RIOT posted a modest 1.8% gain today, maintaining its position around the midline of the projected Minor Wave 5 advance — keeping the near-term bullish structure intact.📈 🎬 >> In line with the bullish scenario, the structure is progressing step by step toward completing the projected initial leg of a Primary-degree uptrend. A surge above 15.34 would technically validate the Leading Diagonal in Intermediate Wave (1) as a completed structure, potentially confirming the onset of a broader bullish trend. Based on current technical analysis, the projected advance for Minor Wave 5 stands at approximately 72%.
📉 🎬 >> Upon completion of Minor Wave 5, the leading diagonal pattern will be firmly established as a potentially bullish structure, setting the stage for a corrective retracement in Intermediate Wave (2).
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.