RIOT sideways movement.The exchange rate is based on a triple-wave stranding movement. The bottom support of the wave structure, a "valley axis" can be added. These types of axles have strong support for small ATR movement in exchange rate movements. We can imagine the complete swaying movement in the area bounded by the rectangle shown in the figure. From then on, the rectangular branch of the rectangle can be raised upwards and a stronger gain can be started. The upward movement requires that the d1 ATR axis (purple line) be crossed. The target price for rising motion is 19 usd level environments.
RIOT trade ideas
Blockchain stocks are out of controlRIOT Blockchain just announced the beta development its own private Bitcoin Mining Pool.
Riot Blockchain is focused on building, supporting, and operating Blockchain technologies, primarily through its cryptocurrency mining operations and other internally developed businesses, as well as through potential joint ventures, acquisitions, and targeted investments in the sector.
Today it just came out of the Kumo so there is more upside on the near future.
Possible price target in december $20.
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Someone is Buying RIOT...Clearly following the bitcoin/crypto hype, Riot Blockchain has been diving from a high of around $46. With the real potential for a Bitcoin ETF on the horizon (decision due August 16, led by CBOE) this might have been the bottom for RIOT.
Yesterday, it broke back above the $6.00 mark with huge volume (see candle on chart) which looked like its bottom back at the end of March, and it seems like it retested it this morning. With bitcoin on the rise and blockchain adoption articles left and right (google any of the following with 'blockchain': Mastercard, Amex, Bank of america, etc.); it might be time RIOT makes a comeback. I'm looking for short term targets just under the $10.00 mark (~60%), and longer term around $15.00 (~140%).
Not investment advice, DYOR, and good luck trading.
Let's cause a $RIOTHigh risk, high reward.
I am super bullish on Bitcoin; therefore I am super bullish on $RIOT. Now, let's cause one. Everyone says to short and that it's a scam. I only listen to the energy in the charts. The energy says that something is about to move. Call me crazy, but I'm in for the ride.
"Go out on the weekends, I barely. Peace & Prosperity." - bryson t.
RIOT 87% Opportunity Over 6 DaysTheir business is the blockchain. A similar amount of volatility over the last 3 months as the lesser known alt-coins. You could basically swap out the charts and you wouldn't notice a difference, hence the big upside. Unlike AMD, SQ or OSTK, RIOT is all crypto, they have no other business to fall back on. As such, it is a fair alternative, both in terms of risk and reward, to many of the altcoins.