$RIOT Support Here Should Lead to a Rally

On my count, $RIOT may have completed wave 2 of intermediate (orange) degree. If that is the case, then we may have completed a series of ones and twos since.

Support on the green trend line would be a positive development. A rally from here should target, at least initially, the $55 range. This very bullish count is invalidated with a breach of $23.96.

RIOT


[UPDATE]: I don’t really like the price action since my previous call. It’s not really what I would expect after an expected 1-2-1-2 nest. It may still be that, but I’m cancelling the call. I’m not personally going to call for that at this time. I will need to monitor the price action from here prior to making a new call.

RIOT

 


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