Canaan Inc.
Pembelian

August 2021 - CAN

- in Daily chart, since it rebound at Fibonacci .618 from the lowest price, there is high probability it currently forming the third wave of Elliot Wave.
- DMI is indicating strong uptrend and Stoch indicating there is few days of uptrend before market decide to continue uptrend or to do correction.
- RED resistance lines are for reference to exit and reentry.

- in Weekly chart, although DMI is showing uptrend, it is still weak signal and Stoch also not yet confirm to continue uptrend or to break downwards.

- in Monthly chart, DMI indicates strong uptrend and Stoch indicates the beginning of uptrend.
- although it may going upwards, since it is a Monthly chart, with factoring in the analysis from Daily and Weekly charts, and considering the low price, expect strong turbulence during the upward journey.

"Market is always right"
Elliott WaveFibonacciSupport and Resistance

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