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]

Author

Peter Mathers

TradingLounge

Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company.

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MARA Holdings, Inc (MARA) – Elliott Wave analysis – Daily chart

MARA Holdings, Inc (MARA) – Elliott Wave analysis –Weekly chart

MARA Holdings Inc. (MARA) Elliott Wave technical analysis [Video]

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