According to the prior analysis, 
RIOT continued to sell off 6.8% today and closed the week with an 11% decline in total.
Wave Analysis >> The rising leading diagonal in wave (1) ended with a diagonal as its 5th wave inside at 10.86. Its correction in the same-degree wave (2) has started its way down toward the origin of the ending diagonal >> 7.93.
Trend Analysis >> The trend has turned to correcting down. It might be a relatively deep retracement that will take a few weeks to develop.
The retracement targets >> 8.20 >> 7.93 >> 7.67
#CryptoStocks #RIOT #BTCMining #Bitcoin #BTC
RIOT continued to sell off 6.8% today and closed the week with an 11% decline in total.Wave Analysis >> The rising leading diagonal in wave (1) ended with a diagonal as its 5th wave inside at 10.86. Its correction in the same-degree wave (2) has started its way down toward the origin of the ending diagonal >> 7.93.
Trend Analysis >> The trend has turned to correcting down. It might be a relatively deep retracement that will take a few weeks to develop.
The retracement targets >> 8.20 >> 7.93 >> 7.67
#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.