RIOT Macro analysis | The bigger picture | Long-term holders
By:TradingView
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
RIOT looks stronger than most miners and remained in a bullish structure during the recent downturn. It continues to catch a bid at the weekly 200EMA and golden pocket fibonacci retracement of wave 1, and is now above the weekly pivot. The key $19 resistance remains tough with 5 tests, each test weakening the node and increasing the probability of a breakout. Wave 3 has a minimum target of $40. I am eyeing $80 for the terminal bull run target.
📈 Weekly RSI has hidden bullish divergence and is playing out
👉 Analysis is invalidated if we close below the orange trend-line and weekly 200EMA, back in the range
Safe trading
📈 Weekly RSI has hidden bullish divergence and is playing out
👉 Analysis is invalidated if we close below the orange trend-line and weekly 200EMA, back in the range
Safe trading
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!
You may also like
NASDAQ TRADE HALT <JSPRW.O> TRADING HALTED; FOR INFORMATION REQUESTED BY NASDAQ AT 04:00 PM
Reuters•2026/09/24 20:00
Why are Trump Allies Turning Against Anthropic CEO Dario Amodei?
BeInCrypto•2026/09/24 19:27
Ripple Was First Founded in Canada. Here’s What it Means for XRP Holders
TimesTabloid•2026/09/24 19:03
Why is crypto down today? $92B wiped out as US-Iran tensions rise
AMBCrypto•2026/09/24 18:33
Crypto prices
MoreBitcoin
BTC
$84,351.76
-0.02%
Ethereum
ETH
$2,691.91
+0.63%
Tether USDt
USDT
$0.9995
-0.04%
BNB
BNB
$779.71
+1.61%
XRP
XRP
$1.53
+2.30%
USDC
USDC
$0.9999
+0.01%
Solana
SOL
$117.13
+2.42%
TRON
TRX
$0.3404
+0.08%
Zcash
ZEC
$1,551.87
+2.67%
Hyperliquid
HYPE
$94.39
+1.09%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now