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carreraluu
Jun 16, 2021 12:23 AM

C&H or bullish island reversal pattern Long

Marathon Digital Holdings, Inc.NASDAQ

Description

I'm a long term MARA bull. Here's my quick overview of the chart. I have two scenarios on Mara, one is a cup&handle and other is bullish island reversal pattern; link below for island reversal.
investing.com/analysis/bullish-island-reversal-pattern-on-the-spy-375998
FYI: Remember MARA Correlates with BTC

Scenario #1 we fail the support mara fills the gap at 27 area, there I would scale into calls...
Scenario # 2 If Mara holds support with strong BTC sentiment, my PT is around 33-36-39 in the coming weeks.

Support A. 30.10
Support B. 29.15
Support C. 27.45
Support D. 26.96

Resistance A. 30.79
Resistance B. 31.50
Resistance C. 32.09
Resistance D. 32.90






Comment

Damn how manipulative are the big guys on MARA wow what a day lol

Comment

BTC dead in china, Lets see if Mara goes lower to around 24 ish range

Comment

btc below 30k can hit 22k, which can flush mara to 19 dollars
Comments
cdickersonjr
multiple touches in the28-30 zine.. this look like a simple rejection at resistance/supply zone
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