RIOT: Rally to continue or crash ahead?Riot Platforms, Inc.NASDAQ:RIOTmukit1RIOT has had quite a nice run up in April. Right now price is coming up against the resistance zone. At this juncture, the most important thing to watch is how the next couple of weeks play out. EW perspective, If we are seeing the beginning of the minute degree Y wave, then we should see the rally fizzle and reverse quite sharply to finish up the c leg of Minuette degree wave a. Price should get support in the mid $15 area and put in the b wave rally that should fail and start the final c wave correction to bring price down to the target blue box. This idea will be invalid if we see price breaks above $ 23.92. If we see price breaks above $23.92, then probability increases for minute degree wave 2 have ended back in February and we are seeing the wave 3 in action. If that is the case, then Minute degree waves 1 and 2 are already complete and Riot is putting in wave 3 of 3. It will be a very powerful rally that can take price to previous high of $70. I would like to watch the price break above the resistance area before planning on buying. I want to see bullish divergences in RSI in higher timeframes such as in daily or weekly timeframe to confirm minor degree wave 3. On the flip side, to take a short position, I need to see price break below $16.16 and bounce from there. An entry on that bounce would have clear stop loss if price action were to go the other way. So, next week is to watch the stock do what wants to do and decide from there.