RIOT is shown on a 15 minute chart over the past 7 trading sessions showing 3 trends up
then with intermittent consolidation then a trend dow. The trend down is the most
important. Given the strength shown on the indicator demonstrating bullish divvergence
I believe that RIOT is now set up for a pullback entry long either shares or options at this time.
Let me know if you need trade specifics for either. See my other ideas for BTCUSD, MSTR,
HUT, BITF and the rest. COIN is also worth a look as an earnings play. Buyer note- any of
these could go into short squeeze if a decent upside price action sets things in momentum.
then with intermittent consolidation then a trend dow. The trend down is the most
important. Given the strength shown on the indicator demonstrating bullish divvergence
I believe that RIOT is now set up for a pullback entry long either shares or options at this time.
Let me know if you need trade specifics for either. See my other ideas for BTCUSD, MSTR,
HUT, BITF and the rest. COIN is also worth a look as an earnings play. Buyer note- any of
these could go into short squeeze if a decent upside price action sets things in momentum.
Trade active:
Finishing an engulfing candle suggests to me it is time to add to the position. A general market down day could drag on RIOT in which case it will be an even
better dip buy.
better dip buy.
Trade active:
RIO fell with the tech sell off with NVDA fed news upcoming expecting a fall into
support at 15.45-15.65 Will add when it gets there and retests support of a VWAP bandline and the 0.5 Fib retracement may not happed until after the fed news.
support at 15.45-15.65 Will add when it gets there and retests support of a VWAP bandline and the 0.5 Fib retracement may not happed until after the fed news.
Bitcoin has been actively trading the whole extended weekend.