MARA Holdings, Inc (MARA) Elliott Wave Analysis (Daily Chart)
MARA Technical Analysis Overview – Trading Lounge
MARA Holdings, Inc (MARA) Elliott Wave Technical Analysis
Function: Trend
Mode: Corrective
Structure: Corrective
Position: Wave (a) of ©
Direction: Upside in Wave (a)
Details: Anticipating upward movement to $20, followed by $23 – signalling potential completion of Wave (a)
MARA Daily Chart Analysis
MARA Holdings, Inc (NASDAQ: MARA) appears to be in the final leg of Wave (a) within a broader Elliott Wave corrective pattern labeled ©. Current technical indicators suggest bullish momentum aiming for the $20 resistance level, with further extension to $23. This development would indicate the completion of the first phase of the correction. Once Wave (a) is finalized, traders should prepare for Wave (b), which may present short-term trading opportunities in the ongoing correction.
MARA Holdings, Inc (MARA) – Elliott Wave Analysis (Weekly Chart)
MARA Stock Technical Analysis Overview – Trading Lounge
Function: Counter Trend
Mode: Corrective
Structure: Corrective
Position: Wave (C) of Ⓑ
Direction: Upside into Wave (C)
Details: Wave (C) approaching key resistance along upper boundary of parallel channel
Weekly Chart Analysis
On the weekly timeframe, MARA Holdings, Inc (MARA) is advancing within a corrective phase identified as Wave (C) of Wave Ⓑ. The price action is nearing the upper resistance line of a defined parallel channel, indicating that Wave (C) is approaching maturity. While the broader movement remains bullish, this resistance zone could act as a turning point or consolidation area. Traders should watch for reactions around this level to evaluate short-term volatility and identify trading setups.
Technical Analyst: Dhiren Pahuja
Visit: TradingLounge.com for detailed analysis and market updates.
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