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RIOT

$RIOT, more downside before upside?I know everyone is bullish BTC and miners here, but the charts still don't look great even after the bounce. I think what's most likely from here is that we sweep the lows before getting a sustained trend higher. We're rejecting off resistance here at $12. I think this is likely to lead to a strong move to the downside. We have a ton of gaps to fill from the move up, and supports haven't been retested from the initial leg up in February. Most likely scenario is to find support in that $6.69- $7 region and then I think we'll likely see a positive reaction after earnings next week. Lots of risk over the coming days IMO. Bid lower supports and then we'll see how high we can go to the upside after.
NASDAQ:RIOT
by benjihyam
3
Gemini AI Analysis of RIOT (Riot Platforms) Stock (Bottoming) 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. Recent Consolidation : The price seems to be consolidating within a range recently, indicating a potential pause in the downtrend. Momentum Indicators: RSI (Relative Strength Index): The RSI is currently around 28, which is near the oversold region (below 30). This suggests that the downward momentum might be weakening and a potential rebound or consolidation could occur. MACD (Moving Average Convergence Divergence): The MACD line is below the signal line and both are negative, indicating bearish momentum. However, the histogram bars are decreasing in size, which could be a sign of weakening bearish momentum. Other Observations: JP Macro Trend Dynamics : This indicator shows a mix of green and red bars with no clear trend, suggesting uncertainty in the market sentiment towards RIOT. Heikin Ashi Candles: The Heikin Ashi candles are predominantly red, confirming the overall bearish trend. However, there are some recent instances of green candles, hinting at potential buying pressure. Support and Resistance : The $10 level appears to be acting as resistance, while the $8.50 area might be providing some support. Forward Outlook: The technical indicators suggest a mixed outlook for RIOT. While the long-term trend remains bearish, there are some signs of weakening downward momentum and potential consolidation . Possible Scenarios: Continuation of Downtrend: If the price breaks below the recent support around $8.50, it could signal a continuation of the downtrend, potentially reaching lower levels. Rebound or Consolidation: If the price manages to hold above the support and the RSI moves out of the oversold region, we could see a rebound or a period of consolidation within a range. Trend Reversal: A break above the resistance at $10 with increasing volume and confirmation from other indicators could signify a potential trend reversal and a shift towards a bullish outlook. Additional Factors to Consider: Overall Market Conditions: The performance of the broader cryptocurrency market and Bitcoin, in particular, will significantly influence RIOT's price movements. Company-Specific News and Events: News related to Riot Platforms, such as earnings reports, expansion plans, or regulatory developments, could impact investor sentiment and the stock price. It's important to note that technical analysis is not a foolproof method for predicting future price movements. It should be used in conjunction with other forms of analysis and a comprehensive understanding of the underlying asset and market conditions.
NASDAQ:RIOTLong
by evmeerkat
RIOT: Time to wake up and get readyRIOT 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 something else going on and the correction may turn out into a complete annihilation of this stock. Risk management is of the upmost importance once the toe is dipped.
NASDAQ:RIOTLong
by mukit1
MSTR has more rocket fuel LONGMSTR recently bought up a lot more coins. News that an insider sold $7 M in shares while interesting is quite meaningless. He still has $150M plus. MSTR is riding a " Bollinger Band march" on the upper band. This is a huge surge. I was happy to catch a buy today at $1575 off a low-ball limit order that somehow got filled. All things crypto has a great day. It was a Magic Monday for sure. I will sell some on Thursday mid-day and buy more next Monday. I know all the contrary ideas- Reckless abandonment. Poor risk management. The answer my initial capital into MSTR has been long returned to the account ( then spent getting larger in semiconductors); this is all profit being compounded. If there is some risk it is all accepted. the entire position has a trailing stop loss of !0% - no problem seen. Risk on. BTBT RIOT are running in the shadows and the positions are not half bad. BTUSD and ETHUSD on forex with 100:1 leverage are carrying their own weight.
NASDAQ:MSTRLong
by AwesomeAvani
CLSK set up for a SHORT in a parallel channelCLSK on a 120 minute chart is in a gradually falling parallel channel. At this time price has topped at the channel's resistance trendline. The RSI has bearish divergence while the predictive algorithm shows a forecast of a trend down this upcoming week. I will short trade CLSK here with a stop loss at 20.6 above the channel and target of 14.75 near to the bottom of the channel. The stop loss of 1.2 compares well with a target about 4.5 downside yielding approximately 3.5 as a risk ratio.
NASDAQ:CLSKShort
by AwesomeAvani
RIOT retraced and could reverse but BTC is falling SHORTOn 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 RIOT after the open on Monday fully expecting it will fall into the lower VWAP bands but there could be a surprise if BTCUSD reverses over the weekend.
