1) Riot keeps making higher lows while its RSI is making lower lows. This is a so called "hidden continuation divergence".
2) Riot is forming a wedge pattern that will break either up or down.
A) That said, last I checked there was a strong bearish RSI divergence forming on BTC, and since RIOT is a proxy play for ppo who cant trade BTC derivatives, any RSI signal will be drowned out by a general crash in the crypto markets.
2) Riot is forming a wedge pattern that will break either up or down.
A) That said, last I checked there was a strong bearish RSI divergence forming on BTC, and since RIOT is a proxy play for ppo who cant trade BTC derivatives, any RSI signal will be drowned out by a general crash in the crypto markets.