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 CONTINUES <UCFIW.O> REASON NOT AVAILABLE AT 10:02 AM
Reuters•2026/11/02 15:02
THE PNC FINANCIAL SERVICES GROUP, INC. : UBS CUTS TARGET PRICE TO $278 FROM $286
Reuters•2026/11/02 14:31
CARTER'S, INC. <CRI.N>: UBS CUTS TARGET PRICE TO $33 FROM $38
Reuters•2026/11/02 14:31
CHEVRON CORPORATION <CVX.N>: UBS RAISES TARGET PRICE TO $265 FROM $235
Reuters•2026/11/02 14:31
Crypto prices
More
Bitcoin
BTC
$77,333.2
-0.74%
Ethereum
ETH
$2,268.04
+0.06%
Tether USDt
USDT
$0.9986
-0.00%
BNB
BNB
$701.05
-1.71%
XRP
XRP
$1.25
-0.20%
USDC
USDC
$0.9997
+0.01%
Solana
SOL
$93.16
-1.59%
TRON
TRX
$0.3187
+2.02%
Hyperliquid
HYPE
$85.45
-2.92%
Zcash
ZEC
$1,246.68
+1.01%
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