NASDAQ:RIOT
by AwesomeAvani
Texas Clashes with Bitcoin Mining Firm RIOTIn the heart of Texas, a clash of interests has erupted as Riot Platforms' ( NASDAQ:RIOT ) ambitious plans for a Bitcoin mining facility encounter staunch opposition from local residents and authorities. What initially seemed like a promising venture for economic growth and job creation has now become a battleground, highlighting the environmental and social concerns associated with the burgeoning Bitcoin mining industry. The Rejection: On March 11, the Navarro County Commissioners dealt a significant blow to Riot Platforms ( NASDAQ:RIOT ) by rejecting their proposal for a reinvestment zone, a crucial step in establishing the largest Bitcoin mining facility in Texas. Citing overwhelming public opposition, the commissioners opted against approving the zone, signaling a shift in sentiment towards Bitcoin mining in the Lone Star State. Residents' Concerns: The rejection reflects a growing chorus of concerns voiced by Texans regarding the environmental impact, energy consumption, and noise pollution associated with Bitcoin mining operations. Despite Texas' historical embrace of industrial activities like oil drilling and fracking, residents are now questioning the benefits of incentivizing Bitcoin miners, especially in light of the industry's hefty resource demands and limited job creation. Water and Energy Consumption: Foremost among residents' concerns is the substantial water and energy consumption inherent in Bitcoin mining operations. With Texas grappling with water scarcity and rising temperatures, the prospect of a Bitcoin mine consuming 1.5 million gallons of water daily during peak summer months raises significant alarm. Moreover, the industry's contribution to an estimated $1.8 billion increase in the state's yearly power bill underscores the strain on resources and the environment. Social Impact: Beyond environmental considerations, critics argue that the promised economic benefits of Bitcoin mining have failed to materialize. Despite Riot Platforms' pledges of job creation and investment, the reality falls short of expectations, with only a fraction of projected jobs materializing and minimal economic spillover into local communities. This disconnect between promises and outcomes fuels skepticism among residents and officials alike. The Industry's Response: In response to mounting opposition, Riot Platforms ( NASDAQ:RIOT ) and other Bitcoin mining companies defend their operations, highlighting the economic activity generated by their facilities and the ancillary benefits to local businesses. However, concerns persist regarding the industry's reliance on automation, which limits job opportunities, and its failure to align with the broader interests of Texas communities. Future Prospects: As Riot Platforms ( NASDAQ:RIOT ) contemplates its next move in Navarro County, the broader implications of the Bitcoin mining clash reverberate across Texas and beyond. The standoff underscores the need for a balanced approach to economic development, one that considers environmental sustainability, community well-being, and long-term prosperity. Whether Bitcoin mining can reconcile its ambitions with the concerns of local residents remains uncertain, but the outcome will undoubtedly shape the future of the industry in Texas and beyond.
NASDAQ:RIOTShort
by DEXWireNews
FUFU a crypto junior miner near penny LONGFUFU went public visa a SAPC ; It is a crypotminer from Singapore. Market cap is SEED_TVCODER77_ETHBTCDATA:1B and the price to sales is 4. On the 30 minute chart with a set of anchored VWAP lines and a predictive algo based on Gaussian regression lines by LuxAlgo., price is seen first in a VWAP breakout into above the third upper VWAP lines peaking on Match 6 and then a gradual full retracement over the 4 days that follow. It is now under that lowe third VWAP line.The range percentage was about 100%. I now see this as a long trade with 100% upside to the Fibonacci level of the downtrend.
NASDAQ:FUFULong
by AwesomeAvani
MARA fell on a huge earnings beat LONGMARA fell a few days ago while Bitcoin is staging another leg higher along with other coins. On the 30-minute chart, MARA is in undervalued territory below the mean-anchored VWAP and near to the bottom of the high volume area on the volume profile but above the POC line. This seems to be an obvious long trade for me to take. I will set a stop loss of $1.00 below market price and a target of $31 halfway between the mean VWAP and the first upper VWAP the line above it. A call option trade striking $30.00 expiring in three months will be considered. MARA fell from excellent earnings which apparently disappointed some traders /investors. The discount sale is hard to resist given the current fundamentals in the crypto markets.
NASDAQ:MARALong
by AwesomeAvani
MSTR oversold for a long tradeMSTR is now oversold but has a great earnings beat and the cryptomarkets surging to support a bullish idea. The 15 minteu chart shows price sitting on support of the POC line of the immediate volume profile. With confluence, it is above a fully horizontal lower VWAP line that has no slope. Support and resistance horizontal zones are drawn in for reference purposes. I will close my short position of the past day and switch sides here. The RSI indicator gives reassurance as it has pivoted up from the bottom, especially the faster green line. Selling volatility declared the bottom in the immediate term at the same time the relative volume indicator printed a selling volume spiking black bar both immediately before the regular market closed.
NASDAQ:MSTRLong
by AwesomeAvani
RIOT: In the middle; bull and bear caseIt'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 longer timeframe still looks very bullish. Bullish case: The blue count assumes minute degree wave 3 should start very soon. As long as price stays above $9.64, the bull case is still alive. Price looks to have found some support at the midline of the channel and if next week we see a nice big candle to the upside, it might get some momentum to start the wave 3 of 3 of 3. Risk is lower above $18.5. Bearish case: The black count assumes intermediate wave 2 correction is about to complete. Minute degree wave 3,4 and 5 will get going very soon and price should get back towards the bottom of the channel to complete this almost 8 months long consolidation. This may also align with a short correction for BTC and overall markets for the next couple of weeks. After that we should see a clear reversal and upward movement.
NASDAQ:RIOT
by mukit1
RIOT - Recovering Vectors and Gaps - BullishNASDAQ: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 should be ~14.6 as it recovers vector -Target 2 should be ~16.3 as it recovers vector in daily timeframe *Not Financial Advice*
NASDAQ:RIOTLong
by a_ag
2
IBIT short-term ideal based on BTC I’ve been looking at the trend bitcoin is taking and i think it may be exhausted and taking a breather… I also have been looking at crypto mining stock such as riot and Mara both developing a double top, and with the ascending triangle Btc has, i think it may actually move downwards to fill a gap, and push back up. Also the long tail on the red candle tell me people have selling sentiment at that level and it will give people the opportunity to get in. I’m new to posting my ideals but i’ve been at it awhile. Not finical advice, do your own due diligence.
NASDAQ:IBITShort
by Hotspaceguy