RIOT Macro analysis | The bigger picture | Long-term holders

TradingView2026/04/22 13:15

By:TradingView

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looks stronger than most miners and remained in a bullish structure during the recent downturn. It continues to catch a bid at the weekly 200EMA and golden pocket fibonacci retracement of wave 1, and is now above the weekly pivot. The key $19 resistance remains tough with 5 tests, each test weakening the node and increasing the probability of a breakout. Wave 3 has a minimum target of $40. I am eyeing $80 for the terminal bull run target.

📈 Weekly RSI has hidden bullish divergence and is playing out

👉 Analysis is invalidated if we close below the orange trend-line and weekly 200EMA, back in the range

Safe trading

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RIOT Macro analysis | The bigger picture | Long-term holders

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