Rivian Automotive (RIVN) is forming a triangle pattern, signaling a potential breakout as the price consolidates within a tightening range. This technical formation points to a high-probability setup, with upcoming price movements likely to be decisive. Let’s analyze the chart to uncover precise levels and actionable trading opportunities.
Chart Analysis: Key Levels to Watch
The lower trendline of the triangle, around $14.35, serves as critical support. A breakdown below this level could signal bearish momentum.
Target Levels Post-Breakout:
Target 1: $18.33
Target 2: $21.73
Target 3: $24.52
Stop-Loss: Above $15.25
What’s your take on Rivian’s next move? Will it break higher or lower? Share your views in the comments below! 📈📉
⚠️ Disclaimer: This blog is for informational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.