The current downtrend is mimicking the inverse of the previous uptrend pattern. Based on that, and the 60 degree drop that followed, I predict MARA trends upwards along a 60 degree angle after closing the gap it is chasing, like today or tomorrow (4/15-16). Afterwards, a move to $48 is imminent technically, although I believe MARA belongs at $60 right now and will be pushed close to those levels through buying pressure. Notice the current downtrend also acts as a channel, same as the previous uptrend.
I still have my May calls from earlier and have no intentions of selling them for a loss. They are $55 calls. I believe MARA is at $70 by May 21.
I still have my May calls from earlier and have no intentions of selling them for a loss. They are $55 calls. I believe MARA is at $70 by May 21.
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