MARA is in between support and resistance.
If Bitcoin gains momentum we could see resistance at the black ATH line around $50.
If Bitcoin cools off more we could encounter support with MARA against the 20 EMA 1D and the ATH descending trend line. Careful to watch the MACD - another down day today could start the end of week sell off.
Short Term target is the blue trend line and new ATH. IMO If your long, no problem. Just wait and be patient until we reach target and see what the TA is signaling.
Good Luck
If Bitcoin gains momentum we could see resistance at the black ATH line around $50.
If Bitcoin cools off more we could encounter support with MARA against the 20 EMA 1D and the ATH descending trend line. Careful to watch the MACD - another down day today could start the end of week sell off.
Short Term target is the blue trend line and new ATH. IMO If your long, no problem. Just wait and be patient until we reach target and see what the TA is signaling.
Good Luck
Comment:
The RSI 1D greatly benefited from this healthy pullback. This should provide more support and power for MARA level up 😎
