After hitting the High Volume Node and first take profit area 
RIOT was rejected as expected but instead of a deep retracement continued to push powerfully back into the node looking poised for a breakout above!
Once the resistance is clear and tested as support RIOT should move quickly to the next High Volume Node and take profit area at $40.
Analysis is invalidated below the R2 pivot, $16, and the retracement will instead be underway!
Safe trading
RIOT was rejected as expected but instead of a deep retracement continued to push powerfully back into the node looking poised for a breakout above!Once the resistance is clear and tested as support RIOT should move quickly to the next High Volume Node and take profit area at $40.
Analysis is invalidated below the R2 pivot, $16, and the retracement will instead be underway!
Safe trading
PhD Candidate: Investing, Sentiment & Social Mood
MSc Financial Econ
Technical Analyst 7 years
Trader / Investor 14 years
DeTrended Metrics Report (Free): detrended.substack.com
Members Only Trading Signals: tradesignals.substack.com
MSc Financial Econ
Technical Analyst 7 years
Trader / Investor 14 years
DeTrended Metrics Report (Free): detrended.substack.com
Members Only Trading Signals: tradesignals.substack.com
Related publications
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.
PhD Candidate: Investing, Sentiment & Social Mood
MSc Financial Econ
Technical Analyst 7 years
Trader / Investor 14 years
DeTrended Metrics Report (Free): detrended.substack.com
Members Only Trading Signals: tradesignals.substack.com
MSc Financial Econ
Technical Analyst 7 years
Trader / Investor 14 years
DeTrended Metrics Report (Free): detrended.substack.com
Members Only Trading Signals: tradesignals.substack.com
Related publications
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.