MARA Holdings, Inc. is a digital asset technology company, which engages in mining cryptocurrencies with a focus on the Bitcoin ecosystem.
They have a current P/E of 8.18 and a slightly positive seasonal rating.
Generally there is a fairly good correlation with BTC.
Technically I see several patterns at present:
1. A Bullish Wolfe Wave
2. A Complete ABCD pattern
3. A Longer term Harmonic Bullish Crab pattern.
4. Positive RSI divergence appears to be present,
I point this out being fully aware of the present chaos the market is in.
Specifically :
1. With a Tariff Policy probably formulated from a CHATGPT search by a DOGE junior staffer.
2. Where s 401(K)s risks becoming a 201(K)s.
3. Where the Waffle House appears not to care and but can shift and change policy at any point.
4. Analysts estimated are positive (insert)
That said and with a stronger BTC and a generally positive market shift, I believe MARA will participate.
Note: There is a longer term crab pattern in play which suggests we may bottom out around the $7 area.
We need clarification and a reversal of currently ill advised and destructive tariff policy.
I will entertain a long position if we close above the $11.60 area with volume, a stronger BTC a positive market outlook and tariff nullification.
My Targets are marked. Analysts targets ate an insert.
Q4 and Full year earnings are set for early May. Q3 exceeded expectations
This is not Investment advice. Do your own due diligence.
S.
They have a current P/E of 8.18 and a slightly positive seasonal rating.
Generally there is a fairly good correlation with BTC.
Technically I see several patterns at present:
1. A Bullish Wolfe Wave
2. A Complete ABCD pattern
3. A Longer term Harmonic Bullish Crab pattern.
4. Positive RSI divergence appears to be present,
I point this out being fully aware of the present chaos the market is in.
Specifically :
1. With a Tariff Policy probably formulated from a CHATGPT search by a DOGE junior staffer.
2. Where s 401(K)s risks becoming a 201(K)s.
3. Where the Waffle House appears not to care and but can shift and change policy at any point.
4. Analysts estimated are positive (insert)
That said and with a stronger BTC and a generally positive market shift, I believe MARA will participate.
Note: There is a longer term crab pattern in play which suggests we may bottom out around the $7 area.
We need clarification and a reversal of currently ill advised and destructive tariff policy.
I will entertain a long position if we close above the $11.60 area with volume, a stronger BTC a positive market outlook and tariff nullification.
My Targets are marked. Analysts targets ate an insert.
Q4 and Full year earnings are set for early May. Q3 exceeded expectations
This is not Investment advice. Do your own due diligence.
S.
Trade closed: target reached
Note
Not an easy trade but on something else... probably would purchase on weakness and the tone of the market is more transparent.
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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.
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.