RIOTD trade ideas
RIOT - Send it! 🚀RIOT has finally broke out of downward resistance YELLOW line.
Watch for initial target along BLUE trend line, around $80-$85.
Keep your eye on RSI, may reach levels above 75.
$RIOT Tethered to BTC as Trend Consolidates on Strong GrowthRIOT just announced 80% jump in mining productivity y/y in March, and with BTC pricing up over 500% in same period. Stock in lateral consolidation. But annualizing p/s still above 25x. Tethered to BTC price trends. As long as BTC in rising trend, RIOT can run.
Symmetrical TriangleSymmetrical triangles are consolidation patterns and can also serve as a continuation pattern.
Triangles can break up or down.
No recommendation
A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope. Expectations are that price will turn one way or the other, eventually. It is simmilar to a bollinger band squeeze and will price go one way or the other.
$RIOT PT 100 and higherRiot Blockchain, Inc., together with its subsidiaries, focuses on cryptocurrency mining operation in North America. The company primarily focuses on bitcoin mining. As of December 31, 2020, it operated a fleet of 7,043 miners. The company was formerly known as Bioptix, Inc. and changed its name to Riot Blockchain, Inc. in October 2017. Riot Blockchain, Inc. was incorporated in 2000 and is based in Castle Rock, Colorado.
Bullish on RIOT(This is not financial advice)
Hey everyone, thought I would make a crypto play considering how well crypto has been doing these past few days and these stocks usually follow the same movements especially on Monday week opens. I am looking for a entry at 45-50 ad I have set up price targets to take profits at on the way up.
The reasons I am bullish on RIOT starts with the momentum and big push of crypto over the past few days. We did see a few big gains on this stock throughout the week but we were lucky to see a nice pull back going into the weekend which allows for a bit of a lower entry. The MACD is showing a buy signal and last time it showed a signal like this we saw more then a 20% gain. We are seeing the EMA's and VWAP start to push under showing a bullish signal and we have a strong support at 47 which anywhere around there is a safe and good entry. We seem to be following these fib levels pretty nicely as well so I would use that to look for places to sell off or add to your position. The final thing I was looking at is the pattern we are in right now is very similar to the one we saw last push up this leads me to think that we will do the same thing again. We are also in a uptrend within this pitchfork in the lowest level which shows great room for growth.
Thanks for checking out my idea if you agree or disagree be sure to comment and if you like my ideas be sure to like and follow.
Thank you!
- Vlaire
This will doubleIf BTC would be touching $70K in the short term, A breakout above $58 for RIOT will take it to above $100 in no time.
RIOTRiot Blockchain Inc (NASDAQ:RIOT) Love this triangle formation on 4h chart. Needs to break out either side to see significant moves.
Riot Retest Resistance Level 51.79 - Break out Forecast:
1. 50.00 First try out (retest level) once reclaim takes place
2. 51.79 3rd try out resistance level -- & cross the EMA 20/50
3. Cross pass EMA20/50 on 1 hour chart
possible Break out! New
RIOT daily pennantBTC gonna melt up to 70k only a matter of time and these heavily shorted crypto miners will go with it beyond their fundamental value, as we saw in February.
Crystal ball prediction, not financial advice.
RIOT BREAKOUTHopefully, the price of bitcoin will rise as breaking new ATH, so it would be really supportive for RIOT to confirm that breakout and go to the space!
RIOT IDEAWE WILL SEE WEDGE HERE AND I THINK $RIOT WILL RUN TO 90$ AT THE END OF MAY WITH BTC AT 75K. JUST MY OPINION
RIOT Short Term Buy, Long Term SellRIOT has been slowly loosing range. It will probably go up in the short term. Being long is risky, as the price sits in the middle of a wedge, and can definitely drop lower.
Just like someone else here said about the Bitcoin, trading this is not worthwhile, until it breaks out of either trend line.
EW for RIOTCurrently looks like $RIOT is in wave iv up of WAVE 2 down now, then a short wave v down, before WAVE 3 UP = Lift Off!
Long on RIOT based on the triangle. Like if you agree.Its a simetrical triangle but i'm long on RIOT.
The target is based on the pole. It's the right time for going long on riot (not investment advice).
Like if you agree or comment your thoughts or both.
-M
Critique my RIOT Elliott wave patternHey community, I've been aware of the Elliott wave theory for a while but I rarely rely on my interpretation of them as I'm not confident with my understanding of the practical yet.
I was hoping a few of you Established Elliott Wave users in the community could critique and evaluate my graph.
I think I've applied the theory correctly, if I haven't please point it out so I can learn the correct way.
Cheers.
Wait for breakoutRIOT is encountering RESISTNACE against the YELLOW line.
Watch and wait for Break out before entry and a run up attempt on the BLUE Trend line.
If Red Lower support Trend Line is broken, greater downside could come with Head and Shoulder formation.
