CAN it recover? Another strong weekly RSI divergence spotted
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.
Commento:
Either this new low is a golden opportunity, or the beginning of the end for Canaan. Almost too good to resist though
Commento:
Even after that steep decline, weekly RSI still somehow rising. Expecting fireworks here now that the Chinese liquidity taps are turning back on