Eventually All Waves Settle!!
The market selloff in five straight trading days has extended the current decline in wave(c) and exceeded the last extreme low at 7.24 as well. It would suggest the ending contracting diagonal in wave (c) to morph into an expanding diagonal,
as adjusted on this frame.
So,
RIOT may have concluded the entire correction in Minor degree wave 2 by an ending expanding diagonal in its wave (c) of ((y)) on the Fib 1.618 expansion level(very close to 6.87).
The Redline >> 6.36
#CryptoStocks #RIOT #BTCMining #Bitcoin #BTC
The market selloff in five straight trading days has extended the current decline in wave(c) and exceeded the last extreme low at 7.24 as well. It would suggest the ending contracting diagonal in wave (c) to morph into an expanding diagonal,
as adjusted on this frame.
So,
RIOT may have concluded the entire correction in Minor degree wave 2 by an ending expanding diagonal in its wave (c) of ((y)) on the Fib 1.618 expansion level(very close to 6.87).The Redline >> 6.36
#CryptoStocks #RIOT #BTCMining #Bitcoin #BTC
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Disclaimer
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.