RIOTD trade ideas
RIOT: A Stunning 50++% Rise today. Question: Is Wave 3 (Blue)Done? Option 1 says it is not done. FB between wave (iii) Red and (ii) Red gives a (v) Red of $57.90. Option 2 assumes wave 3 is done at today's top of $45.99. Opt 1 and 2 assumes a 0.618 FB Retracement for wave 4 (Blue). Option 3 for wave 4 (Blue)assumes filling of the lowest gap with a FB Retracement of 0.77
RIOT Blockchain Inc. bullishSee the setup for a bullish scenario with pullbacks possible to cover previous gaps up, creating buying opportunities. Often times the gaps in price action will have a tendency to be covered by future price action. These areas act as support and resistance and magnets for price action to retrace and afterward continue the underlying trend.
$RIOT: Large Buying Consolidating and Pushing LowerLook for the early sell-off and wait for consolidation with volume to confirm a move.
A Few Factors to Consider
- overbought RSI
- low volume support end of day
- Price sitting right under HVN
- Well above VWAP and Weekly VWAP
If stock pushes past 22.05, prepare for massive sell-off wih a resurge. As always, use volume to confirm a push to the up or downside and act accordingly.
RIOT - Short term oportunity to buy on a breakoutChart looks pretty bad here. Loot it up elsewhere for a better idea on how it looks. The dynamic resistance is actually closer to the price. I do not recommend to hold that position for too long. NASDAQ : RIOT
Serious Money Gains There is a "Riot on this Blockparty"This company RIOT BLOCKCHAIN INC (NASDAQ:RIOT) is "Blockchain" for Cryptocurrency and it is on the move.
There is a "Riot on this Blockparty".
This stock is coming from $4 in September and hit $9 in October , within months as it started to get going.
It is steady on the move and has hit up to $16 on November 22 and after hours it is still going up to 17 .
These new cryptocurrencies are making way for new companies to make the move and get a grip using these new cryptocurrencies.
This stock could make it really big soon. At the rate of climb it is moving 10-20% daily. it just did a 40-50% increase within a week.
There is no stopping this company yet. I say it hits $20 very soon and it may have no borders and no bounderies. If Bitcoin is increasing these cryptocurrency blockchains will increase just as bitcoin goes up. It is possible to see these new companies reach $100 in no time because these cryptocurrencies are rising so fast.
I am going to bet on this stock and say it keeps jumping and hits $20 in no time. Take a risk with me, because these new cryptocurrencies are making new trends for new companies to make headway.
There is a "Riot on this Blockparty".
Remember me when you make some big gains because this one is going up!!!!!
RIOT - Brokeout of descending triangle. RSI and MACD look goodRIOT has broken out of a descending triangle after consolidating for a few sessions. RSI has broken out of a downtrend as well. MACD crossover is bullish. Bitcoin prices providing a tailwind. PT $9
