$RIOT Making Moves!

RIOT found support at the areas mentioned last week, the weekly pivot and 200EMA.

Wave (ii) ended at the golden pocket and High Volume node support.

Retesting the descending channel resistance upper boundary again will be the 5th test and a very high probability breakout. This would bring up the first target resistance of the wave (I) swing high and High Volume Node $20.5 followed by $40.

Weekly RSI did hit overbought but this can take months to pay play out and there is no divergence!

Analysis is invalidated below $6.33.

Safe trading