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
PancakeSwap v3 hosts $3B in spot DEX trading volume for tokenized stocks
Cryptobriefing•2026/08/16 08:27
Valkyrie joins race for spot bitcoin ETF with Wednesday SEC filing
The Block•2026/08/16 08:21
Bitcoin volatility makes comeback amid ETF-fueled rally
The Block•2026/08/16 08:21
Prime Trust halted deposits, withdrawals after order from Nevada regulator
The Block•2026/08/16 08:21
Crypto prices
MoreBitcoin
BTC
$62,991.55
-0.00%
Ethereum
ETH
$1,878.81
-0.03%
Tether USDt
USDT
$0.9989
-0.01%
USDC
USDC
$0.9998
-0.01%
XRP
XRP
$1
-0.11%
Solana
SOL
$75.37
+0.22%
TRON
TRX
$0.3307
-0.45%
Hyperliquid
HYPE
$57.41
+2.01%
Dogecoin
DOGE
$0.06981
-0.25%
Zcash
ZEC
$487.47
-0.40%
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