$CAN

Beginning to warm to crypto via the market. From Reuters this morning:

CANAAN ANNOUNCES SIGNIFICANT CUSTOMER ORDER OF 11,760 BITCOIN MINING MACHINES.

6 month 1 Day chart MACD, RSI, and SS indicators appear to show a reversal in play. 1 Month 240 Minute and 10 Day 60 minute chart indicators are at highs which is typically not a good entry. Price may continue to climb or pull back for a better entry. Will have to see how investors play this mornings news and what direction price heads.

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Footnote: I am not providing recommendations or advice to trade a stock or fund. The intent of the post is to share a personal analysis of a specific stock or fund's indicators combined with personal trade considerations, if any, based on those indicators. And, to share my method of trading with those who may have an interest in it. I may/may not hold a position at posting or edit. Trends can and often are disrupted by external events such as news, earnings, overall market weighting. Thus, any historical patterns may not carry to the present or future. Conduct your own analysis and make your own consideration and entry/exit determinations and decisions.