS above 50MA and 200MA RS above 0 and ascending ATR Ascending R/R ratio above 4 250RSI above 50 200MA ascending, barely Target: PT = 56.78$ Help how ever you can to keep this alive. Thank you to those who have donated Coins! Always do your own due dilligence. This is not financial advice Stay Humble, have fun, make money! Education: www.dailyfx.com
NASDAQ:CANLong
by LeLaf
1
Perfect time to short..!Potential price drop: 30-40% Reward/Risk:3 Timeframe: less than 1 months I always try to present the charts in a simple comprehensive format to prevent any confusion. This is just my technical view, neither a fundamental comment,nor a recommendation to trade..! Please review my track record and calculate the odds for yourself..! You’re likes and comments encourage me to continue this. Stay tuned great live stream and quality content videos coming soon..!
NASDAQ:CANShort
by Moshkelgosha
10
Why cryptocurrency $CAN stock surged in February?$CAN stock surged in February as the extended rally in cryptocurrencies continued to boost $CAN stock. CAN stock is particularly well-positioned to benefit as a maker of Bitcoin mining machines, presently scarce and in high demand. Last week, Canaan announced “improved revenue visibility” for 2021 after receiving orders for 100,000 mining machines in North America, many of which were prepaid. Canaan Creative is just the latest beneficiary of the recent rush into cryptocurrencies. Founded in 2013, Canaan released the first ASIC-powered Bitcoin mining machine and is currently the world’s second-largest designer and manufacturer of BTC mining machines. finance.yahoo.com
NASDAQ:CAN
by AlenCiken
2
Mr. West Weekly note Report no. 11Trending up: CAN, MTSL, MVIS, COPT, RAIL, JBLU, GE, JETS, CSX, BOTZ, HERO, ZNGA, Trending down: WPRT, NNDM, NAKD, CRON, ACB, PBI, AESE, SYN, Consolidating: NCLH, XELA, AMC, REKR, UA, ROKT, DENN, MICT, Today's notes will reflect the number of up trending, trending down and consolidating stocks that are on the List. Based on this week, many of the stocks have been evenly distributed into the trending up, trending down, and consolidation categories. A great majority of stocks have been put into the trending up category. Once again, CAN has came up on top for this top trending up stock based on the volume of BTC increasing to 57,000 per bitcoin. In a recent news article by Newswires stated, "many purchase orders of mining machines were placed from Canaan and will likely occupy the current manufacturing capacity for the entirety of 2021 and beyond, according to the integrated circuit maker." This will increase the share price for the CAN stock that is trading at 23.90 a share.
NASDAQ:CAN
by Grantw04
$CAN Announced all time high purchased bitcoin mining machinesCanaan Announces Improved Revenue Visibility in 2021 today announced that its revenue visibility has improved substantially in 2021 as a result of attaining purchase orders totaling more than 100,000 units of bitcoin mining machines from customers in North America. Many of those purchase orders were placed with prepayment and will likely occupy the Company’s current manufacturing capacity entirely for the full year of 2021 and beyond. With those fully committed purchase orders, the Company now enjoys a much higher degree of revenue visibility and more precise forecast. As such, the Company is able to leverage such information and additional liquidity to conduct its component purchases, production scheduling, warehousing and logistics. In late 2020, we shifted our client base to mostly publicly traded companies and bitcoin-focused investment funds which tend to place sizable orders with longer-term commitment. As a result, we can now forecast our revenue much more precisely. This development from Canaan isn't a total surprise. After all, the price of Bitcoin has risen dramatically in recent months, and that attracts more miners to the pool. When more miners join the Bitcoin blockchain network, it adds to the hashrate. According to Blockchain.com, the total hashrate for Bitcoin has spiked to all-time highs in recent days. finance.yahoo.com www.fool.com
NASDAQ:CAN
by AlenCiken
What are the target price for CANPotential gain:+100% Reward/Risk:+5 Timeframe: 3-6 months I always try to present the charts in a simple comprehensive format to prevent any confusion. This is just my technical view, neither a fundamental comment,nor a recommendation to trade..! Please review my track record and calculate the odds for yourself..! Don't forget to like, comment, and Follow to encourage me to continue this. You can send TradingView coins to support me publishing high quality ideas..! Stay tuned great live stream and quality content videos coming soon..! I would appreciate if you share my analysis on your own social media with your friends and beloved ones.
NASDAQ:CANLong
by Moshkelgosha
7