Short $RIOT CMP $17.21Short $RIOT CMP $17.21. Bear flag. MACD turned bearish. 9 SMA rejection. This one tried to break above 50 SMA but failed.
Short Target 1 is $13 area
RIOT trade ideas
RIOT bullish falling wedge!As many of my followers know, I am typically not one to talk about stocks (as my username indicates, I largely talk about cryptocurrencies). However, I do typically make exceptions when the stocks deal with crypto and/or blockchain.
In this example, I want to call out the falling wedge that has occurred with RIOT blockchain. Since the all-time high (ATH) at the beginning of 2021, the price has falling over 85% to the bottom of what looks to be a falling wedge that is forming, which is often a bullish sign. This bullish trend looks further confirmed by MACD forming a nice "reversal" divergence (dotted white lines on price and MACD) indicating that a reversal very well might be in order soon.
There is still some downward potential however, and the general market for both stocks and BTC could easily drag the price of RIOT further down, however, the trend for now looks like a reversal is at least possible for RIOT.
But as always, this is just my opinion and in no way should be taken as financial advice. However, please like or comment if you agree or see anything in addition.
RIOT ShortRIOT is heading to 10 levels, brace yourself, you may be see and uptck for a possible short entry
RIOT Calls *Not Financial Advice* *All Speculation*Looking to buy Call options for RIOT. Depending on how BTC reacts to 38000 resistance level will be the determing factor to if I buy these call options. If we see a break at 38000 then RIOT will more then likely trade down to $10 a share, this is where im looking to buy in. However if we see a reversal at 38000 then RIOT will likely trade into 11.5-12 zone. If we dont see a reversal at 38000 then im speculating market will retest at 36000. The exact play im looking at is a RIOT 11.5 Call Expiring May 6. Entry zone is $10 area and Exit Zone is 11.5-12 area.
RSI Signalling Riot Blockchain Oversold. Earnings Incoming!> Riot Blockchain has been dragged down by the greater tech market sell off. Bitcoin is still holding up. Considering the correlation Riot has to Bitcoin's price, this provides upwards momentum.
> The Nasdaq is falling into daily and weekly Oversold RSI levels. This increases the likely hood of a bounce in equities, suggesting upward momentum in Riot. Earning season is in full swing with many earning releases due in May, including Riot's May 16th release. Fingers crossed that aggressive expansion plans will not damage their earning results too starkly.
> Still awaiting the Crypto Miner FOMO. Likely to repeat when Wall Street and Retail, look for the highest return potential.
>>> Market thoughts:
> Check out "Game of Trades" on YouTube for some interesting market takes. Especially promising charts and correlations to consider in your Market outlook.
> 2 year bond yield looks like it topping, signalling return to SOME risk taking.
Riot Blockchain solidified support for a move to the Upside.Riot Blockchain has been overlooked over the last few months. As Clearly seen on the chart, the correlation to Bitcoin's movements is closely correlated.
> I Believe that an ascending support line, has been tested multiple times by both Riot Blockchain and Bitcoin .
> With significant momentum driven by earnings season. Earning season is providing significant upside potential for all equities, especially in the Tech Space.
> Combined with Bitcoin's Recent strong upwards momentum, from yet another confirmation of strong support.
> We are likely to see a rapid rise in the price of Riot over the next few weeks. I think this is an ideal range to DCA, at the lowest risk level we have seen Riot Blockchain range in for a significant time.
1) Be greedy when others are fearful.
2) If you believe in a Companies business and promising future outlook. Don't let a discount be the reason NOT the DCA in lower. Especially in a stock you believe will be significantly higher in the long term.
3) Riot's fundamentals are one, if not the strongest in the mining business. With huge mining capacity coming online over the next few months.
>>> Eyes on the Medium to Long Term Chaps <<<
Just one Long term focused Investor/Traders Opinion, not financial advice.
Ticker symbol RIOT short-term analysisWe have seen this stock move between the different fib retracements for a while, as bitcoin. Hence it is time for this stock to make a decision.
This is the tea.
If the FED provides us with good information at the next meeting. Then we can see a big bounce.
But don´t get your hopes up.
Be on the watch for a BIG downside move as it is very likely that the FED can bring up some BAD news, as always.
blocchains are going to cause a RIOTthis thing has some legs on it, i think the retrace continues down to sub $10 and then we rage again. New ATH potentially
$RIOT Descending Wedge$RIOT Descending Wedge -- play the break up or down. Can't imagine this would break down further than it has been beaten down already. Would rather play the upside if market can turn bullish.
$RIOT Potential 200%+ BangerCrypto miners caught a bid Wednesday following Bidens Executive Order on cryptocurrencies.
I expect this bid will continue over the next few days.
To play this move I'm looking to buy any weakness in Riot Blockchain on Thursdays open.
Currently eyeing March 18th $17 strike calls.
Would like to pick up as close to $1 as possible.
Will be targeting $20 in 2-3 days.
If this plays out by Monday, I expect the call to approach $3/ea.
Ugly Chart but it gets point across Ugly Chart but gets point across - 16.75 ST Target, I see this by tomorrow, if we break that then 18 is next zone
make or break it line on riot blockchain, neutral 🦉RIOT broke that downtrend channel but its not looking too strong imo.
if we bounce here my targets 19.08-20.83, if we break back below trend resistance then target 14.69-11.62-8.55. like and follow for more! 💘
RIOT (SHORT)RIOT is setting itself up for a nice short
-ABC pattern projected fib extensions
-multiple rejections of fib 1.236 and 1.618 levels
Possible targets: 13 to 15 zone
As this could turn into a trading range with that as the upper limit of the range.
Bears will want to Riot after this moveDon't let the emotional rants on Reddit, Stocktwits and other mediums cloud your objective analysis - many say sell sell sell and are looking at tick charts on some amateur (I just started trading during covid and never saw a down market and call myself a trader) garbage...On that note, here's my objective view and price target within the next few weeks ($25-$26)
Riot 200 hourly EMA at 18.80. With Btc pushing it’s allowing riot to setup. Support is holding at 17.10ish. Rising 21 on hourly. I’d long this bitch stops at 16.50. Or wait for a pop if daily 200ema. Current resiatnce 17.70 for potential bullflag
Squeezing between 21 and 200 hourly. Move should be coming soon
the dip continues⍼ riot continues to get rejected at top trendline resistance, looking for a long entry if it manages to break above it. The bears will continue to win until that happens though. Bearish for now.
like and follow for more! 💘
$RIOT reaching December 2020 levelSince the turn of the year, everything has been dropping heavily in the wake of inflation, rates and worries of WWIII. RIOT reached levels it has not seen since late 2020.
Comparing to BTC price.
$RIOT Trade update$RIOT Trade update
RIOT averaged down today. New average 17.61
New sell target 23.95 for 36%
Add targets in the red and I have open orders at all of them.
GL, y’all
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I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence.
I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can. (If I have time)
Have fun, y’all!!
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RIOT, short term SHORT, long term BULLISHRIOT completing Wave-C of Wave-4 and then, will complete Wave-5, so, long term bullish.
