RIOT Cross under 50, 200 sma bullish pattern detected on the 5d

٢٦ فبراير ٢٠٢١

5d chart shows a cross under the 200 day sma and a ounce right off the nearest support. the trend line from its initial break out last week shows a nice symmetrical triangle forming and converging right above that same support. given its volatility and relationship to BTC however, its always plausible a breakdown under this support and settling in at the mid 20's range is never out of question. but given the trend here and what seems to be relatively stable floor for BTC, we can expect more likely a breakout ot he upside in my opinion.

This is a risky derivative, use caution and do your own DD, NO finance , No Financials here