$RIOT / HourlyNASDAQ:RIOT has achieved the cluster of anticipated Fib targets on its differing time frames.
But the market selloff in last hour today, and exceeding the targets would suggest to analyzing the wave structure of the current decline in hourly frame as well.
So as depicted on the chart below, with respect to the wave structure in a barrier triangle as the correction in wave (b) properly reveals a five-wave impulse on the following decline as wave (c) which now its 5th wave in a final decline would likely remain in the late stage.
The final Fib target >> 8.08
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RIOT trade ideas
RIOT Stock Chart Fibonacci Analysis 022625Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 8.9/61.80%
Chart time frame: B
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress: A
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) 61.80% support
D) Hit the bottom
E) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern.
When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point.
As a great help, tradingview provides these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved.
If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks.
If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
$RIOT / 2hNASDAQ:RIOT may conclude the entire correction in Minor degree wave 2 on cluster of the anticipated Fib targets.
Technically, the wave structure of corrective wave 2 in a wxy double zigzag seems to be completed well now. And also exceeding the Fib channel & cluster of the expected Fib targets indicate the current level at 8.70 should be respected likely as a significant low.
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RIOT next BTC to bull 🐂 road map I already provided RIOT analysis ⏰ successfully top 🔝 & correction completed 🚀
Unfortunately 😬 my 2 posts got disconnected against trading view rules 📌
Again making complete analysis for next bull run 🐂
Before entering pls #DYOR
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RIOT: One more leg down or only UP from here?Right now, it is very difficult say if the Feb 3 low is THE low. So far, the move up looks like an abc zigzag. If that is the case, then we should see one last move down the swipe the December low, shake out all stop losses and start the real wave 3. Price can still move up towards $14 and make another lower high and then crash again. But, if price keeps makings higher highs and higher lows and somehow can come out of the downward channel in a complete 5 waves, then wave 1 of 3 is most likely. I will wait for the reload. Either start accumulating on the next leg down or wait for 5 waves to complete and buy on the retrace of wave 2 of 3. In the meantime, selling secured calls and puts in the trading range to keep things interesting....
$RIOT / WeeklyNASDAQ:RIOT
Accordance with this bullish trend analysis, RIOT would be likely concluding a series of first and second waves (which started on March 2020) that all depicted well on this weekly frame.
So after completing the correcting down in wave 2 around 9.00 (22% decline in 7 weeks ahead), the following series of impulsive waves in 3 of (3) of ((3)) will be expanded on the uptrend to the fibo extension levels, as shown on the weekly chart above.
>> The fibo targets would be around 40.00 at first, then >> towards 100.
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$RIOT, a setup for a comeback- Showing some strength on the pre market, RIOT is bullish above 12.30.
- while I am not expecting the move to be bigger than 12.50 on the day, keeping with momentum, we can see it at 13.70 by next week.
- a larger move to 14.20-15 may still on be on the table.
- Trade is risk off bellow 11.60.
RIOT: not sure what to make of the recent price actionFor now, I have Jan 22 low as subminuette degree wave 2. But the price action since then, even though made higher highs and higher lows, doesn't seem to be an impulsive move. It can either be a b wave, which means wave 2 is not over yet; or it could be an expanding leading diagonal. If a Y wave is in progress, I hope not to go too deep as price already dipped into minuette wave 1 once. This week will be crucial for BTC as well as miners to keep the support intact and bounce to new higher highs to keep the bull run intact. Falling below recent lows will make things significantly harder to keep things moving.
Will History Rhyme for Riot Platforms $RIOT (+120% Rally)?History doesn't always repeat itself, but it does tend to rhyme! The stars are aligning for Bitcoin CRYPTOCAP:BTC , and if the Crypto King officially enters the next WAVE of this bull market cycle, then I wouldn't be surprised to see NASDAQ:RIOT rally +120% in the month(s) ahead. We've seen it before... There's no reason we couldn't see it again! 😏🔮🚀
Also, I just posted a YouTube video covering CRYPTOCAP:BTC NASDAQ:RIOT NASDAQ:MARA and NASDAQ:COIN if you want to check it out. 🤙🏼🎬🎥
$RIOT / 4hNASDAQ:RIOT
After correcting down in Minor degree wave 2 for now trend is UP. And the same degree impulsive wave 3 is rising up as well expected.
