Your not ready for MARAs next move! 118% Upside🚀 Hold on tight! MARA's Next Move is Coming! 🚀
Get ready for an explosive 118% upside! MARA is showing off a stunning Cup and Handle pattern that's about to break out any moment! And guess what? We've already broken out of a pristine Bull Flag!
Here's the breakdown:
- H5 Indicator: GREEN and ready for action!
- Volume Shelf Launch: With Free Roam Space above.
- WR%: Sitting comfortably in the Consolidation Box.
🚩 Bull Flag MM: $50
Cup and Handle MM: $65
This is Not Financial Advice (NFA), but don't say I didn't warn you—buckle up! 🚀
Maralong
Anticipating the Upswing: $MARA at Macro SupportNo trend is active on NASDAQ:MARA yet, but I’m anticipating that in the next two weeks.
There’s no need to overcomplicate things. I like the chart sitting at a macro support level. It took out the previous lows and is currently retesting the wick on the monthly timeframe.
This could have enough momentum to push higher if November shows a monthly confirmation, but I’d be happy with just a weekly confirmation for October.
MARA Holdings Surges: All Profit Targets Hit in 15min Long TradeTechnical Analysis: Mara Holdings – 15-Minute Timeframe (Long Trade)
Mara Holdings displayed a strong bullish move, hitting all profit targets following a long entry at 15.77. The trade has now concluded successfully, with all targets achieved.
Key Levels
Entry: 15.77 – Long position initiated after identifying bullish momentum.
Stop-Loss (SL): 15.41 – Positioned to manage risk in case of a reversal.
Take Profit 1 (TP1): 16.20 – Initial target achieved early in the trade, confirming the upward trend.
Take Profit 2 (TP2): 16.91 – Continued buying pressure led to this level being reached.
Take Profit 3 (TP3): 17.62 – Bullish momentum carried the price to this level.
Take Profit 4 (TP4): 18.05 – Final target successfully hit, completing the trade.
Trend Analysis
The price remained above the Risological Dotted trendline, confirming a sustained uptrend throughout the trade. Mara Holdings showed strong buying interest, driving the price through all profit targets.
The long trade on Mara Holdings was highly successful, hitting all targets, with the final target of 18.05 marking a profitable conclusion. This showcases the precision of identifying and capitalizing on upward trends.
MARA Bullish Outlook: Elliott WavesTechnical Analysis of MARA Based on Elliott Waves.
The following analysis is based on the provided chart and is for educational purposes only. It does not constitute financial advice. Investing in stocks involves risk, and past performance does not guarantee future results. Always conduct thorough research and consult with a financial advisor before making any investment decisions.
Key Observations from the Chart
- Elliott Wave Theory: The chart appears to be using Elliott Wave Theory to identify potential future trends. Elliott Wave Theory suggests that markets move in predictable patterns, often referred to as "waves."
- Uptrend: The overall trend of the chart seems to be bullish, indicating a potential uptrend.
- Invalidation Level: A horizontal line is drawn at the bottom, labeled "Invalidation Level." This level could serve as a support level, and if the price breaks below it, the bullish outlook might be invalidated.
- Pattern Recognition: The chart seems to be suggesting a potential "5-wave impulse" pattern, which is often associated with an uptrend.
- Price Action: The price has recently shown a pullback, which could be a healthy correction within the larger uptrend.
Potential Outlook
Based on these observations, the chart suggests a bullish outlook for MARA. If the price can hold above the "Invalidation Level" and continue to follow the Elliott Wave pattern, there is a potential for further upward movement.
However, it's important to note that technical analysis is not foolproof.
Market conditions can change rapidly, and unexpected events can affect the price. Always stay informed about the company's fundamentals, industry trends, and broader market conditions.
Next Steps
1. Monitor Price Action: Keep an eye on the price in relation to the "Invalidation Level" and the Elliott Wave pattern.
2. Consider Other Indicators: Combine technical analysis with fundamental analysis to get a more complete picture of the company.
3. Risk Management: Implement risk management strategies, such as stop-loss orders, to protect your investments.
I am not Sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.