$MARA Target PTs 44-55 and higherWave Analysis; pivoting off Support and up-trending towards Resistance
1MARA trade ideas
MARA trading in a range. Might be a quick win.Mara has been trading in a range and looks to have bounced back off its support area. If it is up today could be worth a close look. Supporting indicators look like an uptrend is forming.
Bit of potential upside there if it runs. Certainly a fairly popular pump stock by social media posters.
MARA looking like recovering after a pullback.MARA has been an absolute beast of a stock this year up and incredible 11,500% !!! over the last 12 months.
Had a bit of a well deserved pullback, but looks like it will resume its run.
I suspect though that if Bitcoin crashed Mara will come down just as quickly so keep a close watch if you decide to buy.
MARA sitting on support from 2016.MARA held support well these past couple of days. I don't think we fall below 30 again. Bitcoin being so aggressive helps to turn things bullish for MARA
Potential Triple BottomWe could see a reversal from a potential triple bottom. On the 4HR timeframe MACD is curling up ever so slightly. BTC is currently on a bull run and could continue tomorrow. Could turn out to be a good daytrade.
Hodling wasn't meant to be easy Extreme overbought leads to extreme oversold
Bulls are right but time is key patience pays remain calm from 30 to 50 can take less then a week load below 27 to 21
Is MARA Dead? Obviously MARA is completely dependent on the price of Bitcoin.
However, Look at all the touches and support on this trend line.
It is also the very strong 50% retracement Fib level.
Trading MARA is like trading DeFi in the stock Market - it is volatile!
I believe this is the bottom and I added more MARA. 🚀
Will BTC test 45.3? a critical 50% Fib retracement and 1W 20 EMA? maybe on the weekend and MARA won't feel it? Is this the bottom already in for Bitcoin? When BTC does rip, this will be a grand pump, IMO 😎
Market Manipulation is in the news. do your DD and Good Luck! 👍
Fact check!On April 12, 2021, I published an idea for my private followers followers to short MARA when it was 51.09 with target price 37 in in 1-2 weeks!
Don’t believe, check this! They made over 1000% gain by now!
$MARA I have been reading a lot on social media about $MARA that its going to go bullish from the current position but i have a different view, not my personal view but what i see on the chart. There's a buying zone around $24-$25-ish so i has a higher probability to dip down a little, grab the liquidity and fly back up.
I could be totally wrong, if i am then i would love to be educated. Always up for learning new things.
Thanks
Trade Safe.
MARA: Poseidon's Trident Practicing throwing pitchforks all over this market.
A pitchfork is made with 3 pivot points.
Pitchfork isn't kind to MARA.
Strong Downward trend.
hopefully, the trend brakes out for all my miner homies.
Sorry @ockwoodjames
MARA at long term support lineMARA has held support at this long term trend RED support line.
There will be some levels of resistance along the way up (YELLOW)
As Long as BTC is advancing MARA should be done recovering. If RED line fails - more downside pressure will continue
This RED trend support line has held for months
MARA possible support and resistance As see on the chart there are 2 levels of support the 200 MA and the trend line. A possible long position to enter is when there is a bounce off around the 34 area and a bottoming. Possible resistance around 38 and 41(200 MA) but this is a great long as long bitcoin shows signs of bullishness .
Note: This is what I think do your own DD before buying
potential buy opportunityCould be a great buy opportunity here for mara if it holds above the 50MA. opening below could indicate a retrace to prior resistance. Could take a few days for this to be confirmed.
This looks like a decent area to go longIts following this trendline to an extent more than its created volume zones and resistance levels. Sure it plays along with BTC movement some because they are a miner but as long as it continues to follow the trendline its not too horrible of an idea to go long when it gets close to it. Give yourself a couple weeks of time on your trades though, no 1 week expiration calls if you know what I mean. Because it has breached this trendline a couple of times, they were short lived but anything can happen.
Please Let this be Support for MARAGreen candles closing above a long bullish trendline. Similar action around the start of March.
Looking to sell 40p 4/23 and beyond. Maybe grab a few calls idk.
MARA CallsRoughly 45 minutes ago I bought some April 30th and May 21st $50-$55 MARA calls. First target is 44, 47, then 51. I recommend selling when you're up and manage risks properly, don't wait for my target prices if you take a position.
MARA possible routeThe 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.
MARA Daily MA 50 Tag Right on trend line, this should act as support to create some sideways actions before taking the next leg up !
CRYPTO/STOCKS - $MARA - EW ForecastModel Forecast for Marathon Digital Holdings:
- Bearish LLR.
- Bearish to PT: 37.
- With tight stop-loss, Good RRR trade possible. 7+ RRR.
- Highly volatile, yet range-bound due to leading instruments. Risk Defined.
- High IV, good candidate for net Credit.
- Likely will continue decline... To update.
GLHF
- DPT
MARA looks to be filling that gapLooks like MARA is going to fill that gap at $36. Hope to get some good upward action after that. Still long but be safe out there.
