RIOT has been consolidating since last week, holding slightly above the boundary of the potential leading diagonal. This price behaviour suggests that Minor Wave 5—the final leg of the diagonal structure and likely the concluding advance of Intermediate Wave (1)—remains in progress and appears to be approximately 50% structurally complete. The ongoing support along the diagonal boundary line reinforces the likelihood of continued upside, strengthening the bullish scenario as the structure matures.
📉🎬 >> Upon completion of Minor Wave 5, the leading diagonal pattern would likely be confirmed with high confidence, setting the stage for an Intermediate-degree corrective retracement in Wave (2).
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RIOT 
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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.