RIOT: The Sleeper Trade to $130📈 RIOT to $130? The Bull Case Is Heating Up
RIOT Platforms is primed for a major breakout — multi-year triangle compression on the weekly, identical to its 2020 setup before a 35x move. We’re now approaching the 1:1 time Fib window (2021 top → 2022 bottom → 2023 echo high), the same cycle structure
−450 ARS
100.18 B ARS
344.90 B ARS
About Riot Platforms, Inc.
Sector
Industry
CEO
Jason Les
Website
Headquarters
Castle Rock
Founded
2000
ISIN
AR0375251839
FIGI
BBG01MDJW3T1
Riot Platforms, Inc. is a bitcoin mining company, which engages in the provision of special cryptocurrency mining computers. It invests in Verady, Coinsquare, and Tess. It operates through the Bitcoin Mining and Engineering segments. The Bitcoin Mining segment focuses on maximizing ability to successfully mine Bitcoin by growing hash rate. The Engineering segment designs and manufactures power distribution equipment and custom engineered electrical products that provides them the ability to vertically integrate many of the critical electrical components and engineering service. The company was founded on July 24, 2000 and is headquartered in Castle Rock, CO.
RIOT / 2hNASDAQ:RIOT should have completed the leading diagonal pattern at the mid-May high >> 9.47, and holding the price under that this week. Also, it seems to have posed a further decline toward the Fib-retracement level of 0.618. The first target >> 7.28
Trend Analysis >> The Minuette degree trend
RIOT: Should go down a bit more...RIOT has pulled back with quite a picture perfect 3 waves. But this may be only the first leg of the correction. BTC is also looking primed to take a dip towards 100k-95k area. If that happens, I would look RIO to come back towards the golden zone are and close the gap along the way. There is also a
RIOT Compression Breakout to $10
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TradingView Summary – RIOT Platforms, Inc. (Ticker: RIOT)
Current Price: $8.82 | Timeframes: 1H / 4H / 1D
Bias: Bullish toward $9.90–$10.12 zone
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Trade Thesis:
The “RIOT Compression Breakout to $10” setup is based on multi-timeframe alignment showing bullish structure, fair value gap fills,
RIOT / 2hNASDAQ:RIOT reached both diagonals' lower boundary line, as expected in my prior analysis.
The ending diagonal inside the leading diagonal remains in a very late stage. An ultimate advance of 8% lies ahead. It would be before the following deep correction towards the Fib-retracement levels >> 7.19
$RIOT / 2hThere is no change in my NASDAQ:RIOT 's analysis. The rising leading diagonal ended with an ending diagonal inside!!
Trend Analysis >> Respecting the wave structure of the leading diagonal in which the 5th wave has revealed an ending diagonal and decline by 12% since the May high, all quite well
RIOT / 2hNASDAQ:RIOT
The rising leading diagonal quite well ended with an ending diagonal inside!!
Trend Analysis >> Considering the wave structure and closing the week with an 11% decline suggests that an expected relatively deep correction should have begun its way down toward the Fib-retracement leve
RIOT / 2hNASDAQ:RIOT continued to advance 5% today, suggesting that an analysis that considers an ending diagonal as wave v inside the leading diagonal in which the last subdivision has remained in the late stage should be respected.
Wave Analysis >> The diagonal wave v can not arise beyond 9.70 because
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Summarizing what the indicators are suggesting.
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Displays a symbol's price movements over previous years to identify recurring trends.
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