MARA - Tipping point approaching
Updated
MARA is approaching the end of a pendent. Break out or break down by or before 5/17.
Looks like it could be setting up for a final wave before correction.
Bullish target is kind of crazy, as it would be a nearly 400% move... but a VERY STRONG 5th wave could push the price to $8.
Some bearish indicators though. Namely the bottom red bars.
How to trade:
Set an alert or a stop limit buy to buy if the price breaks out. I would want to see the price exceed $3.40 for confirmation and a break above $4 is a strong confirmation.
I am not currently long or short, but this one is on my list for calls next week.
Looks like it could be setting up for a final wave before correction.
Bullish target is kind of crazy, as it would be a nearly 400% move... but a VERY STRONG 5th wave could push the price to $8.
Some bearish indicators though. Namely the bottom red bars.
How to trade:
Set an alert or a stop limit buy to buy if the price breaks out. I would want to see the price exceed $3.40 for confirmation and a break above $4 is a strong confirmation.
I am not currently long or short, but this one is on my list for calls next week.
Note
Correction. Price gains not 400% if the price hits $8.But still, from sub $3 to $8 is a nice potential to have. :)
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