RIOT surged 4.7% today, closing above the August high, and reinforcing the outlook for continued upside in Minor Wave 5 of the leading diagonal, unfolding as the final segment of Intermediate Wave (1).This price action raises confidence in the bullish scenario, suggesting that the structure is maturing and approaching the completion of the initial leg within a broader uptrend.
🎯 Technical Target remains unchanged: 17.05
📉🎬 >> 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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RIOT 
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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.