$RIOTPO3 potential here. Invalidation and expansion marked. Couple this with my $BTC bullishness, and I think we could see $40 in the coming weeks/months.
RIOTD trade ideas
nice channel nice patterni just saw this. depending of tomorrows candle it is worth giving it a shot. 50% gain in 4 weeks. even it broke the MA 200 it still could be very bullish the next weeks. the fundamentals for this stock are exellent, idk why this shouldnt go back to 35.
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no financial advice, just for the lol
strategy for RIOT friday 09/17/2021strategy: today presents inside bar. If the opening is bullish, we would have a gap and go, we must wait for a good buy signal as follows, crossing both mv 200 5mn and 15mn, double top 30.40 plus the buy price 30.60. if we do well, we will take profits in the 31.80 area.
Our bearish entry: the action closed today near the minimum, this means intention of bearish continuity, if so, we will have a bearish gap and go. The opening must be with the break of the double bottom sell price 28.60. remember you must wait for the retest in 9mv or 10mv period
RiotAs Btc is breaking the first key resiatnce of 48k. As long as it holds it as support, riot on the other hand has broken down from a potential bullish pattern we were tracking…. However. The support we have landed on has perfect confluence as a potential 3rd touch of uptrend support. This would show us 3 touches below on this uptrending support. Let’s gooo!
$RIOT Weekly Wyckoff Phase E IncomingRiot looks ready to enter Phase E of the wyckoff accumulation pattern on the weekly. Watching for a break over $39 and a move up to $48 in the next few weeks.
Strong rejection at $39 but holding the EMA cloud nicely.
With BTC above $52K my bias is to the upside this week.
Riot Seems to be making a double bottom here. Getting a bounce off 36$. Needs to break above 39.40 for a big move. Could be a bull flag inside this clear ascending wedge. Might be worth it to nibble here with a stop below 35.50. Just keep in mine 39.40 is huge resiatnce
Lower ascending triangle support is 33.75
Riot This could
Be attempting to breakout here. Needs to hold support above 38.28. Very volatile, but a big move could be on the horizon… keep a close eye on RIOt as we breach the resistance of 38$ again, potentially holding support above and back testing for the first time. If we do lose support for this 38$ region, it could be another fakeout so tread cautiously however it is looking like a strong set up
Resiatnce above is marked. Target is 51$ however we Wil run until a few key areas if we do get this breakout along the way
RIOT. blockchain stock. looks ready to run.RIOT just has to clear a little bit higher then it will likely be a runaway train.
Take a look at MARA. You can see it has a really similar price story, and it is tilted slightly more upward. MARA was the definite winner between the two stocks at this stage, however, it looks like both have support from the bull community.
