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.
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I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
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.