Get started
Riot Platforms, Inc.Riot Platforms, Inc.Riot Platforms, Inc.

Riot Platforms, Inc.

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Forecast Seasonals Options

RIOT trade ideas

RIOT to rage harder than a Portland protest? We'll soon see!Alright everyone, listen up. Let me preface this by saying one thing - I have absolutely no idea what I'm talking about. But if I've learned one thing so far it's that I need to make the TA work for me. Know what I mean? So let's get jiggy with it. First of all, let's observe: DAILY Now there's a lot going on here, so let me make this real simple for you, and let's go top to bottom. Top orange line = BTC price. Why do we care? Because, this is RIOT blockchain, ya dingus. BTC is ripping and that's a pre-requisite for a good time over at RIOT. Yellow angled line - I drew this bad boy. Why? Because, I liked the way it looked. I like drawing lines to confirm my own bias, we'll see if she breaks through and does a little bounce, or if it zings through so fast we miss our shot altogether. (And probably chase for a loss) See all those curvy colored lines? They're all EMA's. Here's the thing - does it matter which one is which? RIOT is on top of all of them, we like that. Volume was looking spicy today, and I like that little volume average curling up. Now, please, observe with the addition of MACD and RSI indicators: First off, I don't know what these indicators mean. MACD has something to do with momentum, I don't really care all I know is I like that blue is about to slip past orange and that little red guy is looking like he's gassed and ready to pass the ball to the green team. RSI has something to do with volume, I don't know, all I know is when it's over that 70 it could get gassed quicker than Connor McGregor past 3 rounds. That said, there's some room to rock here and she's primed and ready by my estimation. SO NOW WHAT? Well, I have no idea. All I know is it's too easy to over think, so I'm not going to. I found some spots on the 2 hour that look like some soft resistances, maybe we'll rip through tomorrow or the next couple days, or maybe we'll reject. What I do know folks is that we're currently in the zoom zoom zone. What's the zoom zoom zone??? Well, the zoom zoom zone is the zone at which the ticker has less traveled. There hasn't been much activity in this region, so we're likely to be extra spicy if the volume is there. Price moves quick in the zoom zoom zone. Feast your eyes: See those bars on the right? Something about volume in that price zone. Once it gets shallow with some volume these babies peel rubber. Don't take my word for it, use the dang thing, ya turkey. Anyways, if it starts ripping towards 65 tomorrow don't say I didn't tell you so. Also I drew another line at the bottom because the only thing better than a trend line is 2 that form a triangle. Sometimes when stuff breaks out good things happen (or bad, keep your putties handy.) If BTC rips overnight chances are we'll see some action here, some support on these levels, who knows. All I know is, I like the stock.
NASDAQ:RIOTLong
by korbinperry
4
Breakout Imminent. Target: $80Greetings All, RIOT has formed a bullish symmetrical triangle on the daily charts, indicating that it wants to retest resistance around $80 (by the end of May is my estimate). MACD is showing bullish divergence (Indicator forming lower lows, while price is forming higher lows). A break above the trend resistance with strong volume will confirm the breakout. Happy Trading! Disclaimer. My ideas are for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, options and money market funds involve risk of loss.  Loss of principal is possible. Exercise your own due diligence.
NASDAQ:RIOTLong
by chiefwils0n
2
Symmetrical TriangleSymmetrical triangles are consolidation patterns and can also serve as a continuation pattern. Triangles can break up or down. No recommendation A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope. Expectations are that price will turn one way or the other, eventually. It is simmilar to a bollinger band squeeze and will price go one way or the other.
NASDAQ:RIOT
by lauralea
Bullish on RIOT(This is not financial advice) Hey everyone, thought I would make a crypto play considering how well crypto has been doing these past few days and these stocks usually follow the same movements especially on Monday week opens. I am looking for a entry at 45-50 ad I have set up price targets to take profits at on the way up. The reasons I am bullish on RIOT starts with the momentum and big push of crypto over the past few days. We did see a few big gains on this stock throughout the week but we were lucky to see a nice pull back going into the weekend which allows for a bit of a lower entry. The MACD is showing a buy signal and last time it showed a signal like this we saw more then a 20% gain. We are seeing the EMA's and VWAP start to push under showing a bullish signal and we have a strong support at 47 which anywhere around there is a safe and good entry. We seem to be following these fib levels pretty nicely as well so I would use that to look for places to sell off or add to your position. The final thing I was looking at is the pattern we are in right now is very similar to the one we saw last push up this leads me to think that we will do the same thing again. We are also in a uptrend within this pitchfork in the lowest level which shows great room for growth. Thanks for checking out my idea if you agree or disagree be sure to comment and if you like my ideas be sure to like and follow. Thank you! - Vlaire
NASDAQ:RIOTLong
by vlaire