Indexes looking like they may bounce here and BTC printing a descending channel brings my attention to crypto stocks again.
MARA looks a good chance for a bounce.
Currently below the supply trendline could break through soon.
RSI showing bullish divergence.
A bounce to 0.618 is reasonably likely, maybe slightly further at a push and that would see it probe back above the 4H50MA.
So thats what i'll be aiming for - around $15, but if bearish candles turn up I may exit sooner.
This trade is only valid as long as indexes bounce here.
Not advice.
MARA looks a good chance for a bounce.
Currently below the supply trendline could break through soon.
RSI showing bullish divergence.
A bounce to 0.618 is reasonably likely, maybe slightly further at a push and that would see it probe back above the 4H50MA.
So thats what i'll be aiming for - around $15, but if bearish candles turn up I may exit sooner.
This trade is only valid as long as indexes bounce here.
Not advice.
Note
MARA opening bearish here and indexes opening with a big gap against trend so nothing doing here currently until that resolves. I am long ETH and UNI already.Note
Indexes pushing up from the gap, cryptos are pumping and MARA is across the supply line + bullish divergence.I have bought back into MARA.
Note
Indexes have had huge whipsaw and downside today and MARA is flirting with failure through 50MA so this trade is no longer for me. I'm out.
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Your FA guru can't read a chartđź’
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself đź’ˇ.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself đź’ˇ.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
Related publications
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.