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Market Insights

Bringing you the trading news around the world.

Like Cryptocurrencies? Check out the Price Action in this Bitcoin Mining Stock

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Bitcoin miner Riot Blockchain has been skidding lower since February, but now it could be ready to move again.

The main feature on its chart is its jump above the 50-day moving average on July 26. It’s formed a tight consolidation pattern above the line since. The current action differs from a moment like early July, when …

For more, please click here to view the related idea and chart analysis on TradingView.

Riot Blockchain (RIOT), daily chart with selected patterns, courtesy of TradingView.

About the author

David Russell
David Russell is VP of Market Intelligence at TradeStation Group. Drawing on two decades of experience as a financial journalist and analyst, his background includes equities, emerging markets, fixed-income and derivatives. He previously worked at Bloomberg News, CNBC and E*TRADE Financial. Russell systematically reviews countless global financial headlines and indicators in search of broad tradable trends that present opportunities repeatedly over time. Customers can expect him to keep them apprised of sector leadership, relative strength and the big stories – especially those overlooked by other commentators. He’s also a big fan of generating leverage with options to limit capital at risk.

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