As of May 22, 2026, RIOT (Riot Platforms, Inc.) is in a parabolic state on the weekly chart, with a confidence level of 69%. Key support is at $22.0 and key resistance at $25.8. Weekly price is breaking to fresh swing highs near $25 after a sharp impulse; price ($24.47) is well above EMA50/EMA100 and all key SMAs; RSI14 ~70 shows momentum but near overbought.
Bullish continuation (Elliott: still in wave 3 or starting wave 5) with a brief consolidation/pullback that holds above prior breakout, then a push to the next extension zone.
Deeper mean-reversion (wave 4 style) after the parabolic leg: price rejects at/near $25-$26 and retraces toward rising MAs before deciding direction.
Hold weekly closes above $22.00 while making a new HH above $25.80.
Weekly close below $19.00 (breaks the most recent swing-low structure / likely loses EMA20 support).
Buy-the-dip plan anchored to breakout retest ($22), then prior structure/psychological support ($20), then mean-reversion to EMA50/SMA50 area (~$15-$16) and finally EMA200/SMA100 zone ($13-$14) if wave-4 deepens.
Trim into upside extensions as price gets increasingly stretched vs rising EMA50/EMA100; larger trims near prior-cycle supply zones (mid-$30s to $40s) and full exit into extreme multi-year extension ($48-$60) if momentum persists.
As of May 22, 2026, RIOT (Riot Platforms, Inc.) is in a parabolic state on the weekly chart with 69% confidence. Weekly price is breaking to fresh swing highs near $25 after a sharp impulse; price ($24.47) is well above EMA50/EMA100 and all key SMAs; RSI14 ~70 shows momentum but near overbought.
On the weekly timeframe, RIOT has key support at $22.0 and key resistance at $25.8. The most likely scenario (bullish) targets $28.0 and $32.0, with a revert level at $22.5.
RIOT (Riot Platforms, Inc.) is currently classified as parabolic on the weekly chart, with 69% confidence. Confirmation requires: Hold weekly closes above $22.00 while making a new HH above $25.80. This would be invalidated by: Weekly close below $19.00 (breaks the most recent swing-low structure / likely loses EMA20 support).
The most likely scenario (bullish) targets $28.0 and $32.0, with a revert level at $22.5. The alternative scenario (bearish) targets $20.0 and $16.0.
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