RIOT The rise of 2.9% today may have completed a 4th wave correction in the leading diagonal wave A. So, a swift decline of 11% is expected to follow as the diagonal's 5th wave.
Wave Analysis >> The leading expanding diagonal in Minor degree wave A, as the first subdivision of the ongoing correction in wave (2), indicates that a relatively deep correction in wave (2) might be developed.
Trend Analysis >> The trend is correcting down in the same degree wave (2), which will take a few weeks to develop downward.
The retracement targets >> 8.76 >> 8.20 >> 7.93 >> 7.67
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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.