RIOT Respecting the boundaries

128
Price remains in its uptrend channel demonstrating shallow pullbacks as is characteristic of wave III.

Price is consolidating above support which could lead to a break down below but still within the boundaries of the channel. Daily 200EMA is ascending to meet price and support lines.

Daily RSI has printed unconfirmed bullish divergence at the EQ.

Continued upside has a $40 target at the next High Volume Node.

Disclaimer

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.