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Riot Platforms, Inc.
Long
Jan 14, 2021
RIOT - Small Dip Before Continuing Uptrend
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I think RIOT needs to correct a little before it can continue rising within the formed trend channel on the daily charts.
RSI still looks overbought.
This stock obviously reacts to BTC Price movements, but it's sometimes delayed.
Short term dip, with an entry price target of about $21.40, then long from there, given bitcoin continues it's bull run.
If there's a major move in next few days for BTC, expect this stock to run up again.
TheTraderAndy
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*Not Financial Advice*
*Only Risk What You Can Afford To Lose*
*Just Ideas, Not Investment Advice*
*Trade At Your Own Risk*
Chart Patterns
crypto
Cryptocurrency
cryptostocks
Equity
Technical Indicators
RIOT
riotblockchain
Trend Analysis
TheTraderAndy
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*Not Financial Advice*
*Only Risk What You Can Afford To Lose*
*Just Ideas, Not Investment Advice*
*Trade At Your Own Risk*
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by TheTraderAndy
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