RIOT EW count hasn't been easy. The impulses are not quite clean; the corrections are too deep for comfort. But as long as price is making higher highs and higher lows, I will stay on that direction. The concern is the overlapping impulses. Either RIOT will explode with a series of wave 3s or we have a tricky count with creative fitting of waves. Until price falls below $13.59 in the next day or 2, I can't fit a diagonal count either. I already took profit today and will hold the rest with a stop right below $13.59 and let this play out longer to see if a clearer EW count appears. Ideally, want to see price above $15.34 to somewhat confidently say we have a full 5 waves sequence.
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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.