RIOT: Can it complete the sequence?

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RIOT has woken up in the last few days and finished an exciting rally to create another higher high above July high, even above Nov 2024 high. This can be the total move to finish a complete 5 waves sequence since April low. But from geometry perspective, putting another high would make things neat and clean. The initial move down is in 5 waves. So, we should expect a bounce tomorrow before another leg down. I am keeping a close eye on 1 hour RSI. I want to see a bullish divergence forming in 1 hour and then in 4 hour to have a high probability of starting the final fifth wave to complete minute degree wave 1. BTC as well should get severe resistance at around 118k area and go down again to finish up wave 4. Should expect some turmoil at the end of September into early October before the yearend rally starts. For RIOT that means, hopefully hitting $18 target and then hopefully keeping the retrace above $10. Only then we can set some new targets for $30-$40 along with some good news on their expansion projects as tailwind coupled with overall crypto rally into Q1 of next year. Right now, need to see $14.5 - $15 hold. If it doesn't hold, then will assume minute degree 1 is complete and wave 2 in progress. In that case, $10 will be the next level to hold. Not shorting at this time. Only long when given the chance.

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