Mara finally broke to the upside after a 2month consolidation. It is looking to continue to head to the $15-16 range in the following weeks.
NASDAQ:MARA is in a steady uptrend and the price is sitting above the 200 and 50 moving averages. With the ~300% spike in Bitcoin transaction fees due to the BRC20 tokens many of the miners should do really well in May and possibly the next few months. Looking for the price to hit $15 and then head to $20 range where the next area of resistance is.
A pull back to $0.5 - 0.45 is a great setup buy. Looking for this miner to hit HKEX:1 again.
As BTC is pointing toward a pullback to the 21-20k area we can reasonably assume bitcoin mining stocks will also correct. NASDAQ:BITF is looking to go to the $.75-.60 support area before gearing up to go higher to $2, the next area of resistance. On the fundamental side the company is one of the stronger miners with one of the highest Bitcoin mined per 1...
With earnings coming up later this month and if Bitcoin rebounds we could see Core Scientific OTC:CORZQ break 0.5$ and close the gap to $1.
OTC:HSSHF popped today to ~2.10. I am expecting a short correction to 1.9 - 1.65 price range and then more upside. Bitcoin mining stock so it is strongly correlated with BTC movements.
If NASDAQ:SNDL continues trading sideways it will hit the supporting trend-line around next week which will coincide US presidential changeover. Good probability it will bounce off this trend-line and head to the $1 price range and perhaps higher. With cannabis friendly reform on the plate many cannabis companies stocks should do well this year.
Seems like AMEX:UVXY is about to head to the $23-24 area and perhaps higher. With the 1st debate tomorrow and the election coming up there could plenty of volatility in the markets the next few weeks. **Not advice, for entertainment purposes only :)