RIOT could roll up past All time High by End Of YearRIOT could roll up past All time High by End Of Year
Not Financial advice just a computer drawing - I should be painting right now.
If the story on these miners can turn to green energy and efficient tech the stock price will rise just on the speculation of a new good idea.
1RIOT trade ideas
NEW POSITION $RIOT Target 46.95 for 49.24% $RIOT Target 46.95 for 49.24%
Or next add level is at 15.97
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
Shorting opportunity next weekRiot entered a bearish trend on April 14 after breaking out of a symmetrical triangle and doesn't look like it's going to break out of this trend next week. There's hard resistance at 26.95$. The last 2 bars are bearish with top wicks and the moving averages crossed over. Sure the RSI is oversold but with 3 failed pushes to the channel resistance and 4 failed pushes to the $26.95 resistance i see this possibly hitting 15$.
My strategy: ATM Put
Entry: $22.50
Stop Loss: $23.30
TP: $20 (I may just trail it depending on bar formation and where it is in the channel)
This isn't financial advice just my opinion
RIOT short term target 25 early next week; medium term 18-22Chart looks almost as terrible as the BTCUSD chart (see reference below) with an intraday H&S formation. Confirmation of this pattern would stick us around the 25 level. With the 200 day offering support around 22-23, and having tested it for a week previously, it seems probable we could descend through it in the next week or two. I would see 18 as the medium term critical support if the 200 day fails.
The optimistic may envision a falling wedge here, but the volume pattern does not support this hypothesis.
Note that also if we should find the path to 25, this could actually form an even larger head-and-shoudlers (shoulder 25, head 29, shoulder 25) - with a downside projection to 21.
RIOT Swing Trade 5/27/2021Look at day chart and week chart, consolidation on the 200 SMA for the day chart and major break out above 9 SMA. Bearish doji and morning star on week chart, also a break in the 27.50 resistance. Price is going to be heavily based on the price of BTC. BTC broke 9 SMA on the daily and nearing break on the 200 SMA, with a MACD flip and a RSI coming back from 30. Double bottom on BTC with higher lows, broke 40k resistance. Great trade! This is not financial advice, I am not advocating the buying or selling of RIOT stock.
STILL BEARISH SHORT $RIOTI initially had some puts on RIOT because it was rejecting off the 200-EMA on the daily chart, which is usually a bearish indicator. I sold my puts at the beginning of the week for decent profits, but I started selling calls on riot instead and its paid a lot more. I think RIOT can go as low as $20, which was my original target, a breakdown of $20 could result in RIOT dropping to $15.
We Have Not Reached the Bottom YetThough cryptocurrency as a whole and its related stocks like MARA and RIOT have been declining by almost 11-15% a day recently, the bottom has not yet been found. Farther we dive, searching towards the end of May for low levels with more support.
As you can see, there is strong resistance ahead with the red line marking each one in time.
When a stock is this bearish, it is necessary to find a real bottom, the lowest absolute price and consolidation before an uptrend, before ever investing in it again. If I was holding, I'd keep holding.
As it is, I'm not yet ready to buy this stock. I'd like to see it fall further, to pre-hype and inflated levels.
The new price target has fallen from $95 to $55. That's like a 50% cut! This could go down to $15...
Good to take into consideration for the time being.
Best of luck and loving peace to all.
RIOT BUY/LONG BIG OPPORTUNITY! 15 to 97 by end 2021! TICKER CODE: RIOT
Company Name: Riot Blockchain, Inc.
Industry: Technology | Software - Application | USA
Position Proposed: BUY
Technical Analysis
1. Flag Pattern (Forming)
2. Fibonacci Retracement at 0.786 ( Silver Zone)
3. 1st Partial Take Profit will be at Fibonacci Expansion Safe Take Profit, Flagpole Length and somewhere near Key Structure Level (Very likely for price rejection/Pullback)
4. 2nd Partial Take Profit would be somewhere near the Next Key Structure Level (The Market will very likely reach this point before having a major rejection again)
Entry: NOW READY (15.00-26.00) - The Market could fall below 26.00 again but very unlikely
1st Partial Take Profit: 97.00 (October - End 2021)
2nd Partial Take Profit: 2.95 (End 2021)
3rd Take Profi: 3.75 (Mid-End 2022)
Note that in the Monthly chart timeframe the market is creating a large inverted Head & Shoulders, as such I will still hold some of this stock on hand. Should the market break beyond 145, the next take profit will be at roughly 200-250 price range.
$RIOTOn Friday, RIOT rejected off of the 200-EMA which is usually a bearish signal. MACD also looks to be in bearish momentum as well.
If riot breaks below $20 then I think it could go as low as $15 until buyers step in. I swung puts over the weekend and will determine what I want to do with my position once the market opens tomorrow.
With cryptocurrency selling off like crazy over the weekend and BTC dropping roughly 25% over the last 4 days, this will also negatively effect the prices of $RIOT and $MARA.