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Riot Platforms, Inc.

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RIOT trade ideas

$RIOT - can it hold on to that support?NASDAQ:RIOT is sitting on a support. It's trading below the 200-day moving average now. If current support fails, it can drop to $7.77. Breaking below highlighted basing area was a bit worrisome. Looks like there is a small bullish divergence in MACD and RSI. The bullish divergence in MACD and RSI is a positive sign. This suggests that there is some buying pressure at the current level. However, it is too early to say whether this divergence will lead to a trend reversal. Follow me for charts and technicals.
NASDAQ:RIOT
by PaperBozz
RIOT: coiling for something....RIOT is hanging around .618 retrace area on volume support, hugging POC of the range between $3 and $22. This should be a strong support. A breakdown right now might be an early warning of a big problem. If price grinds lower, I should expect support between $9 and $7.5. But will watch for a strong bounce before going in again. Right now there are bullish divergences in RSI up to Daily time frame, so should expect some kind of a bounce very soon.This moves with BTC, so, a pump in BTC price would certainly inflate RIOT. Still long in RIOT but getting very close to getting stopped out...
NASDAQ:RIOT
by mukit1
6
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.
NASDAQ:RIOT
by fibonacci6180
1
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
NASDAQ:RIOT
by PukaCharts
2
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...
NASDAQ:RIOT
by mukit1
4
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).
NASDAQ:RIOTLong
by AwesomeAvani
5
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!
NASDAQ:RIOT
by Think_More