An Impending Trend Change In Various Degrees!
RIOT ended the week with finding its new extreme low below 7.95 >> 7.92 that's surrounding the Fib 1.272 expansion level on the channel, as anticipated on the prior RIOT's analysis.
So the various degrees declines of the waves v, (c), ((y)) and 2 should have likely concluded. And so, today's intraday low at 7.92 might be respected as a significant extreme & reversal point.
And as illustrated on this hourly frame, the double bottom on the converging Fib 1.272 expansion levels would likely state an impending trend reversal as well.
#CryptoStocks #RIOT #BTCMining #Bitcoin #BTC
RIOT ended the week with finding its new extreme low below 7.95 >> 7.92 that's surrounding the Fib 1.272 expansion level on the channel, as anticipated on the prior RIOT's analysis.So the various degrees declines of the waves v, (c), ((y)) and 2 should have likely concluded. And so, today's intraday low at 7.92 might be respected as a significant extreme & reversal point.
And as illustrated on this hourly frame, the double bottom on the converging Fib 1.272 expansion levels would likely state an impending trend reversal as well.
#CryptoStocks #RIOT #BTCMining #Bitcoin #BTC
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.