RIOT / 2hNASDAQ: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 ongoin
−0.420 USD
97.17 M USD
334.55 M USD
About Riot Platforms, Inc.
Sector
Industry
CEO
Jason Les
Website
Headquarters
Castle Rock
Founded
2000
ISIN
AR0375251839
FIGI
BBG01MDJW4P3
Riot Platforms, Inc. is a bitcoin mining company, which engages in the provision of special cryptocurrency mining computers. It invests in Verady, Coinsquare, and Tess. It operates through the Bitcoin Mining and Engineering segments. The Bitcoin Mining segment focuses on maximizing ability to successfully mine Bitcoin by growing hash rate. The Engineering segment designs and manufactures power distribution equipment and custom engineered electrical products that provides them the ability to vertically integrate many of the critical electrical components and engineering service. The company was founded on July 24, 2000 and is headquartered in Castle Rock, CO.
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RIOT / 2hNASDAQ:RIOT has retraced up by 7.46% in total, which may be considered the 4th wave of wave A, in which five overlapping waves seem to be expanding down.
Wave Analysis >> The rising leading diagonal in wave (1) ended with a diagonal as its 5th wave inside at 10.86. Its correction in the same-de
RIOT / 2hAccording to the last analysis, NASDAQ:RIOT declined by 7.6% intraday right from the 4th wave extreme-high of an ongoing wave A, which may be considered as the fourth diagonal pattern in my 2h frame.
Wave Analysis >> The leading diagonal as Minor degree wave A indicates that a relatively deep
RIOT / 2hNASDAQ:RIOT
The leading diagonal in Intermediate degree wave (1) should have been done. And its correction in the same-degree wave (2) may have begun its way down.
Trend Analysis >> The Intermediate degree trend is turning down. And it might be a relatively deep retracement that takes a few wee
RIOT / 2hThe rising leading diagonal in wave (1) may have ended with a diagonal as its 5th wave inside at 10.86. And its correction in the same-degree wave (2) may have started its way down.
Trend Analysis >> The trend has turned to correcting down. It might be a relatively deep retracement that takes a f
RIOT / 2hQuite sometimes, it's a better way to give patterns time to develop. So NASDAQ:RIOT has revealed a leading diagonal as an Intermediate degree wave (1), which remains in its very late stage! An impending correction in the same-degree wave (2) is expected to follow in the coming days.
Trend Anal
RIOT / 2hAs anticipated in the prior NASDAQ:RIOT 's analysis, the expected decline of the diagonal's 5th wave has begun its way down, with just 8% lies ahead.
Wave Analysis >> The leading expanding diagonal in Minor degree wave A, as the first subdivision of the ongoing correction in wave (2), quite wel
RIOT: 3 waves moves are not good!Since the April bottom, RIOT moved up very nicely. Even since the May bottom, things were looking decent. However, the move since June 5th bottom even though we saw some strong moves, it ended up 3 waves move. Along with a lower low today June 13th, I am forced to change into my alternate count. I d
RIOT / 2hAccording to the prior analysis, NASDAQ:RIOT continued to sell off 6.8% today and closed the week with an 11% decline in total.
Wave Analysis >> The rising leading diagonal in wave (1) ended with a diagonal as its 5th wave inside at 10.86. Its correction in the same-degree wave (2) has started
RIOT / 2hThe leading diagonal in Intermediate degree wave (1) may have remained in a very late stage, with just 2% left! An impending correction in the same-degree wave (2) would likely lie ahead.
Trend Analysis >> The Intermediate degree trend will turn downward very soon. And it might be a relatively d
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
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Neutral
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Neutral
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Neutral
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Moving Averages
Neutral
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Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
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Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
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