Based on the provided chart and technical indicators, here's an analysis of Riot Platforms, Inc. (RIOT) and its potential forward outlook:
Trend Considerations:
Long-Term Downtrend: The price has been in a long-term downtrend since late 2021, evidenced by the consistent lower highs and lower lows. The descending trendline confirms this downward trajectory.
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I am really happy that I have been able to find this profession and learned it (Learning yet) and so find a way to make money and help others to do that.
For new season of crypto market we should consider those stock symbols that work in this field, so I want to give you (for those that does not know it) a good chance to invest for your futures but...
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Again making complete analysis for next bull run 🐂
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Catch our in-depth analysis of Bitcoin's weekend performance and the potential for RIOT and MARA gap-ups on Monday! Follow us on TradingView for more insights. 📊
Bitcoin could get another leg up to $70, $75 or even $80k before taking the needed larger correction to sub-60k!
I think there is a 25% chance that we have seen the high of this cycle and a 75% chance that the 4-year cycle will play out like the last ones have (with BTC expected around October/November 2025). My plan is to sell my Riot holdings in 2025.
Good luck
If it comes up from this point and this wave down isn't greater than the previous wave, I'm leaning towards the pullback being done. The W-A of W-(W) is questionable on counting and could easily see the first 3 waves being 5 waves instead. If that is the case, I'd lean towards another wave down. Either way, the correction is probably getting close to done.
RIOT April breakdown has confirmed the intermediate wave 2 still intact. Good news is, price is likely making a major bottom. The bottom rectangle on the chart represents several technical support zones and if price comes down to this area, it will be a buy for me. We should at least expect a bounce from there. But if price doesn't hold in this area, then we have...
I already provided RIOT analysis ⏰ successfully top 🔝 & correction completed 🚀
Unfortunately 😬 my 2 posts got disconnected against trading view rules 📌
Again making complete analysis for next bull run 🐂
Before entering pls #DYOR
Below this post I will update you everything 🙂
So just follow and share post and save it by boosting 🚀 it 🙌
So if I updated...
On the 15-minute chart- RIOT uptrended and then retraced. It is now supported by the
standard Fibonacci retracement zone and UNDER the intermediate term mean anchored VWAP.
On the RSI indicator, the signals are UNDER the 50 level another suggestion of direction
being forecasted. In the meanwhile BTCUSD is trending down. while RIOT is not trading. I will
watch...
