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MARA HOLDINGS

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M44 trade ideas

Marathon Digital Holdings, Inc. | Support Breached (Baseline)➖ On the 17th of July, the MARA stock produced a very strong sell signal in the form of a bearish candlestick pattern. ➖ This is a Doji and also a long-term lower high (July vs February). ➖ The ensuing price action formed what we call a "rounded top," a major reversal pattern. ➖ While these are strong bearish signals, there was a still a rising trendline working as support. ➖ This trendline is shown black on the chart and has now been breached. Breach of support. ➖ With support lost, we can expect MARA to move back to its baseline level; clearly shown on the chart. This is already an old move and fully confirmed. ➖ Depending on how the baseline is treated, we can determine if a recovery will take place or lower prices are expected. ➖ An initial bounce at baseline is ultra-high probability at baseline. Thank you for reading. Namaste.
NASDAQ:MARAShort
by AlanSantana
6
MARA: Warning - Triple Support Area Ahead! (D&W charts)MARA shows a critical setup on its daily chart, highlighting a notable triple support area made by the 22.82 level, the 21-day EMA, and a gap support at 20.92, creating a robust support zone. Recently, the price bounced strongly from this area, leading to a significant upward move, demonstrating the support's strength and market confidence in this level. On the weekly chart, the broader perspective emphasizes the pivotal point around the same support level, coupled with a trend line that has been guiding the uptrend since November 2023. This trend line has consistently acted as a dynamic support, reflecting the underlying bullish sentiment in the market. The recent price action shows a substantial rally, breaking above the pivot point and suggesting potential for further upside. The confluence of the triple support area on the daily chart and the established trend line on the weekly chart underscores the critical importance of the 22.82 – 20.92 level. As long as the price remains above this support area, the bullish outlook remains intact, providing a solid foundation for potential further gains. However, a mid-term pullback could happen, and the price could retest our support area in the next few days, especially if the indices continue to lose momentum. The recent price action, observed in the past few days suggest a top signal on the daily chart, so we need to be careful for now. In theory, its next resistance is at $34.09, and as long it doesn’t reverse the long-term trend by respecting our support levels, this bullish thesis will remain intact. For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions. Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation. “To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore All the best, Nathan.
NASDAQ:MARA
by Nathan_The_Finance_Hydra
1
MARA - Deploy The Lifeboats 😱🙀❗❗Before posting this I did check through the first page of most recent and most popular threads on MARA and it was very interesting to see that every one of them is "LONG" MARA. So this is a contrarian thread. And why is that? Well aside from the skill it takes to make a correct bearish call mid bull market; MARA is a fanboy hype stock. Most of the posts are based in "technicals" funded by hope . Hope is not a trading strategy. Its very interesting because the no.1 Bitcoin miner has looked ugly for quite a while and there have been multi-time frame bearish divergences. These days TradingView is even kind enough to highlight some of those divergences, but yet apparently no publishers have noticed them. Yet again they are all too busy looking at the stars ✨. The blind leading the blind. Bitcoin slumped today and altcoins took quite a hit. But MARA was already rolling down the hill for some time and continued today. So the question; if MARA is plunging while Bitcoin is still yet to reach a conclusive top... Where will it be if/when Bitcoin does turn bearish ❔ Where will it be at the end of a Bitcoin correction ❓ Probably not all the way up here. I called this as a weak 1:0.786 three wave correction when MARA was up @$21 back on March 24th. And so we'll see what how Bitcoin fairs over the weekend. But I have deep targets for MARA. Not advice.
NASDAQ:MARAShort
by dRends35
137
Marathon Digital: Strong!We expect the MARA price to continue to rally during the blue wave (x). Only when the high is placed a little closer to the resistance at $31.30 should there be a sell-off into our magenta Target Zone (between $16.35 and $9.86), which completes the same-colored wave (ii) correction. Within this range, investors can open long positions, whereby stops could be placed around 1% below the lower edge. Once the low is set, the price should rise above the resistance at $31.30. Only our 33% probable alternative scenario calls for a more bearish development: it still places the stock in the green wave alt. (2)
NASDAQ:MARA
by MarketIntel
3
Marathon (MARA) - Breakout and Upward MomentumMarathon Digital Holdings has been trading sideways for an extended period after our last analysis. The stock formed an equal high, dipped again, but consistently held around the High Volume Node Edge Point at approximately $20. Following the latest retest of the $20 level, MARA has broken out upwards, leaving a breakout gap behind. Today's 19% increase indicates strong upward momentum. Key observations include the breakout gap, which may be retested. This retest could provide a good entry point if the price holds above the gap. The $20 level has proven to be a strong support area, consistently holding the price during the sideways movement. The recent strong movement and potential bottom formation at $14.23 indicate a possible end to the downward trend. A push above the $25 level would provide stronger confirmation of the bullish trend and indicate a clear breakout from the previous range.
NASDAQ:MARALong
by freeguy_by_wmc