Stock Of The Day: Marathon Digital's Downtrend May Be Over As Bullish Reversal Pattern Forms
Portfolio Pulse from Mark Putrino
Marathon Digital Holdings, Inc. (NASDAQ:MARA) may have ended its downtrend as it breaks the downtrend line and forms a 'Rounded Bottom' pattern, indicating potential bullish implications.
August 20, 2024 | 6:11 pm
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Marathon Digital Holdings, Inc. has potentially ended its downtrend by breaking the downtrend line and forming a 'Rounded Bottom' pattern, suggesting a possible new uptrend.
The breaking of the downtrend line and the formation of a 'Rounded Bottom' pattern are technical indicators that suggest a shift from bearish to bullish sentiment. This combination often precedes a new uptrend, making it significant for short-term price movements.
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