over the last 5-6 months, riot has been forming a big tripple bottom pattern, both on the daily charts as well as the weekly. On the weekly it is in a massive wedge as well. If Bitcoins pushes over 50,000 dollars Riot is definitely a stock to watch
It's already pushed more than 50k , but Riot still sleep 😴 🤔!!!
Hami_Invest
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@Ahmedramzy81, Yea it seems odd, but i think the reason it isn't moving yet could be because of a big resistance between 27 and 29 dollars from back in January. I strongly believe it will rise quickly when this resistance is broken if bitcoin manages to stay above 50k.
What is also very notable is that the fixed range of volume is highest at this resistance at 27 dollars. Each time this line has been exceeded the price has moved at least 40%+ up.