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Looking for a break of this upper trendline on RIOT! Sound on!🔉
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Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
$RIOT / 4H ChartNASDAQ:RIOT
Now, trend is turning UP! and impulsive wave 3 should have started to rising up.
The correction in wave 2 on cluster of the fib targets is well done at 9.98.
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$RIOT / 1H ChartNASDAQ:RIOT
The entire correction in a double zigzag as Minor Degree Wave 2 at 9.98
looks well done.(It exceeded the fib target just 0.11)
Now, trend is turning UP! And an impulsive wave 3 should have started at 9.98 rising up.
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RIOT Gann Fan Moving Averages CrossNASDAQ:RIOT
Impressive chart history. Made this Gann Fan which is worth zooming in on to see the different lines it touches when at a high and zones it enters of consolidations. In addition made some trend lines to help point toward direction I see this stock moving. Moving averages look good. Going to go through what I see there as we are going to see the cross of 50 day moving average and 200 day moving average.
First trend line goes back to 2011 when we see the stock was 160. Looking at this line you can see the consolidation around this area before going down to new lows. This trend marks an important part of chart history as you can really make new high ranges beyond the point of 160 area. I use this important line to mark the potential to touch this line on a high.
Next Trend is great. 2015 is when you have 50 day moving average cross the 200 day moving average on a downward trend to go to new lows, which is a great starting point of the trend line. Connected this trend line to the top of each high at 2017 and 2021. This showed some improvement in what you can expect from this stock, to go and touch that trend line.
"Star" shows the area I am looking for in this stock. The trend lines show great connection and really points to what to look at when reaching this area. "Star" works so good as you can see the touch points on each line as well, which really just worked in our favor to show us what can happen. Watch for the "Star"
50 day moving average is black.
100 day moving average is purple.
200 day moving average is blue.
Moving averages on this stock show recently that the 50 day moving average recently crosses the 100 day moving average, which is bullish direction. Next looking for 50 day moving average to cross 200 moving average, which is very bullish. The momentum and volatility can pick up and start really moving like we have seen before. Zoom in to get a better look.
The range in the Gann Fan where the "Star" is, can be good to look at. This range is an important range which has seen consolidation before and I see this stock getting back there.
NASDAQ:RIOT COINBASE:BTCUSD
$RIOT / 1H ChartNASDAQ:RIOT in hourly frames,
Expanding triangle as Minute degree wave ((b))
Ending contracting diagonal as the same degree wave ((c)
With respect to these Elliott patterns on the chart, a final decline in the fifth wave of a possible diagonal as wave ((c)) will coming soon!
The Fibonacci Target : 9.02
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It may look dire, - but "if it was easy - everyone would do itMultiple indicators confirm that this is a short term bottom - capitulation. "blood on the streets"
I was hoping for a correction so i could pick up - i did - and it kept going down :D
With average -9% in my portofio, this is about sitting and waiting game, for the inevitable tide to turn.
This is my idea, - backed by indicators highlighting significant oversold momentum, suppressing the price. I expect this to pivot in the days, weeks to come to bank double digits upside.
Happy New Year 2025. See you Moon-side!
RIOT correction over or another low?My previous target under $10 never hit so still speculative of if the correction is over. My primary count has the correction over and C was not as long as I'd expected. My alt count has C just starting with a flat for W-B. It really just depends on if Dec 5th - 10th was 3 waves or 5 waves with a pretty short wave 4.
Either looking at the 12.1 - gap close around 11.8 or down to under 10, will depend on the structure as it comes down. Just not planning on catching a falling knife if a W-3 of C starts! Open to either, but end plan still the same!
$RIOT / 15m chartNASDAQ:RIOT in minute time frames,
An ending diagonal as Minute degree wave (c) decline looks well possible for now!
I just wanted to depict it as an alternate artistic idea!! HAPPY NEW YEAR!
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