Community discussions
RIOT price has detached too much from the mean value on 1h/4h timerames. either we will come back to 20~ or break down to 15.50-14.50If we don't close above 18 today this might be ugly
RIOT I used 13 and 40 emas on the weekly for reference purposes. There are two very important things on the chart that I'd like to draw attention to.1. As we can see this correction was needed just like the previous correction happened on the weekly close of July 28th week. Here the price touched the 13 ema and stayed there for the next few weeks and continued higher. So if RIOT is going to continue up, it must go along the 13 ema for some weeks and not close below it multiple times.
2. Another point is that we can see huge volume on the uptrend and relatively low volume on the way down. This suggests, it's not a big problem. I learnt this from a professional trader, who is usually right.
3. In the trend, the pink line represents the power of the bullish or bearish trend, it was created by my AI with my instruction. The idea here is that if it gives multiple times the same signal, as we can see it gave green in July and Sept/Oct, the pink line suggests the bull power even grew stronger, which is now cooling down only a little bit.
So my hypothesis is that it's not a bad stock, it's just under the influence of manipulation, and therefore we need to be patient a little bit and see how it goes in the foreseeable future.
With Love and Respect to all investors and traders,
Muhammad Ishaq
#NotFinancialAdvice.
RIOT This is getting uglier but some part of my mind says the reversal is just around the corner. Feels like it's a trap.
RIOT This is relatively a better time to start buying / accumulating the 12-month expiration out-of-money calls such as $30 or $40 strike, in my opinion. #notafinancialadviceRIOT got rejected at $23.5 on October 10 and October 27. I think it will get rejected around the same resistance level one more time in the next few days, before it can finally break that resistance and get to $30 and higher.
RIOT $19.78 a good buy in ?RIOT news is noise!!! Let’s not forget it. Market moves on sentiments in the short term. But in the long run it moves on fundamentals. Riot IMO has solid fundamentals. I’m bullish on Riot but I could be wrong.
RIOT What was so bad about the report? Is there something I'm missing, maybe the market was expecting more AI compute announcements.RIOT There is a big $23.5 resistance, after which, I don't see anything until around $30 and then $40.5. Let's go.