Marathon Digital Holdings screaming with many bullish signals
All indicators I'm using are screaming at me right now, telling me this chart is bullish.
Before we start, it seems the chart is currently consolidating at a major area of support. Bullish.
First, lets start off with the RSI divergence. It is marked with white trend lines. You can see that the RSI shows greater and greater strength while the chart is consolidating.
Second, the aroon-based strategy indicators are telling me that there is likely going to be a 6 indicator symmetrical pattern. Starts with a higher sell indicator, has a short channel in the middle, then it should be followed by a buy indicator at a lower position, near where the empty circled area is. I've seen this pattern often, and it usually is followed by a reversal up to resistance. It also can be bearish, where it is flipped and ends with a sell indicator (higher than the rest of the pattern). I'll be making a video on how I interpret charts this weekend.
This is NOT financial advice. I am 14 years old, while I trade with my parent's assistance, I am not an official source or advice, and shouldn't be treated as such.
Do your OWN research and DD.
Before we start, it seems the chart is currently consolidating at a major area of support. Bullish.
First, lets start off with the RSI divergence. It is marked with white trend lines. You can see that the RSI shows greater and greater strength while the chart is consolidating.
Second, the aroon-based strategy indicators are telling me that there is likely going to be a 6 indicator symmetrical pattern. Starts with a higher sell indicator, has a short channel in the middle, then it should be followed by a buy indicator at a lower position, near where the empty circled area is. I've seen this pattern often, and it usually is followed by a reversal up to resistance. It also can be bearish, where it is flipped and ends with a sell indicator (higher than the rest of the pattern). I'll be making a video on how I interpret charts this weekend.
This is NOT financial advice. I am 14 years old, while I trade with my parent's assistance, I am not an official source or advice, and shouldn't be treated as such.
Do your OWN research and DD.