RIOT/MARAHi, I concatenate Riot and Mara charts, and find the price is near the bottom of the Fibonacci channel most likely heading upwards. Riot is the better chart. Riot and mara charts are not the same. Riot is in clear fib channel, and mara is Adam and Eve formation. There are many other differences and advantages to riot as well. Riot priced in BTC has clear structure, and none of the other miners do. Not cipher. None of them. Riot has clear targets in sats.
RIOT trade ideas
RIOT Stock Chart Fibonacci Analysis 082723 Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 10.1/61.80%
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 : C
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) 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 provide 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 Long term price prediction.Monthly charts and the RSI needs to have a turn around to have any momentum up in the near future. I expect a strong September depending on global economic conditions. Trading in correlation and tagging along with BTC, I have illustrated the 3 cycles and drew a trendline for my prediction for the new ATH at cycles end. Long term options for 1/17/25 $86. Enjoy the ride.
I Predict A RIOTRiot Platforms NASDAQ:RIOT
- Above 200 day SMA & sloping upwards
- Ascending parallel price channel .
- Break of OBV resistance levels have been positive
- We have just broken above the Feb 2021 OBV high
New entries into this trade would be better waiting for a re-test of the bottom of the channel with a stop placed beneath it.
As we are breaking out of the OBV high, you could enter a trade here but with a tight stop loss at $18.30. Probably not worth it IMO. Better to wait or look at the other smaller miners.
I previously covered CIPHER Mining NASDAQ:CIFR and Marathon Digital Holdings NASDAQ:MARA both of which at similar junctures, however $CIPHER has had major developments of recent and could rise up to it next resistance at $9.60 fairly quickly over a few months (an 80% + move).
You'll find these charts in my trading view link in my bio. I also cover some fundamentals on Trading view also. They are also in my feed hereunder.
Play it safe
PUKA
RIOT: Approaching a significant support area.RIOT is correcting with the rest of the markets. As crypto market is doing damage control, it is interesting to see how RIO and other mining companies will hold up. Q2 earnings were good and RIOT is many progress on many of their problem areas, but the price will follow the broader markets. Price is however approaching a very strong support area along with .618 retrace of the run since the December bottom. At least a decent bounce can be expected there. if that doesn't hold then the next support area also coincides with the .5 fib retracement. Longer terms it is also creating some sort of a cup and handle pattern, so in either case, I will be watching BTC price action closely to make my next entry. Wave 3 target is high up in the sky, so there is no big rush. Last entry returned about 4x. Next one could be over 10x if things play out the they should...
Is this a good time to buy RIOT ? LONGRIOT has had a downfall in the past month on the 1H chart. The crypto
market had a resurgence and is now in the dog days of crypto summer.
The MACD shows some bullish divergence.
The volume profile shows most of the buying was in the 16-17 range. RIOT
is far below that with relative volume voids in any movement back to that level.
I see this as a long trade setup with 30-40% upside on the stock and much more
in a one or two month call contract. If you would like to know my parameters on
a long stock trade or call options please leave a comment. ( please also see
my BTBT post, like and subscribe).
Riot Platforms has shown an accelerated decline patternRiot Platforms has shown an accelerated decline pattern
This figure shows the weekly candle chart of Riot Platforms' stocks in the past three years. The top to bottom golden section at the beginning of 2021 is superimposed in the figure. As shown in the figure, the stock of Riot Platforms has shown an accelerated decline pattern in the past three weeks, and is about to challenge the bullish starting point in June 2023! From the double bottom pattern at the end of June 2022 and the beginning of 2023 to the overall pattern of the three small bands of upward trend, there are still new highs in the future, but the space above is limited!
Riot July 1st weekend candle recap 2023Pls #dyor 🙏 #nfa
This analysis is just recap to my old signals 2 post's if u have not checked pls ✅ check in tag of this article below
I provided successfully 45% profit so far 🔥
As per 1st analysis it was broken parallel channel and good 👍 close
As per 2nd analysis wave pattern the best it was leading and near to 1st target 📌
1st of all we need to know it's going with btc price % action
Some times with #btc good move some time it's moving btc price
The previous weekend candle July 3rd 2023 started good closed 🔐 too good 👍 in post market it almost reached $16
I think 🤔 there will be a good correction 😉
Before reaching above $17
I am expecting correction range $12-14.2
note 📌 if u are investor just bid at good prices come back after year 😂 bcs u can see green ⬆️💚 candle as u need 📌 if u predict that
If u long term person but getting ur heart ❤️ up and down 📌 👎 u ar not investor's turn as trader
It's tough job not 🚫 as PPL thinking millionaires
Our life will lead top 🔝 if our time and work was good 👍
If our work good my fate is bad it helps other
I experienced every bit of pressure 📍 now became professional trader 😉
RIOT | InformativeNASDAQ:RIOT
If the price of RIOT breaks above the bullish line of 20.60, it may indicate a bullish signal, suggesting potential upward price movement. In this scenario, the target prices could be set at 22.45, 25.70, and 28.40.
Conversely, if the price of RIOT breaks below the bearish line of 19.15, it may suggest a bearish signal, implying potential downward price movement. In this case, the target prices could be set at 17.59, 16.99, 15.75, and 11.86.
*I'm slightly bearish based on the daily candlestick.
RIOT - Rising Trend Channel [MID -TERM]🔹POSITIVE signals inverse head and shoulders formation with resistance breakout at 14.72 and potential next resistance at 24.50.
🔹RSI curve shows rising trend to supporting POSTIIVE trend.
🔹RSI above 70 indicates strong short-term POSITIVE momentum.
🔹Technically POSITIVE for the medium long term.
Chart Pattern:
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
RIOT - uptrend underway (painstakingly but surely)RIOT formed an Adam and Eve base formation and began to break out of its first neckline @7.80 on 17 March. We then saw a classic "breakup and retest (of neckline) several days later before it began to propel on strong volume to break decisively above its 2nd neckline @10.50.
Alas, just when we thought it was on its way to the moon after hitting high of 14.43 on 18 April (almost doubling from its first neckline@ 7.80), it then went into a messy and violent wedge consolidation for the next 2.5 months ("death by a thousand cuts"! LOL).
Finally on 3rd July, it broke out of this wedge decisively and today (3 days later) we have another clear break above its last significant high @ 14.43. The stock is clearly in a rising trend now (and likely more small cap stocks will follow suit in the coming months).
Stops raised to just under 12.60 now.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is (probably the most) important! Take care and Good Luck!
RIOT possible breakout over the next couple weeksRIOT has been setting up and consolidating in these red channels for quite a while, and this recent upwards channel leads me to believe that we'll be seeing some significantly volatile moves over the next couple weeks. $15-17 is my short term estimate, possibly $20 by the end of the month.