MARA is approaching the end of a pendent. Break out or break down by or before 5/17.
Looks like it could be setting up for a final wave before correction.
Bullish target is kind of crazy, as it would be a nearly 400% move... but a VERY STRONG 5th wave could push the price to $8.
Some bearish indicators though. Namely the bottom red bars.
How to trade:
Set an alert or a stop limit buy to buy if the price breaks out. I would want to see the price exceed $3.40 for confirmation and a break above $4 is a strong confirmation.
I am not currently long or short, but this one is on my list for calls next week.
Looks like it could be setting up for a final wave before correction.
Bullish target is kind of crazy, as it would be a nearly 400% move... but a VERY STRONG 5th wave could push the price to $8.
Some bearish indicators though. Namely the bottom red bars.
How to trade:
Set an alert or a stop limit buy to buy if the price breaks out. I would want to see the price exceed $3.40 for confirmation and a break above $4 is a strong confirmation.
I am not currently long or short, but this one is on my list for calls next week.
Nota
Correction. Price gains not 400% if the price hits $8.But still, from sub $3 to $8 is a nice potential to have. :)
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.