MARA Holdings, Inc.
Long

MARA possible route

The current downtrend is mimicking the inverse of the previous uptrend pattern. Based on that, and the 60 degree drop that followed, I predict MARA trends upwards along a 60 degree angle after closing the gap it is chasing, like today or tomorrow (4/15-16). Afterwards, a move to $48 is imminent technically, although I believe MARA belongs at $60 right now and will be pushed close to those levels through buying pressure. Notice the current downtrend also acts as a channel, same as the previous uptrend.

I still have my May calls from earlier and have no intentions of selling them for a loss. They are $55 calls. I believe MARA is at $70 by May 21.

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.