RIOT broke monthly structure in 2021 and retraced deep into demand, where it found a base and showed a change of character. Since then, price has been consolidating in a flag pattern, compressing after the shift. A fair value gap was created and later mitigated, adding weight to the structure. While RIOT has been showing some decoupling from Bitcoin, the technicals alone suggest it’s worth keeping on the radar. With crypto seasonality approaching, any sector-wide strength could still spill over here, making this setup one to watch closely.
Not financial advice, just how I see it.
Not financial advice, just how I see it.
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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.