MARA Trade Idea - Promising Bullish Reversal
MARA Trade Idea - Bullish Reversal -
After a bearish trend since back in December, we are finally
seeing some bullish curve in our daily price action accentuated
by today's profit candle break over the 50ma. Our RSI, Macd,
and Knight indicators all confirm a possible reversal heading
towards the 100ma. With good support at the 7ma, a break
over the 100ma could move price action towards the
significant resistance area of 2.56, established by our previous
candlestick action from March. Look to hold the 50ma if
entering for a swing.
After a bearish trend since back in December, we are finally
seeing some bullish curve in our daily price action accentuated
by today's profit candle break over the 50ma. Our RSI, Macd,
and Knight indicators all confirm a possible reversal heading
towards the 100ma. With good support at the 7ma, a break
over the 100ma could move price action towards the
significant resistance area of 2.56, established by our previous
candlestick action from March. Look to hold the 50ma if
entering for a swing.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.