RIOT Is sticking closely to the plan testing the bottom and top of the channel multiple times.Price closing above the weekly 200EMA and weekly pivot Friday will be a very bullish signal. As we have over 4 tests of the upper boundary resistance there is a high probability we break through and continue higher in a high degree wave 3.
Initial targets are the weekly R5 pivot at $39 and all time high at range at $79.
Price tested the .618 Fibonnaci retracement in a complex correction for wave 2.
Analysis is invalidated below the channel support.
Safe trading
MSc Financial Econ
PhD Candidate: Investing & Social Mood
Technical Analyst 7 years
Trader / Investor 14 years
Free DeTrended Metrics Report: maddoxmetrics.substack.com
Members Only Signals: tradesignals.substack.com
PhD Candidate: Investing & Social Mood
Technical Analyst 7 years
Trader / Investor 14 years
Free DeTrended Metrics Report: maddoxmetrics.substack.com
Members Only Signals: tradesignals.substack.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
MSc Financial Econ
PhD Candidate: Investing & Social Mood
Technical Analyst 7 years
Trader / Investor 14 years
Free DeTrended Metrics Report: maddoxmetrics.substack.com
Members Only Signals: tradesignals.substack.com
PhD Candidate: Investing & Social Mood
Technical Analyst 7 years
Trader / Investor 14 years
Free DeTrended Metrics Report: maddoxmetrics.substack.com
Members Only Signals: tradesignals.substack.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.