RIOT is retracing sharply in Wave iv(circled) within the advance of Minor Wave 5, which has been unfolding as an Ending Expanding Diagonal since early August. 📈 🎬 A surge above 15.34 would likely mark Intermediate Wave (1).
Upon completion of Minor Wave 5, the Leading Diagonal as Wave (1) will be confirmed as a potentially bullish initiating structure within the broader Primary Uptrend — 🎬 setting the stage for a corrective retracement 📉 in Intermediate Wave (2).
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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.