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Only valid if it doesn't break 27$
Canaan Inc.
Only valid if it doesn't break 27$
By Mr_Parker
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Updated
Apr 1, 2021
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Mar 20, 2021
-Teal colors are the support levels-
Red- Colors of lowest lows
Green - Highest highs
I believe we established support at 27$ mark
if it goes below this support level expect further decline to test each level of support!
If we stay above the 27$ mark in the next few days I expect a break out further ahead -testing uncharted new highs!
This stock is highly correlated with BTC pricing as well.
This is not a suggestion to invest.
Manage your own risk to the market!
I create these to help educate myself and provide samples for learning purposes.
You can support my continued education of stock analysis by:
Venmo - Nicholasparkerofficial
Apr 1, 2021
Note
I believe we will see this continue to have higher highs and lower lows in the next upcoming weeks.
Chart Patterns
Trend Analysis
Mr_Parker
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