RIOT breakout soon?Looking at the TA, there’s a wedge forming over the past few days – not the cleanest setup, so mind your risk. But take a look at the option flow: I’m clearly not the only one eyeing this move. A few whales have been scooping up calls, sizeably above the usual flow.
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−0.085 USD
97.17 M USD
334.55 M USD
About Riot Platforms, Inc.
Sector
Industry
CEO
Jason Les
Website
Headquarters
Castle Rock
Founded
2000
ISIN
AR0375251839
FIGI
BBG01MDJW4P3
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.
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Why Riot Stock Dropped After Q2 Earnings Despite Good NumbersWhen I first saw Riot Platforms' Q2 2025 earnings report, the numbers looked impressive at first glance. The company posted net income of $219.5 million, a dramatic turnaround from recent quarters. But as I dug deeper into the details, it became clear why the stock sold off despite what appeared to
RIOT: Sideways is goodRIOT has broken above a very important downward channel dating back July of 2023. It is imperative that RIOT stays above the channel. The sideways consolidation while BTC and the crypto market corrects is a pretty good sign. Next week might be more of the same, maybe a bit more down to gain the mome
RIOT: Looks pretty bad, but still has a chance to recoverBreaking down into the big bad channel maybe was the first warning of a false breakout. August first price action just made things a whole lot worse. The hope here is that RSI is tanked and has multiple pints of bullish divergence. But the bad news is, the overall price action is still a very 3 wave
RIOT / 3hAs illustrated on the 3-hour chart above, NASDAQ:RIOT appears to be extending the third wave of an impulsive advance within Minor degree wave 3.
And as anticipated, a sideways correction is unfolding as the fourth wave of the ongoing extension in Minuette degree wave (iii).
Fib Extension Targets
RIOT / 3hThere is no specific change in NASDAQ:RIOT 's previous analysis. As depicted on the 3h frame above, it appears to be extending the third wave of an impulsive advance within Minor degree wave 3. As anticipated, a triangle correction has emerged as the fourth wave within the ongoing extension of the
$RIOT Targets hitNASDAQ:RIOT has hit my take profit target at the High Volume Node and R3 daily pivot where it has found resistance.
Wave III appears to be complete with wave IV expected targets being the 0.382-0.5 Fibonacci retracement, also the daily pivot point and ascending daily 200EMA, $10.24.
Analysis is
RIOT / 3hThere is no specific change in my NASDAQ:RIOT 's analysis. The wave iii(circled) of Minor degree wave 3 should have ended at 15.34.
Now, a following correction in the 4th wave of Minor degree wave 3 may have started to develop sideways. And it might take just a couple of weeks.
NASDAQ:RIOT CRY
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
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Oscillators
Neutral
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Summary
Neutral
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Neutral
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Strong sellStrong buy
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Summary
Neutral
SellBuy
Strong sellStrong buy
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Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
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