RIOT trade ideas
ZIM will popZIM appears primed for a potential reversal to the upside. In this analysis, Iโll walk through the technical confluence behind this bullish viewโwhile also outlining key levels to watch and a risk management approach. Always remember this commentary is for educational purposes only and not financial advice.
I've got 4 reasons why this is primen to go this way
1. Bollinger Bands and Moving Averages
โข The price has been hovering near the lower Bollinger Band in recent sessions. Typically, when price consolidates or bounces near the lower band and begins to move upwards, it can signal a short-term momentum shift.
โข A key moving average (or a short-term exponential moving average) is starting to flatten out or slope upward, indicating that selling pressure may be easing.
2. Momentum Oscillators (Stochastics / RSI)
โข From the chart, my proprietary indicator (combining DM Reversals & an enhanced Stoch) suggests a bottoming process. The Stochastics appear to be crossing from oversold levels, often an early sign of bullish momentum.
โข If this crossover completes convincinglyโaccompanied by a higher low on the oscillatorโit adds weight to a possible trend change.
3. Proprietary Buy/Sell Signals
โข The screenshots show multiple (historical) Buy signals triggered around similar conditions, which eventually led to short-term rallies.
โข The current read from the system suggests the conditions for a new Buy signal or bullish reversal are aligning again. These signals combine volatility (Bollinger Band settings), moving averages, and momentum crosses.
4. Support and Resistance Zones
โข Immediate Support: Watch the most recent swing low near the lower Bollinger Band. If price holds above that level, it reaffirms the bullish divergence from the oscillators.
โข Resistance Targets: Potential short-term resistance near the mid Bollinger Band and a more significant ceiling around the 50-day moving average (if thatโs visible on your chart). A breakout above these zones would confirm the bullish scenario and could fuel further upside.
Rationale for Upside Bias
1. Momentum Shift:
โข The proprietary indicator signals historically correlate well with local bottoms, and the Stoch oscillator is rising from an oversold area.
2. Reduced Volatility:
โข Bollinger Bands sometimes compress before a bigger move. We appear to be near the low volatility phase, hinting at a potential breakout.
3. Favourable Risk/Reward:
โข Placing stops below key support keeps risk contained while upside potential extends to multiple resistance layers.
$RIOT / 4H ChartNASDAQ:RIOT in hourly time frames,
It's expected decline in impulsive Minute degree wave ((c)) should continue towards the fib target around 10. The next target is 9.02
#BitcoinMining #RIOT #Bitcoin #CryptoCurrency #Crypto
#ElliottWave #WaveAnalysis #ChartPattern #TrendAnalysis #ElliottChart
Time for the post election $RIOTKey Stats:
Market Cap: $4.32B
P/E Ratio: 42.23
Employee Growth (YoY): +45%
Next Earnings Date: March 12, 2025
Top 3 Technical Reasons RIOT Will Go Up:
Bullish Flag Breakout: RIOT just broke out of a textbook bullish flag pattern on the daily chart, signalling a continuation to the upside.
Strong Support at $12.50: Itโs bounced off this level multiple times, showing buyers are stepping in aggressively.
RSI Momentum: RSI is climbing but hasnโt hit overbought yet, leaving plenty of room for upside.
Top 3 Fundamental Reasons RIOT Will Go Up:
Bitcoin Resurgence: BTC is back above $100,000, and RIOTโs revenue directly benefits from higher mining profitability.
Institutional Interest: Recent filings show increased holdings by major funds, signalling confidence in the sector.
Infrastructure Growth: RIOTโs expanded mining operations and improved energy efficiency position it to capitalize on the next BTC bull run.
Potential Paths to Profit:
Option 1 (Lowest Risk): Buy shares outright and hold until the $15.86 target.
Option 2 (Moderate Risk): Buy $15 calls expiring in May 2025.
Disclaimer: We are not a brokerage or investment firm. We do not offer financial advice or investment advice and/or signals. This is not certified financial education. We offer access to the daily thought process of an individual and his experiences. We do not offer refunds. All sales are final.
Itโs time to pump hardEnough time has passed in this inverse head and shoulder, and the spring is coiled for a nasty inverse right leg, which puts the price into the middle of the bull fib channel.
I think itโs notable that a crypto miner decides to raise in order to buy $500M worth of BTC on the open market, while at the same time rapidly expanding their own fleet of miners. It seems like too contradictory missions. Almost an admission that Saylor is correct, but think about the ramification. Obviously, RIOT is not going to sell BTC anymore if they are buying it in the open market as part of their new business strategy.
