Riot This could
Be attempting to breakout here. Needs to hold support above 38.28. Very volatile, but a big move could be on the horizon… keep a close eye on RIOt as we breach the resistance of 38$ again, potentially holding support above and back testing for the first time. If we do lose support for this 38$ region, it could be another fakeout so tread cautiously however it is looking like a strong set up
Resiatnce above is marked. Target is 51$ however we Wil run until a few key areas if we do get this breakout along the way
1RIOT trade ideas
RIOT. blockchain stock. looks ready to run.RIOT just has to clear a little bit higher then it will likely be a runaway train.
Take a look at MARA. You can see it has a really similar price story, and it is tilted slightly more upward. MARA was the definite winner between the two stocks at this stage, however, it looks like both have support from the bull community.
GOOD OPPORTUNITY ON RIOT IN THE SHORT TERMRiot Blockchain, Inc. is a Bitcoin mining company, supporting the Bitcoin blockchain through rapidly expanding large-scale mining in the United States.
This asset is directly related to the Bitcoin price trend. At the same time, it offers less risk than the cryptocurrency market.
The trend seems to want to reverse its trend in the short term. Great scenario for different investment strategies. Operations with different interesting risk-return ratios.
Bullish on $RIOT after 9/3 earningsBroke out of descending resistance, but held historic support line. Very simple but bullish pattern, has proved buying pressure at supply zone and denied downward trend. BTC price action and upcoming earnings should prove to be a worthy catalyst for a run toward $48, at 0.5 retracement of it's initial rally.
Riot Blockchain Bounces at the 200-day SMACryptocurrencies like Bitcoin and Ethereum are climbing. Meanwhile, related equities like Riot Blockchain have barely moved.
The main feature on this chart is the rising 200-day simple moving average (SMA) – perhaps the most popular long-term trend indicator. RIOT touched that line yesterday and is bouncing today.
Next, notice how the 50-day SMA has come down to approach the 200-day SMA, but never crossed below it.
Third, consider how RIOT’s 8- exponential moving average (EMA) has remained above its 21-day EMA.
Finally, notice how stochastics recently hit an oversold level.
Overall, RIOT is a volatile and fast-moving stock. However, fluctuations have calmed in the last three months and prices are now tightening into a range at a key long-term support line. (The shares have also barely moved in the last month, relative to Bitcoin’s surge.) It could offer equity investors a means to participate in the cryptocurrency markets.
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$RIOT Analysis & Key levels$RIOT Key levels
I have WAY too many positions to be able to update on … So I’m just going to start posting the most recent support levels…
Red = Key levels
Green = resistance
Blue = trendiness
If you’re holding ONLY add at key levels. It is never wise to catch a falling knife without a plan.
Here I’m keeping an eye on that blue trendline that is just a little below here…
riot w3 swingfollow up post to my last prediction (view it at the bottom of this text)
catch riot at $29, and ride it all the way up to $69
could hold it longer if you'd like, to around $200+
my trade though, is a shorter term trade to cash in on this upward volatility.
crypto miners will outperform ever asset class combined in the stonk market
position yourself accordingly ~
There's a riot coming... Short Squeeze on RIOTWith a Short Interest of 26% and an active attempt to squeeze the shorts it looks like RIOT could see a volatile move upwards supported by reasonable fundamentals, Bitcoins recent price action, and technical indicators that suggest a reversal.
Setting up to break out of a descending channel/wedge.
F-Score is a 5 with some indication the books may be cooked so this likely isn't a buy & hold.
Price target & stop loss recommendation put this at a 6:1 risk to reward ratio.
Timeline is days to weeks. Watch for a position Monday morning around 10:30am.
Bullish CypherI see conflicting dates on when the Earning announcement is due. ON here it says today. On Earnings Whisper is says the 16th of this month AMC. Some sites say not confirmed.
Riot is moving and has just about met targets 1.
Cypher is recognizable by peak 2 being higher than peak 1. The last leg should land close to the 0.786 of XC. Possible stop under D or last pivot low.
No recommendation
$RIOT Target 45.70 for 51.27% $RIOT Target 45.70 for 51.27%
Or next add at 30.47
We've gotta push through the resistance here... Let's go...
I did not add here...
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
ONLY ADD at support levels & FIB levels… labeled
I start every position with .5 - 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.