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.
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