<TradeVSA> MARA - Pullback Completed with No Supply SignalSign of Strength in the chart:
1. Mark-up stage with Pullback
2. Double NS signal at support
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This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
MARA trade ideas
MARA interesting price actionLooking at the technicals here. MARA is having a nice consolidation period with low volume and sellers drying up, with the overall market downtrend condition right now with high bond yields. MARA has very impressive price action and is one of the only which still holds its place and not in a downtrend dive. A possible entry for me with nice volume confirmation would be at the breakout of the black and red lines for an all time high play. Seeing here also a double bottom which is a nice addition for confirmation with crpyto making higher highs during this period of time. But with the overall market condition its still somehow of a neutral, unless it outperforms the market.
Mara head and shoulders Would appreciate some input. Dotted orange line is my neckline, but I don’t know what it is really. Next phase is riding the train down, and looking for a heavy red volume confirmation for the downtrend. This head is smaller than the shoulders and the neckline is tilted downwards, so it is truely a rare sight. The shapes line up, the prerequisites line up too and the decrease of volume of A to C and then E definitely confirm the warning of the pattern. I think the idea of a credit spread is a safe one, as mara’s movement is volatile and carries a healthy amount of risk
what's up with MARA and RIOT?The recent selling (this morning) of BIT is troublesome, few big wheals are selling at ATH and by the dip, again and again. therefore, logically speaking one can assume they will do it again.
In one of my older post in RIOT, I mentioned that I've observed that BIT miner stocks are losing steam when BIT hit ATH. One of my suggestion was that as the asking price for RIOT and MARA are now very expensive, people are moving to cheaper miner stocks.
Subsequently, all miners (RIOT,MARA, CNET, Sos, XNET, EBON, 9CITY, CANAN etc) have moved to "ATH", but followed by a rapid and substantial crash as we are so familiar with by now. This is was when Mara and RIOT drop to 17 (when BIT was at 42K), the most recent one was 28 for Mara.
Right now, I am waiting for BIT to get to 65k (not even 80K), as well as RIOT and MARA earnings. However, once again the same scenario could be repeating: sell high and buy low. So do expect MARA drop around the green line.
Nonetheless , as long as BIT is above 40k (and please correct me on that number), I think mining compagnies are/will make some good profits. Hence justifying their highly overvalued stock price.
I am in since 2.50 so I am ok with it. Not adding or withdrawing, just waiting; however folks out there with riskier price should beware of this... that's all I am saying.
MARA Test my Gangsta. 350+ End of year. I'm calling ItNot financial advice.
Please keep in mind that this price correlates heavily with Bitcoin price. Since it is a mining farm company for Bitcoin.
They have alot of stuff in the pipeline that tells me even 500 isn't out the question for this year.
They'll be alot of violent swings with this stock since the correlation to bitcoin is so heavily influenced.
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MARA $50 PTTaking a deeper dive into a MARA we see bullish divergence on the RSI. I like the uptrend its been fighting to hold. I also want to point out the consistency in the volume. We see more green candles than red, I do believe this will continue to move up with BTC reaching new all time highs.
$MARA - Correction Phase CompletedLooks like MARA completed its corrective phase and off to make another impulse wave (1). It tried to breakout recently forming an ascending triangle but ended up breaking down but quickly recovering breaking a key resistance at $42.22. Stimmys are out, BTC pumping ATH's, this is ready to make a next leg up. My PT is at least $45 by next week. Let me know what you think.
Mara to the MOON (again)?Mara just broke the down trend, way too early, now I think it will stay in between the blue and green line and consolidate before testing 46/50.
Many folks start yelling on social media, to the MOON, again. We know bitcoin is going to break the down trend this weekend, but I think we better be a bit conservative right now. Wouldn't it be too simple, given the fact that NASDAQ / Wall street just burned many small investors?
Of course, if BITCOIN goes to 60 and 80K, I am all for it...