Feb. 9 at 9:06 PM
📉
$RIOT Downside Correction
Riot Platforms completed its upside 3‑swings move after hitting the weekly target and is now bouncing off the broken channel. As long as price stays below the January peak at
$19.5, another move lower is expected later this year.
The next downside target comes at the equal legs area
$7.5–
$4.7, where long‑term investors will likely step in for a bullish reversal. The path won’t be a straight line, but the structure favors that zone being reached over time.
#CryptoStocks #Bitcoin #ElliottWave #Trading
