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jcrosb3
Jan 19, 2021 2:15 AM

RIOT 1/18 Trade Idea and Projections Long

Riot Platforms, Inc.NASDAQ

Description

RIOT sympathy play with BTC

BTC:
Bull flag (symmetrical wedge) on Daily
Reversal price action respecting bottom trendline (2 wicks w/ small bodies)
20 SMA coming up for support
1.9T stimulus packet proposal, decreasing USD

RIOT:
Bull KL's: PLOD, PHOD, 22.50, 24.00, 25.00, 25.50
PT: 26.50, 27.70, 29.30
Long term PT: 33.30, 46.30

Price action projection: gap up, flush, strong morning momentum, 50% retracement, sideways price action. Looking for continued momentum if btc breaks flag with volume

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