NASDAQ:MARA Hourly chart cup and handle base breakout with a neckline retest. I could see it launch to $26 near term.🚀
Don't marry this stock just trade the pop.
NASDAQ:MARA has flipped resistance into support with a significant volume surge in the breakout, suggesting the potential for a successful bullish trend continuation towards the next level of possible resistance around $50.
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Marathon Digital Holdings Inc. (NASDAQ: NASDAQ:MARA ) stands out as a key player in the Bitcoin mining sector. With recent developments in the company's expansion efforts and the volatile nature of the crypto market, investors are left wondering whether MARA stock is a lucrative opportunity or a risky bet.
Expanding Bitcoin Mining Infrastructure:
Marathon...
After decreasing volume a flag was created, where price tend to stop in the EMA, and today we get a breakout with volume rising.
This candle is also breaking the resistance that was created before by the pattern, after being crossed.
After the flag breakout the RSI rise above 50.
We can see the Fibo, and the buyers are pushing the 38,2%, with a possible upward trend.
BTC Seasonality says bullish in February.
Added Mara small from 15s .. 16s. and increased my position on today's move.
MARA might have bigger targets but my trade is a small swing trade for Feb month alone.
Stop Loss - 15
Target #1 - 25
Target #2 - 30
Thesis: NASDAQ:MARA (Marathon Digital Holdings Inc) largest mining company in North America holds 16,930 BTC worth $1,173,404,248 before halving ( nearly 0.081% of total supply 21M). Potential impact of post-halving BTC price can raise their profits significantly.
Feel free to share your insights on this stock in the comments section below. Your input is...
Timeframe matters... CLSK outperforms MARA so far this year, but is that based on fundamentals or pumponomics... i.e. influencers pumping to retail?
I mean why is CLSK CEO dumping millions worth of stock on the pumps... BEFORE the halving?
Timeframe matters... CLSK outperforms MARA so far this year, but is that based on fundamentals or pumponomics... i.e. influencers pumping to retail?
I mean why is CLSK CEO dumping millions worth of stock on the pumps... BEFORE the halving?
Interesting concept @ MARA and miners. How stocks move conceptually, dont need to take it at face value. When public gets in and it's euphoric is a bubble indicator. Perception of stock to fly etc. And then return to earth.
