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Canaan Inc.
Long
Updated

last chance the set up is there sure earnings came out its ok

551
monthly rsi bounced back above the 30 line as previous times in the past
in the weekly timeframe attached the rsi dipped far into 30 indicating oversold areas and by looking at the volume that accumulated around this price range it can indicate a rebound back up if bulls were to maintain these current price sure price can break into the low 0.70s a bit maybe more interest arises than as price drops

fundamentals look aligned with technicals and we can even say the company is undervalued.
monthly weekly daily timeframes were bullish up until pre market before markets open till now volume against the stock willing to sell is weak
Note
Company announced share repurchase program of up to 30million after this analysis

fundamentals, company share buybacks, technicals, 52 week low, crypto boom what more do you want



05-28-25
Trade active
Note: current purchases by the companies CFO, and CEO may show confidence in the current stocks fair value.
The weekly rsi has slightly risen above 30 which may be leaving oversold levels which the stock is still currently facing. A level right at the very bottom, it would require momentum from buyers to show strength and sellers need to be exhausted further.

Will the fear of tariffs loom around the stocks future forever?
Note
breakout imminent above 0.92 breakin above 0.99 will cause further bull run so long as crypto remains bullish

if price can not break above 0.92 and drops back down 0.82 would be immediate support.
Note
CAN
above 0.92usd this should break above 1USD Momentum is towards the buyers side.
below 0.92usd Price needs to hold above 0.82USD
so for CAN 0.59, 0.79 had noticeable reaction to these prices 0.99 will be resistance



as of 2025-07-15 support is found above 0.84 with bulls holding price action

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