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
Tuya partners with Elmarc to expand AI home energy products in Benelux markets
Reuters•2026/09/07 17:40
A Chinese Crypto Whale Made Major Changes to It’s Positions Today
BitcoinSistemi•2026/09/07 17:24
Copper surges to all-time high as tariff turmoil rocks market
Mining.com•2026/09/07 17:15
DBS and Citi Enable 24/7 USD Payments With Tokenized Deposits, Cutting Settlement to Minutes
Crypto Ninjas•2026/09/07 16:36

Crypto prices
MoreBitcoin
BTC
$79,168.41
-0.72%
Ethereum
ETH
$2,495.28
+0.14%
Tether USDt
USDT
$0.9998
-0.02%
BNB
BNB
$740.52
-0.97%
XRP
XRP
$1.4
-0.76%
USDC
USDC
$0.9999
-0.00%
Solana
SOL
$104.18
-1.85%
TRON
TRX
$0.3340
-0.37%
Hyperliquid
HYPE
$85.25
-3.25%
Zcash
ZEC
$1,169.11
-3.15%
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