According to the prior analysis, 
RIOT surged 12% intraday in an impulsive rise, closing with a 7.7% gain above the August consolidation zone — further reinforcing the outlook for continued upside in Minor Wave 5 of the leading diagonal, unfolding as the final advance of Intermediate Wave (1).
📈🎬 >> This price action adds conviction to the bullish scenario, indicating that the structure is maturing and approaching completion of the projected initial leg within a Primary degree uptrend. A surge above 15.34 would mark the completion of the leading diagonal in Intermediate Wave (1), potentially confirming the onset of a broader bullish uptrend.
🎯The projected advance for Minor Wave 5 stands at 72%, based on current technical analysis.
📉🎬 >> Upon completion of Minor Wave 5, the leading diagonal pattern will be firmly established as a potentially bullish structure, setting the stage for a corrective retracement in Intermediate Wave (2).
#CryptoStocks #RIOT #BTCMining #Bitcoin #BitcoinMining #BTCUSD
RIOT surged 12% intraday in an impulsive rise, closing with a 7.7% gain above the August consolidation zone — further reinforcing the outlook for continued upside in Minor Wave 5 of the leading diagonal, unfolding as the final advance of Intermediate Wave (1).📈🎬 >> This price action adds conviction to the bullish scenario, indicating that the structure is maturing and approaching completion of the projected initial leg within a Primary degree uptrend. A surge above 15.34 would mark the completion of the leading diagonal in Intermediate Wave (1), potentially confirming the onset of a broader bullish uptrend.
🎯The projected advance for Minor Wave 5 stands at 72%, based on current technical analysis.
📉🎬 >> Upon completion of Minor Wave 5, the leading diagonal pattern will be firmly established as a potentially bullish structure, setting the stage for a corrective retracement in Intermediate Wave (2).
#CryptoStocks #RIOT #BTCMining #Bitcoin #BitcoinMining #BTCUSD
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Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.