RIOT has successfully managed to complete a 5 waves bullish sequence with somewhat of an ending diagonal finish as of Friday close. The closing hour was a pretty sharp drop with somewhat of a bear flag pattern after closing. This may suggest that the top is in for the sequence. If you have booked a profit, congratulations to you! I am now very curious about how the next move will play out. It is always possible that the upside move is not yet complete. It will not be confirmed until price breaks below $16.8. But the preliminary signs are suggesting that distribution has begun. If it is indeed a time for correction, then the support points are lining up with Fib retracement areas almost perfectly. BTC is the key to everything else here. BTC is also looking to put in a B wave top for a larger wave 4, that may take the price down to around 100k. Trad markets, even though put in higher highs last week are poised to make a turn as well. The next 2 weeks will be very important for the rest of the year.
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