➖ On the 17th of July, the MARA stock produced a very strong sell signal in the form of a bearish candlestick pattern. ➖ This is a Doji and also a long-term lower high (July vs February).
➖ The ensuing price action formed what we call a "rounded top," a major reversal pattern.
➖ While these are strong bearish signals, there was a still a rising trendline working as support. ➖ This trendline is shown black on the chart and has now been breached. Breach of support.
➖ With support lost, we can expect MARA to move back to its baseline level; clearly shown on the chart.
This is already an old move and fully confirmed.
➖ Depending on how the baseline is treated, we can determine if a recovery will take place or lower prices are expected. ➖ An initial bounce at baseline is ultra-high probability at baseline.
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.