RIOT — Technical UpdateAs anticipated in prior updates, RIOT completed a 50% retracement of the rising Leading Diagonal as Intermediate Wave (1), potentially marking the extreme low of Intermediate Wave (2).
Last week’s 38% initial surge — consistent with renewed strength across the broader mining sector — provides strong evidence that Intermediate Wave (3) has begun, though its developing Minor Wave 1 is reflected in the present chart view.
If this impulsive phase continues to unfold,
RIOT is poised to advance toward the 1.618 Fibonacci extension level, which lies beyond the current chart frame.#StocksToWatch #MarketAnalysis #TechnicalAnalysis #ElliottWave #WaveAnalysis #TrendAnalysis #FibLevels #FinTwit #TradingView #Investing #DataCenters #BitcoinMining #CryptoMining #AIStocks #HPC #AI #BTC #Bitcoin #BTCUSD #RIOT #BlockchainTech #CryptoStocks #MiningStocks #Altcoins #StockAnalysis #QModel #Bullish #CryptoTrading #Investing #StockMarket
BTC #BitcoinStocks #HalvingCycle #Hashrate #MiningSector
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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.