Riot Platforms, Inc. to $1000 / 100x

On the above 8-day chart price action has corrected 95% from $80 in early 2021. A number of reasons now exist to be consider a long position. They include:

1) Price action and RSI resistance breakouts.

2) Price action confirms trend reversal. Higher highs higher lows.

3) Price action confirms support on past resistance. (Green bar).

4) The inverse head & shoulders, you see it?

5) No share splits. True.

6) The bull flag pattern is used to forecast the projection as it was done twice before. Target area is $1000 per share.

Ww

Type: trade
Risk: <=6%
Timeframe for long: Quarter 1 2024
Stop loss: Will say elsewhere

Zlecenie aktywne:

GRM support confirmed.

Komentarz:

Past resistance confirms support.