RIOT Platforms is showing an interesting setup right now. While the broader crypto mining sector has already seen strong moves higher, RIOT is still trading at a relative discount compared to peers like Iris Energy (IREN).
Key Points:
Relative Valuation Gap: IREN and other Bitcoin miners have rallied strongly in recent weeks, yet RIOT has lagged behind. Historically, these names tend to move in cycles together, and RIOT often plays catch-up when the spread gets too wide.
Strong Fundamentals: RIOT continues to expand its hash rate and energy efficiency, positioning itself as one of the top U.S.-based miners. With Bitcoin consolidating above key levels, miners with scale like RIOT stand to benefit disproportionately.
Technical Setup: On the chart, RIOT is building a base with higher lows, showing accumulation. A breakout above recent resistance could trigger momentum buyers and fuel a sharp move higher.
Bullish Outlook:
If Bitcoin maintains its strength and the miner sector rotation continues, RIOT has plenty of room to the upside just to close the gap with peers. Traders looking for lagging plays in the sector may see RIOT as the next mover.
Key Points:
Relative Valuation Gap: IREN and other Bitcoin miners have rallied strongly in recent weeks, yet RIOT has lagged behind. Historically, these names tend to move in cycles together, and RIOT often plays catch-up when the spread gets too wide.
Strong Fundamentals: RIOT continues to expand its hash rate and energy efficiency, positioning itself as one of the top U.S.-based miners. With Bitcoin consolidating above key levels, miners with scale like RIOT stand to benefit disproportionately.
Technical Setup: On the chart, RIOT is building a base with higher lows, showing accumulation. A breakout above recent resistance could trigger momentum buyers and fuel a sharp move higher.
Bullish Outlook:
If Bitcoin maintains its strength and the miner sector rotation continues, RIOT has plenty of room to the upside just to close the gap with peers. Traders looking for lagging plays in the sector may see RIOT as the next mover.
Private SIGNALS patreon.com/PremiumOptionsSignals
Trading COURSE bit.ly/tradex
RESULTS bit.ly/TG10x
TradeNation bit.ly/t10X
CRYPTO partner.bybit.com/b/37880
BUY-SELL INDICATORS tradingindicators.store/
Trading COURSE bit.ly/tradex
RESULTS bit.ly/TG10x
TradeNation bit.ly/t10X
CRYPTO partner.bybit.com/b/37880
BUY-SELL INDICATORS tradingindicators.store/
Related publications
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.
Private SIGNALS patreon.com/PremiumOptionsSignals
Trading COURSE bit.ly/tradex
RESULTS bit.ly/TG10x
TradeNation bit.ly/t10X
CRYPTO partner.bybit.com/b/37880
BUY-SELL INDICATORS tradingindicators.store/
Trading COURSE bit.ly/tradex
RESULTS bit.ly/TG10x
TradeNation bit.ly/t10X
CRYPTO partner.bybit.com/b/37880
BUY-SELL INDICATORS tradingindicators.store/
Related publications
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.