RIOT just flipped the switch. A monthly red momentum candle is on and price is now floating back into the Ichimoku cloud [1]. It broke a multi-year downtrend and reclaimed stair-step levels. Inside the cloud now; $24–25 is the lid. A monthly close above the cloud turns this from grind to squeeze. Measured move from the base puts $32 → $40+ in play next. Tenkan > Kijun + rising volume = bulls pressing the gas [1].
From the community side, a take from ShortSeller adds a counter-narrative layer, keeping RIOT under scrutiny as it bounces around the cloud [2].
What to watch next - Bullish path: A monthly close above the cloud could flip grind into a squeeze, with the lid at $24–$25 and a measured move to $32–$40+ [1]. - Skeptical lens: ShortSeller's perspective adds caution to the rally narrative [2].
Takeaway: For RIOT, the next move hinges on a clean monthly close above the cloud and how the bullish chart story squares with the Shortseller signal in the mix [1][2].
References
$RIOT just flipped the switch. Monthly red momentum candle is on and price is now floating back into
RIOT rallies; broke downtrend, entered Ichimoku cloud; targets $32–$40+; bullish cycle similar to 2017/2020 squeeze.
View source$RIOT https://t.co/Aocxjn0eSG
shortseller references RIOT, a crypto mining stock, with no explicit opinion
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