$MARA - RC -
Added 2023-07-23 03:03:10 +0000 UTCLike a lot of our Crypto related stocks, it has been on a very positive run over the last few weeks and letting off some steam here now....we can see that Wave 5 extended here all the way to the 2.72 Fib, usually it tops out at the 2 Fib, so the aggressive pull back makes sense as the adverse effect of that extension....remember, charts seek balance.
So an ABC corrective wave is due and so far it looks like $MARA is in Wave A right now.
Still looking healthy and structured and above the 50 and 200 Day MA's.
Comments
Is this structure more unique ? Because W4 cross into W1, and W5 is longer than W3 ?
Steven D
2023-07-23 14:45:49 +0000 UTC
