RIOT At First Target!

Local Analysis / Targets / Elliot Wave

There was a lot of doubt on TradingView for this breakout but here we are! Price has now come into the High Volume Node resistance after nearly doubling. Wave III appears to be underway with a minimum expected target of $46 per Fibonacci extension tool. Breaking out of the resistance is key for now but once it happens price should move fast.

Standard Deviation Band Analysis

Standard deviation bands show price is only just overcoming its fair value so has plenty of momentum left in it. The SD+2 threshold is the next target at $30.

Safe trading