Marathon Digital Holdings (MARA) is showing a potential Wave (4) correction setup on the daily chart.
Here's the plan:
Correction Zone: Watching the $18.91-$21.46 area (Fib 1.236-1.382) for a potential reversal.
Upside Targets: If support holds, Wave (5) targets are $28.17 and $34.46.
Stop-loss: Placed at $17.63 to limit downside risk.
A clean structure aligning with the Elliott Wave framework, offering a strong risk-reward setup.
Here's the plan:
Correction Zone: Watching the $18.91-$21.46 area (Fib 1.236-1.382) for a potential reversal.
Upside Targets: If support holds, Wave (5) targets are $28.17 and $34.46.
Stop-loss: Placed at $17.63 to limit downside risk.
A clean structure aligning with the Elliott Wave framework, offering a strong risk-reward setup.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
@ TheStockWhale on Twitter / X
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.