RIOT: Looking fairly bullish stillRIOT reached the $20 milestone intraday last week that got sold off very quickly. The consolidation right now seems like a distribution patterns, but there are some indications that the bear case is not that strong. The daily MACD hasn't had a cross yet. It is doing the Almost tag and go thing, whic
−100 ARS
100.18 B ARS
344.90 B ARS
About Riot Platforms, Inc.
Sector
Industry
CEO
Jason Les
Website
Headquarters
Castle Rock
Founded
2000
ISIN
AR0375251839
FIGI
BBG01MDJW3T1
Riot Platforms, Inc. is a bitcoin mining company, which engages in the provision of special cryptocurrency mining computers. It invests in Verady, Coinsquare, and Tess. It operates through the Bitcoin Mining and Engineering segments. The Bitcoin Mining segment focuses on maximizing ability to successfully mine Bitcoin by growing hash rate. The Engineering segment designs and manufactures power distribution equipment and custom engineered electrical products that provides them the ability to vertically integrate many of the critical electrical components and engineering service. The company was founded on July 24, 2000 and is headquartered in Castle Rock, CO.
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RIOT doesn't want to retrace this time!After hitting the High Volume Node and first take profit area NASDAQ: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
RIOT / DailyNASDAQ:RIOT 📊 Technical Update
Riot Platforms Inc.📈 exceeded the projected target of 18.80 with an intraday high in the last session, completing the extension of Minute Wave v (circled) of Minor Wave 5, within the Leading Diagonal structure of Intermediate Wave (1).
The stock has gained nearly
RIOT At First Target!Local Analysis / Targets / Elliot Wave
There was a lot of doubt on TradingView for this breakout but here we are! Price has now come into the High Volume Node resistance after nearly doubling. Wave III appears to be underway with a minimum expected target of $46 per Fibonacci extension tool. Break
RIOT: Is it the top?RIOT has successfully managed to complete a 5 waves bullish sequence with somewhat of an ending diagonal finish as of Friday close. The closing hour was a pretty sharp drop with somewhat of a bear flag pattern after closing. This may suggest that the top is in for the sequence. If you have booked a
Lets Start a RIOT (part 2)Gooood old RIOT.
So back in late September, and early October 2024 I began positioning myself in RIOT and set a target of 6-12 month at around 45$. Although i am up 79% and will soon be able to take advantage of long-term capital gains tax. RIOT has not performed as well as I thought it would.
The
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Summarizing what the indicators are suggesting.
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Moving Averages
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Displays a symbol's price movements over previous years to identify recurring trends.
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