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RIOT PLATFORMS INC (USD)RR

RIOT PLATFORMS INC (USD)

3.480USDD
+0.115+3.42%
At close at Jun 10, 19:53 GMT
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RIOTD trade ideas

RIOT BLOCKCHAIN - LongRiot Blockchain, a cryptocurrency mining company, has expanded its fleet and mining capacity with a new purchase order for 42,000 S19j Antminers from Bitmain. The purchase order, valued at $138.5 million, is part of a coordinated growth plan to significantly increase Riot’s Bitcoin (BTC) mining hash rate. As a result of the current and previous orders, Riot said it is scheduled to receive a minimum of 3,500 S19j Antminers per month beginning in November and running through October 2022. As Cointelegraph previously reported, Riot expects to achieve a hash rate capacity of 3.8 exahash per second by the end of 2021. Once deployed, the new order of 42,000 Antminers will more than double the capacity to 7.7 EH/s. Once fully operational, Riot’s mining fleet will consist of 81,150 Antminers, of which 95% are the latest generation S19 miners. Shares of Riot Blockchain were down sharply Wednesday, reflecting the overall downtrend in the cryptocurrency market. The stock is down 7% at the time of publication and has corrected 36% from last month’s all-time high. Astonishingly, Riot’s 52-week low is $0.93. It peaked at $79.50 in mid-March and currently trades just above $50 a share.
NLong
by IvoSqueeze
RIOT Rounding UpRIOT has formed a rounding pattern, the top of the rounding formation will meet resistance at the $65 level. It has also posted a higher low and is showing signs of a correction wave pattern, which could take price to $73 range as a secondary target. Best case scenario is to take profits at $65 and look for a re-entry after a pullback off of the 65 resistance, then ride the next wave higher to 73. A break below the rounding pattern would trigger an exit, which currently would be the 52-53 range as a stop.
NLong
by BBTrader29
RiotSo even with this extreme bullish sentiment that riot is in I want to put out there thst 54$ is either massive support or an area of Support that has been hard for riot to hold. I want to see this hold as support which so far it is doing and we got a great bounce from. We are hitting strong resistance above so I wouldn’t doubt if we bounce between 56.30 and 54$ for a little while until bitcoin breaks 60k. 55.11 is the 200 ema on the hourly but we may go sideways annflag out to reset some oscillators. It’s possible for us to run of course with earnings but the biggest gains I’m expecting is next week if Btc breaks out next week 55.78 was my first target which was hit. 56.30 is upper trend line and above that is 62.05 as upper resiatnce which will be difficult to get through
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by Erictaylor
Bullish Continuation > $BTC $RIOTEarnings on the horizon, there's a lack of confidence here.. Don't forget the meteoric rise during Q4 of 2020 (165% Gain Alone). We can see we are still in an uptrend. We can see rejection off 20 Day EMA. We can see neutral RSI, and potentially bullish Stochastic RSI. Bitcoin is also doing well this week, and will have a strong April, as we are entering a new quarter and the end of quarter rebalancing for funds will ease. The only risk on the charts is a potential Inverted Adam & Eve formation (double top), although, I'm not certain it's valid given the 22% difference from the initial peak.
NLong
by TheTraderAndy
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