$MARA possible Megaphone bounce

6 May 2021

Looking at recent price action from MARA, and given that its been in a downtrend ever since BTCUSD has yet to find its leg up, I think this could be a good indicator of a bounce in both possibly. I would look for a small entry here since it bottomed out and found its way back right on the line before closing today. But not financial advise, just my thoughts looking at it. If this indeed a true bounce, we potentially have a long leg back up from here.

6 May 2021

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Also, possible earnings tomorrow, let's see if that gives it any boost as well.

13 May 2021

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Still waiting for further downward movement towards $14 area, see my updated chart, no bounce in channel due to BTC downward movement.