RIOT 📊Technical UpdateRiot Platforms Inc.📈 exceeded the projected target of 18.80 with an intraday high in the last session, completing the extension of Minute Wave v (circled) of Minor Wave 5, within the Leading Diagonal structure of Intermediate Wave (1).
The stock has gained nearly 60% since early September.
Today’s trend reversal may signal the completion of the entire advance in Wave (1) and potentially set the stage for a corrective phase📉 toward Fibonacci retracement levels.
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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.