peterbhc

MARA Double Bottom at $5.26 support?

Long
peterbhc Aggiornato   
NASDAQ:MARA   Marathon Digital Holdings, Inc.
Will MARA turn around here and begin to climb?

Looking at the price structure $5.26 has been a pivot price range.

Depending on the daily close above $5.26, I expect MARA to perform a double bottom for 2022.

Good Luck
Trade attivo:
I entered LONG at $5.10
Commento:
added to positions at $4.90
Commento:

Let's see what today brings, but this could begin a reversal?
Commento:

Watch for the weekly close today. Currently MARA is printing bullish divergence.

The price range has descended below the previous low this year (A) to complete C.

I am expecting some bullish reaction down here and begin another 5 waves up. Let's see
Commento:

Notice the Cloud and the 50% retracement. I believe that after a wedge breakout and following the declining selling volume, MARA should test the 50% retracement (that today is just above $9.50) to test previous support.
Commento:
I am monitoring for a daily close above $5.26 for bullish continuation
Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.