RIOT Macro analysis | The bigger picture | Long-term holders

TradingView2026/05/12 10:42

By:TradingView

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caught a bid at the weekly 200EMA and golden pocket Fibonacci retracement of wave 1, and is now above the weekly pivot, with a new local high showing bulls dominating the trend.

The next target is the $40 High Volume Node and R3 weekly pivot. Wave 3 has a minimum target of $40. I am eyeing $80 for the terminal bull run target.

📈 Weekly RSI hidden bullish divergence played out, and is now showing bearish divergence, expected to be negated in a strong uptrend.

👉 Analysis is invalidated if we close below the orange trend-line and weekly 200EMA.

Safe trading

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.

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RIOT Macro analysis | The bigger picture | Long-term holders

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