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CheelooTrader

MARA - Coiling for a bigger move

Long
Marathon Digital Holdings, Inc. (BATS:MARA)  
CheelooTrader Updated   
BATS:MARA   Marathon Digital Holdings, Inc.
Harmonic Patterns Trend Analysis Chart Patterns
16
3
harmonicpatterns trendanalysis chartpattern

  • Reclaimed 200 EMA and backtest yesterday
  • Flag on the daily with improvement in the volume could push this to 14.
  • Real test would be around 18 for supply of previous high, break above to test trendline resistance at 30.
  • Patience will be tested until breaks out of the turbulent zone until 18.
  • small positional long from 9.30
Trade active:
Showed weakness first time in many days. Had worked almost perfectly. Now needs to cool down and form another flag. Sold partial today. holding 1/3 position now.
Trade active:
Extended now. Watch for the overhead resistance around 32 now. I get a feeling of When crypto pulls back, money might move into other beaten down stocks that are setting up nicely. This is not done by any means.
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