RIOT has retraced up by 7.46% in total, which may be considered the 4th wave of wave A, in which five overlapping waves seem to be expanding down. Wave Analysis >> The rising leading diagonal in wave (1) ended with a diagonal as its 5th wave inside at 10.86. Its correction in the same-degree wave (2) is underway toward the origin of the ending diagonal >> 7.93.
Trend Analysis >> The trend turned to correcting down. It might be a relatively deep retracement that will take a few weeks to develop.
The retracement targets >> 8.20 >> 7.93 >> 7.67
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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.