MARA Short-term analysis | Trading and expectations
By:TradingView
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MARA whipped below my bottom target and caught a bid that long signal now hit take profit #1. Wave 2 appears complete with a bullish market structure confirming. Price has overcome the daily 200EMA and pivot, showing bulls in control, but is sitting inside a High Volume Node resistance, where we expect price to struggle. Continued bull run has a target of the $21 High Volume Node, followed by $31
📈 Daily RSI is oversold with bearish divergence; this will be ignored in a strong uptrend, and respected in a range
👉 Analysis is invalidated below wave (z), keeping the downside alive
Safe trading
📈 Daily RSI is oversold with bearish divergence; this will be ignored in a strong uptrend, and respected in a range
👉 Analysis is invalidated below wave (z), keeping the downside alive
Safe trading
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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