MARA Holdings Inc. (MARA) Elliott Wave technical analysis [Video]
|MARA Holdings, Inc (MARA) – Elliott Wave analysis – Daily chart
Function: Trend.
Mode: Corrective.
Structure: Corrective.
Position: Wave (a) of ©.
Direction: Upside in Wave (a).
Details: Expecting movement toward $20, then $23, signaling the final stage of Wave (a).
On the daily chart, MARA Holdings, Inc (MARA) is in the final phase of Wave (a) within the larger corrective structure ©. The price is approaching the $20 mark and is projected to move toward $23, suggesting the current segment of the correction is nearly complete. After Wave (a) concludes, Wave (b) is expected to follow, potentially offering a setup for short-term gains within the broader corrective cycle.
MARA Holdings, Inc (MARA) – Elliott Wave analysis –Weekly chart
Function: Counter Trend.
Mode: Corrective.
Structure: Corrective.
Position: Wave (C) of Ⓑ.
Direction: Upside into Wave (C).
Details: Wave (C) nearing maturity at upper parallel channel resistance.
In the weekly timeframe, MARA Holdings, Inc (MARA) shows a corrective trend moving into Wave (C) of Wave Ⓑ. The stock is testing the upper boundary of a parallel channel, indicating a possible short-term peak. Although the overall trend is upward, this resistance level might prompt a pause or consolidation phase before the next wave emerges. Traders should monitor price reactions at these levels to assess short-term risk and opportunities.
MARA Holdings Inc. (MARA) Elliott Wave technical analysis [Video]
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