CAN has been one of, if not THE, worst performing mining stocks this cycle.
Like the rest, it's completely decorrelated from the recent BTC price action and looks a little oversold to me.
Weekly RSI divergence been building really nicely though since end of December.
Just publishing this idea to track how it plays out post-halving. I might take a small punt if it dips back to its recent low/ nips under a dollar.
Like the rest, it's completely decorrelated from the recent BTC price action and looks a little oversold to me.
Weekly RSI divergence been building really nicely though since end of December.
Just publishing this idea to track how it plays out post-halving. I might take a small punt if it dips back to its recent low/ nips under a dollar.
Comment:
Either this new low is a golden opportunity, or the beginning of the end for Canaan. Almost too good to resist though
Comment:
Even after that steep decline, weekly RSI still somehow rising. Expecting fireworks here now that the Chinese liquidity taps are turning back on