Bitcoin, all of a sudden, is not for sale. Thatโs what this signals to me.
riot chart looks good for a 10x long hereSupport and Resistance:
The stock is holding well above a critical support level, indicating strong buying interest at current prices.
A key resistance level is within reach, and a breakout above it could confirm the next leg higher.
Trend and Moving Averages:
RIOT is trading in an upward trend, characterized by a series of higher highs and higher lows.
Moving averages are aligned favorably, with shorter-term averages rising above longer-term ones, signaling strength.
Volume:
Increasing volume on green days reflects strong accumulation, adding confidence to the bullish setup.
Indicators:
RSI is trending upward but still in a healthy range, indicating the stock has room to move higher without being overbought.
MACD has recently shown a bullish crossover, highlighting growing momentum in the stockโs favor.
Breakout Potential:
The stock is approaching a breakout zone, and a move above resistance could lead to a strong rally. Conversely, holding above support will maintain the bullish outlook.
Diamond pattern, MACD and rising volume confluenceNASDAQ:RIOT
In my opinion, one of the strongest trading patterns, which the price broke in the right place. MACD made a bullish crossover and the volume is increasing. The company is related to crypto, so I think that if the BTC trend continues, RIOT will not decline. Since this is a monthly chart, I do not expect a jump overnight. I am in position.
RIOT - Dec 24 BTCUSD100K Part1BTC100K Plan
- Part 1: Once BTCUSD hits 100K, the plan focuses on purchasing crypto miners CLSK and RIOT. These two stocks showed a significant price gap between their current levels and the previous highs during BTCUSDโs last attempt at 100K.
- Part 2: After the crypto miners peak and start to capitulate, the strategy transitions to shorting Bitcoin treasury companies with weak fundamentals, capitalizing on their predictable pullback.
BTCUSD finally broke past 100K this morning.
- I started placing overnight orders for CLSK and RIOT in anticipation of a market opening spike as liquidity flows in. I used ADR% from the entry price to calculate the risk for CLSK and RIOT.
- I have pegged additional +1R risk for unknown variables
RIOT Descending Channel BreakoutTypically in the bitcoin world, descending channels break to the upside. This is because, since its inception, bitcoin has moved upwards in price. And most other assets in the space move in tandem. Obviously there are no guarantees and we can only predict price targets based on what things have done historically, so we shall see.
Riot Platforms, Inc. | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# Riot Platforms, Inc.
- Triangle 1&2 | Uptrend Bias
- HH&HL | Measurement Template Inflicted
- Retracement 1&2 | Center Low & High
- ABC Impulsive Wave | Hypothesis Wave Inflicted
Active Sessions On Relevant Range & Elemented Probabilities;
London(Upwards) - NYC(Downwards)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Neutral
RIOT Bitcoin Miner Ready to Rock and RollRIOT Platforms has been crafting a remarkable inverse head and shoulders pattern that has taken several years to develop. With our linear projection, weโre eyeing a target of $92, and given the current momentum of the Bitcoin bull market, breaking through the $100 mark seems very achievable. I've also added a linear projection for your reference below!
Riot next BTC halving to bull run road map
I already provided RIOT analysis โฐ successfully top ๐ & correction completed ๐
Unfortunately ๐ฌ my 2 posts got disconnected against trading view rules ๐
Again making complete analysis for next bull run ๐
Before entering pls #DYOR
Below this post I will update you everything ๐
So just follow and share post and save it by boosting ๐ it ๐
So if I updated anything in this macro correction or exit or crucial things u get updated ๐
Let's get started ๐
๐งต๐
1 ๐
Next halving 25TH APR 2024
expecting price $28-35 RIOT
2 ๐
2025 jan-march range expecting bull run top ๐ target ๐ฏ๐ฏ
Then money ๐ฐ flow back to
BTCUSD
to final top ๐
.
3 ๐
Present support zones ๐ ( BUY / ACCUMULATION )
$12-11.5 ( 20-30% ๐ฐ )
$7.25-8.6 ( 40-50% ๐ฐ )
Worst case ๐ $5-6 #imo not possible ๐
Stop ๐ lose #SL :: month close below $5
.
4 ๐
Resistance ๐คฅ ( selling / exit )
Before going sell learn ๐ about PRINCIPAL TRADE concept ๐
It's nothing but removing your liquid or seeing your liquid ๐ฐ at that target or zone ๐
Only holding #profit either to rotate nor to be safe in this risk assets ๐
Principal trade target ๐ฏ
$25-35 ( expecting halving time )
Profit sell :: $52-84 ( even more possible but that time I will update you here )
Always be in a plan ๐ keep mind ๐ง with minimum target ๐
Then ur emotions won't get hurt ๐ค
โค๏ธโ๐ฅ