RIOT’s weekly RSI is overbought but can stay like this for many months as price continues upwards, just look at IREN!
Elliot wave (II) completed at the golden pocket. Price is finding minor consolidation at the wave (I) High Volume Node but is expected to break through with current price action and accelerate to $40, the High Volume Node and R5 weekly Pivot. Momentum is in control. Wave (III) has a minimum target of $50, per Fibonacci extension rules.
Safe trading
Elliot wave (II) completed at the golden pocket. Price is finding minor consolidation at the wave (I) High Volume Node but is expected to break through with current price action and accelerate to $40, the High Volume Node and R5 weekly Pivot. Momentum is in control. Wave (III) has a minimum target of $50, per Fibonacci extension rules.
Safe trading
PhD Candidate: Investing, Sentiment & Social Mood
MSc Financial Econ
Technical Analyst 7 years
Trader / Investor 14 years
DeTrended Metrics Report (Free): detrended.substack.com
Members Only Trading Signals: tradesignals.substack.com
MSc Financial Econ
Technical Analyst 7 years
Trader / Investor 14 years
DeTrended Metrics Report (Free): detrended.substack.com
Members Only Trading Signals: tradesignals.substack.com
Publicaciones relacionadas
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.
PhD Candidate: Investing, Sentiment & Social Mood
MSc Financial Econ
Technical Analyst 7 years
Trader / Investor 14 years
DeTrended Metrics Report (Free): detrended.substack.com
Members Only Trading Signals: tradesignals.substack.com
MSc Financial Econ
Technical Analyst 7 years
Trader / Investor 14 years
DeTrended Metrics Report (Free): detrended.substack.com
Members Only Trading Signals: tradesignals.substack.com
Publicaciones relacionadas
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.