RIOT / 2h

RIOT has retraced up by 7.46% in total, which may be considered the 4th wave of wave A, in which five overlapping waves seem to be expanding down.

Wave Analysis >> The rising leading diagonal in wave (1) ended with a diagonal as its 5th wave inside at 10.86. Its correction in the same-degree wave (2) is underway toward the origin of the ending diagonal >> 7.93.

Trend Analysis >> The trend turned to correcting down. It might be a relatively deep retracement that will take a few weeks to develop.

The retracement targets >> 8.20 >> 7.93 >> 7.67
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