$RIOT - week of 2/12/24
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 continuation with volume, weekly bounced with strength off the TL
Strength in RSI
Daily and Weekly above all EMAs. Weekly just broke through 200ema with strength last week
9d & 20d EMA's crossed up above 200, working to continue upwards
BTC over 48k during this write up
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 continuation with volume, weekly bounced with strength off the TL
Strength in RSI
Daily and Weekly above all EMAs. Weekly just broke through 200ema with strength last week
9d & 20d EMA's crossed up above 200, working to continue upwards
BTC over 48k during this write up
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