Investment analysts at JPMorgan have upgraded Riot Platforms Inc.'s stock rating from "Neutral" to "Overweight" and set a target price of 15.00 USD. This adjustment is based on the anticipated significant growth in Riot Platforms' hash rate, a key performance indicator in the cryptocurrency mining industry.
Riot currently operates with a hash rate of 12.4 EH/s...
It's been rough for the miners. As BTC is making all time high, miner stocks are not getting any love. This divergence is ultimately result in market picking a direction after the consolidation is over. Right now, RIOT is range bound, sitting at the middle of a channel. I have both bullish and bearish EW count. Whichever is correct, doesn't really matter, as...
NASDAQ:RIOT
-Consolidation is expected as lower highs and higher lowers are printed
-RIOT is filling gaps and vector candles at ~11.5 and ~12.2 respectively
(So buy zone should be around those)
-Pivot point was registered at 11.94
-As long as it doesn't break the low ADR ~11.3 we should be good
-If it breaks low ADR, the new pivot could be ~9.7
-Target 1...
The daily price movements remain below the 200-day moving average (200MA). However, there's a potential for a test of the lower trendline marked in yellow. Historically, after such a test, we anticipate a reversal. Considering the ongoing market trends with #BTC, a reversal appears imminent.
Mara and riot both have double tops. IBit has several FVG that are quite large along with Mara and riot — i think these sellers and buyers will get a chance to get back in, and it will push back up.
Welcome to RiskMastery's Breakout Stocks - Stocks with breakout potential.
In this edition, we'll be looking at NASDAQ:RIOT ...
I believe this code is at a point of potential volatility.
If price can hold above $14.44 ... Bullish potential may be unlocked.
My key upside targets include:
- $18.29 (Conservative)
- $24.61 (Medium)
- $29.05...
I've been following Riot for a couple of years. A cup and handle pattern has formed on the daily. It appears to me an upside-down head and shoulders have formed on the back of the handle. Maybe this is a squeeze before finally breaking resistance. Considering the halving event is coming in April, this could be a potential opportunity, or another swoop of profit...
## RIOT Stock: Short Fundamentals, Recent News, and Disclaimer
**Fundamentals:**
* **Riot Platforms Inc. (RIOT):** A Bitcoin mining company that utilizes immersion cooling technology.
* **Listed:** NASDAQ.
* **Market Cap:** ~$3.6 billion (as of Feb 27, 2024).
* **Business Model:** Generates revenue by mining Bitcoin and selling it on the open market.
* **Key...
Riot Blockchain ( NASDAQ:RIOT ), a leading Bitcoin mining and data center hosting firm, has reported record-breaking total revenue of $280.7 million for the year 2023. This impressive milestone underscores Riot's resilience and strategic growth initiatives amidst a dynamic cryptocurrency landscape. With a surge in Bitcoin production and a commitment to expanding...
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...
IOT on the 30 minute chart has pulled back 35% from its end-of-the-year high when Bitcoin made
a bullish move. Bitcoin has settled down and RIOT has followed that trend down. the MACD
lines are above zero while the RSI lines have settled in deep oversold territory. I see this as
a good entry for a long position with at least 50% upside and much money if...
RIOT has made a V recovery once again, making the bear case almost obsolete. The primary and secondary trendline resistance has been successfully broken and right on the third trendline resistance at the moment. Let's look at bull and bear case and see when to enter the rocket to the moon.
Bull case:
If this is the beginnings of intermediate wave 3, then the...
Don't Chase Rainbows: RIOT's Inverse Head and Shoulders - Opportunity or Illusion?
RIOT's chart shows an interesting development with a potential inverse head and shoulders pattern. Based on technical analysis, this pattern could indicate a move towards $38. However, remember that the crypto market is volatile and reaching this target is not guaranteed.
Another Bitcoin associated runner that likely continues to ascend as long as BTC is in bull market.
If can break above 17 looks ready for a run at 22 resistance, after which it may consolidate before running higher to mid of the whole move (~$40) sometime around the halving event in April this year.
Short-term bullish on $RIOT. Dependent on BTC action and market conditions.
Looking for a hold over 14. Ideally, a retest of the ~14-14.25 range intraday
Would target 2/23, 15c or 16c. I expect some chop and/or an inside day in the beginning of the week, so want to buy some time. May even look at March cons.
TP1 @ 14.79
TP2 @ 16
TP3 runners @ 17
Recent uptrend...
Which I think it will slice through!
#Bitcoin miners tend to follow big technical patterns really well.
From the top you can see the massive bear flag that lasted pretty much all of 2021
all whist in the bitcoin bull market and non conforming disappointing price action
the secondary bear flag in 2022 that led to a precipitous drop
and now there is a...
