peterbhc

MARA Double Bottom at $5.26 support?

Long
peterbhc Mis à jour   
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
Transaction en cours:
I entered LONG at $5.10
Commentaire:
added to positions at $4.90
Commentaire:

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

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
Commentaire:

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.
Commentaire:
I am monitoring for a daily close above $5.26 for bullish continuation
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.