RIVN: A bullish structure? What to expect next?
• RIVN dropped sharply in the last few days, however, it is trying to recover now;
• For the first time, since the last top (Sep 15), RIVN is doing higher highs/low;
• In addition, it seems we see an Ascending Triangle chart pattern;
• This is supposed to be a bullish reversal pattern, but this is not a rule. If it loses the purple trend line, it might drop to seek the previous bottom at $31.78;
• However, by doing an upwards breakout, it’ll trigger a reversal with a technical target at the previous top, at $40.78;
• Either way, RIVN looks interesting, but an upwards breakout will have more upside potential.
Remember to follow me for more analysis like this! Keep in touch.
• For the first time, since the last top (Sep 15), RIVN is doing higher highs/low;
• In addition, it seems we see an Ascending Triangle chart pattern;
• This is supposed to be a bullish reversal pattern, but this is not a rule. If it loses the purple trend line, it might drop to seek the previous bottom at $31.78;
• However, by doing an upwards breakout, it’ll trigger a reversal with a technical target at the previous top, at $40.78;
• Either way, RIVN looks interesting, but an upwards breakout will have more upside potential.
Remember to follow me for more analysis like this! Keep in touch.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.