I am long on MARA at these price levels. Here is why:
- The Elliot wave theory seems to be taking play here and it looks like we are about to start impulsive wave 5 after seeing corrective wave 4. Follow the patterns.
- The RSI is bottoming out (oversold), perfect conditions for the tide to turn after a steep correction.
- We seem to be bouncing off the 1.618 FIB, which we must hold or I think we will break down to the .618 FIB and bottom resistance levels around $8.
Everything is not matching up perfectly on the chart, but damn near close.
Your feedback and thoughts are appreciated!
- The Elliot wave theory seems to be taking play here and it looks like we are about to start impulsive wave 5 after seeing corrective wave 4. Follow the patterns.
- The RSI is bottoming out (oversold), perfect conditions for the tide to turn after a steep correction.
- We seem to be bouncing off the 1.618 FIB, which we must hold or I think we will break down to the .618 FIB and bottom resistance levels around $8.
Everything is not matching up perfectly on the chart, but damn near close.
Your feedback and thoughts are appreciated!
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.