I Predict A RIOT

2023年7月14日

Riot Platforms RIOT

- Above 200 day SMA & sloping upwards
- Ascending parallel price channel .
- Break of OBV resistance levels have been positive
- We have just broken above the Feb 2021 OBV high

New entries into this trade would be better waiting for a re-test of the bottom of the channel with a stop placed beneath it.

As we are breaking out of the OBV high, you could enter a trade here but with a tight stop loss at $18.30. Probably not worth it IMO. Better to wait or look at the other smaller miners.

I previously covered CIPHER Mining CIFR and Marathon Digital Holdings MARA both of which at similar junctures, however $CIPHER has had major developments of recent and could rise up to it next resistance at $9.60 fairly quickly over a few months (an 80% + move).

You'll find these charts in my trading view link in my bio. I also cover some fundamentals on Trading view also. They are also in my feed hereunder.

Play it safe

PUKA

2023年8月16日

註釋

Almost at the bottom of the channel

2023年8月20日

註釋

200 Day SMA can provide a good trading opportunity.

You can enter after a bounce off it, and place your stop a $1 under or whatever risk tolerance you are ok with.

I personally like to watch for a bounce and confirmation with weekly close confirmed above 200day.

Regardless of all of the above after this correction an entry at or slightly above the 200 day is a lot less risky than were were just a few weeks ago.

PUKA