RIOT 1/18 Trade Idea and ProjectionsRIOT sympathy play with BTC
BTC:
Bull flag (symmetrical wedge) on Daily
Reversal price action respecting bottom trendline (2 wicks w/ small bodies)
20 SMA coming up for support
$1.9T stimulus packet proposal, decreasing USD
RIOT:
Bull KL's: PLOD, PHOD, 22.50, 24.00, 25.00, 25.50
PT: 26.50, 27.70, 29.30
Long term PT: 33.30, 46.30
Price action projection: gap up, flush, strong morning momentum, 50% retracement, sideways price action. Looking for continued momentum if btc breaks flag with volume