RIOT has achieved the cluster of anticipated Fib targets on its differing time frames.But the market selloff in last hour today, and exceeding the targets would suggest to analyzing the wave structure of the current decline in hourly frame as well.
So as depicted on the chart below, with respect to the wave structure in a barrier triangle as the correction in wave (b) properly reveals a five-wave impulse on the following decline as wave (c) which now its 5th wave in a final decline would likely remain in the late stage.
The final Fib target >> 8.08
#CryptoStocks #RIOT #BTCMining #Bitcoin #BTC
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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.