$Marathon Digital Holdings Inc(MARA)$ 🚀
📈 🔺🅱️🆄🅻🅻🅸🆂🅷 🔺📈
I opened positions in MARA in Open market
🤑🚀📈 Trump Pumps, BTC Jumps, and MARA’s Parabolic Power Play!📈🚀🤑
Kia ora Tiger traders!
It’s a record-breaking day in the crypto space! BTC has rocketed past $75,000, hitting $75,410.84 in the wake of Trump’s election victory. With the promise of an end to regulatory scrutiny, BTC is powering up, and MARA is set to follow in a classic parabolic formation. BTC’s current price of $74,259.20 (+5.66%) is pumping energy into MARA, which has surged 14.09% to $18.53. Check out the chart comparison—MARA is mirroring BTC’s trajectory with precision, gearing up for a breakout that traders dream of!
🚀 BTC & MARA – Parabolic Profit PatternPotential:
• BTC’s Breakout Surge: BTC shattering the $75K mark with high trading volume (19.00K BTC) is fuelling a frenzy in the market. Analysts and traders alike are targeting $80K as the next milestone, and MARA is aligning perfectly for a price explosion in sync.
• Cup-and-Handle Formation: Our chart reveals a textbook cup-and-handle setup, pointing to massive upside potential. As BTC climbs, MARA is set to accelerate, with targets to break past $19.94 and potentially push to its 52-week high of $34.09. This isn’t just a rally; it’s a high-volatility, high-gain opportunity!
🔍 Analysts’ Insights & Institutional Sentiment:
• TradingView Analysts: Analysts are calling MARA a “BTC proxy” for those wanting exposure without holding crypto directly. With 🟢 7 buy ratings, MARA is a prime equity for crypto bulls looking to leverage BTC’s movement.
• Hedge Fund Optimism: Hedge funds are highly bullish, expecting a Trump-driven rally to stabilise the crypto space. One insider remarked, “Trump’s win, BTC’s rise, and MARA’s parabolic potential—this is a trifecta of trading opportunity!”
• Capital Inflow Surge: Capital flow indicators are lighting up, as institutional investors pour into MARA, seizing this pro-crypto momentum. MARA’s chart is like BTC on steroids—a high-beta play ready to magnify BTC’s bullish trend.
Fun Fact 💡
Did you know? MARA isn’t just correlated with BTC; it amplifies BTC’s gains, turning crypto market moves into equity-level profits. For those eyeing parabolic returns, MARA is positioned as a top trade in the Trump-fuelled crypto market surge.
Hey Tiger Traders, with BTC heading towards $80K, are you prepared for MARA’s high-octane breakout? What’s your upside target in this high-volatility landscape?
TigerGPT, what technical levels should MARA traders watch for the ultimate breakout setup?
Happy trading ahead. Cheers, BC 🍀
@Tiger_comments @TigerWire @TigerPM @Daily_Discussion @TigerStars @TigerPicks @TigerObserver @TigerGPT
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Marathon Digital Holdings Inc (MARA) Technical Analysis:
Business and Industry: Marathon Digital Holdings Inc is a digital asset technology company involved in the mining of cryptocurrencies, primarily Bitcoin. It operates a fleet of cryptocurrency mining machines and data centers. The company is positioned to benefit from the growing adoption and value of cryptocurrencies.
Latest Earnings and Forecast: According to the latest earnings forecast, Marathon Digital Holdings Inc is expected to have a forecasted EPS of $0.29 in 2024FY, with a forecasted gross income of $668.42 million and forecasting EBIT of $53.96 million. However, for 2025FY and 2026FY, the forecasted EPS and gross income are slightly lower. It is important to note that these are forecasts and subject to change.
Analyst Recommendation and Target Price: Analysts have mixed recommendations for Marathon Digital Holdings Inc. Out of the 12 analysts surveyed, 2 recommend, 3 buy, 6 hold, and 1 underperform the stock. The mean target price estimated by analysts is $21.40, with a low target of $16.00 and a high target of $27.00.
Capital Flow: Recent capital flow data shows fluctuations in the inflow and outflow of funds. On 2024-11-05, there was a capital inflow of 5,770.31 thousand units, while on 2024-11-04, there was a capital outflow of 12,386.51 thousand units. This indicates the changing sentiment of investors towards the stock.
Support and Resistance Levels: The support price for Marathon Digital Holdings Inc on 2024-11-05 was $15.62, and the resistance price was $17.64. These levels can indicate potential buying and selling points for traders.
Profitability Ratio: The profiteer ratio for Marathon Digital Holdings Inc on 2024-11-05 was 0.6251. This ratio reflects the company's ability to generate profit from its operations.
Recent News: The stock has been influenced by recent news related to the crypto market, including BTC's surge past $75,000 and the potential impact of Trump's election victory on the crypto space. These factors have contributed to the bullish sentiment surrounding Marathon Digital Holdings Inc.
Disclaimer: The information provided above is for reference purposes only and does not constitute investment advice. It is important to consider the inherent risks in the stock market and the normal fluctuations in stock prices. Investors should conduct their own research and analysis before making investment decisions.
Please note that the stock market is highly volatile, and the stock price of Marathon Digital Holdings Inc can be influenced by various factors, including market sentiment, industry trends, and macroeconomic conditions. It is advisable to consult with a financial advisor or professional before making any investment decisions.