Friday 4/9/21 MARA update

End of week can lead to profit taking and close out weekly profits. This typically starts around mid day trading.

MACD on higher timeframes are looking bullish ready to move up.

Support is back on the BLACK line with resistance at around $58 if Bitcoin surges while trading.

IMO Monday and next week is looking very Bullish for MARA and Bitcoin - all focusing on COIN IPO launch date of 4/14

Upper BLUE trend line still short term target.

Good Luck - All depends on Bitcoin price. When Bitcoin ranges... MARA is good at doing it's own random patterns.

Kommentera:

Above the BLACK trend line is right at a very strong psychological support for MARA. It is the $5B Market Cap (around $50/share)

IMO: it will take a lot of downward pressure to lose that support. If we stay above it today, we may not test below that market cap again.

Kommentera:

If we do lose that support line today... Head and Shoulders could smack MARA down.

Kommentera:

MARA found some support at 1H 100 EMA