RIOT remains in wave 3 $40 next target
By:TradingView
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RIOT is following my wave 3 analysis and has now overcome the High Volume Node resistance at $20.
The next target is the $40 High Volume Node.
Price bounced at the golden pocket 0.618 Fibonacci retracement, which aligned with the previous channel trend line top, and weekly 200EMA, swinging just below the weekly pivot.
There was also a weekly bullish divergence.
A high confluence bottoming area.
The next target is the $40 High Volume Node.
Price bounced at the golden pocket 0.618 Fibonacci retracement, which aligned with the previous channel trend line top, and weekly 200EMA, swinging just below the weekly pivot.
There was also a weekly bullish divergence.
A high confluence bottoming area.
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