MARA has been taking a huge hit recently. If you have been following my trades, you likely know that we have been waiting for this pullback to the $8 range as we have some strong support zones here.
We're seeing some consolidation here in the form of a descending wedge. I can see a move upward as the RSI is also showing us some positive signs.
Looking to move towards the 200MA and we will see how the market reacts at that point.
Cheers!
We're seeing some consolidation here in the form of a descending wedge. I can see a move upward as the RSI is also showing us some positive signs.
Looking to move towards the 200MA and we will see how the market reacts at that point.
Cheers!
Note
Still in wedge formation
Trade active
Looking for this breakout to play out. Target will be $9+ Trade active
TP 1Trade closed: target reached
Letting a small portion ride in case we continue to move. Congrats if you took this trade.
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.
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.