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RIOT PLATFORMS INC (USD)RIOT PLATFORMS INC (USD)RIOT PLATFORMS INC (USD)

RIOT PLATFORMS INC (USD)

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RIOTD trade ideas

Graphical and Fundamental Analysis of Riot Blockchain (RIOT)1. Graphic Analysis The price has broken a diagonal support at the white line. If going to bet on a rise, I would expect a bear trap at $4. If the downtrend continues, the next targets will be hit on the Fibonacci projection. $1.30 would be the longer target. The indicator at the bottom demonstrates the correlation with the price of Bitcoin, which is positive. The macro scenario remains bad, largely due to the FTX crash. The quarterly results presented by blockchain and mining companies are being released, and by the way, they are not good. The question is: if the next results are not positive or if more companies fail, to what extent this would affect Bitcoin and other cryptocurrencies. 2. Fundamental Analysis
NASDAQ:RIOT
by andre_007
Bullish patterns in a bear marketWe are almost in the same situation as in my last shared idea (ETSY). A bullish pattern in a bearish environment. To be exact: two bullish patterns. A "Falling wedge" and an inverse "Head and Shoulders". You may be wondering why is the "Head and Shoulders" still relevant. Well, the price failed to break the neckline, so the pattern is still in play. We also have a rising RSI and a regular divergence on the MACD, which are bullish signs. My only problem is that, once again: we are in a bear market. In addition, the RIOT is exposed to the crypto sector and the standard stock market movements. If the resistance line does not reject the price, a breakout is possible. Support: 7.06, 5.66 Resistance: 7.46, 8.08, 9.58
NASDAQ:RIOT
by benedekdomotor